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Tushar Aher Patil

Trying to do better • 11m

Rajat Gupta’s journey, marked by success and downfall, tells a story of ambition turned tragic. Starting at McKinsey in 1973, he rose to become the firm's first non-American Managing Director in 1994, inspiring many. After retiring in 2007, Gupta joined the World Economic Forum and collaborated on philanthropy with Bill Gates. However, his ambition stretched toward billionaire status. In 2008, as a board member of Goldman Sachs, he learned about Warren Buffett’s planned $5 billion investment. This confidential info, if used, would break insider trading laws. Yet, Gupta shared it with Raj Rajaratnam, who profited as Goldman’s stock surged. Ultimately, the SEC investigated, and Gupta was convicted, sentenced to two years, and fined $5 million. His story highlights the risks of unchecked ambition, the fragility of reputation, and the importance of ethics in a high-stakes world. Information sources- The Psychology of Money.

6 Replies

Replies (6)

Arcane

Hey, I'm on Medial • 11m

The Psychology of money is a gem and this story is absolutely worth remembering!

1 Reply

Anonymous 1

Hey I am on Medial • 11m

Greed is dangerous

1 Reply

Ranjeeth Pai

Hey I am on Medial • 11m

this guy is the founder of ISB

1 Reply

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