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From Evan Newmark on WSJ’s Deals blog:
In my last column on former McKinsey biggie Rajat Gupta, I wondered how a man of Gupta’s stature got caught up in the schemes of Galleon’s Raj

Agence France-Presse/Getty Images
Rajat Gupta.

Rajaratnam.
Having just listened to an 18 minute July 2008 taped conversation between Gupta and Rajaratnam, I have a more prosaic question: How come Gupta hasn’t yet been criminally charged for his shenanigans?
So far, Gupta’s only been charged in a civil suit. But the stuff on this 18 minute recording is pretty damning.
Is it “criminal” activity as defined by the law? I don’t know, I’m not a federal prosecutor. But it certainly isn’t the kind of material Gupta would be proud to share with the McKinsey Quarterly or the HBS Alumni Bulletin.
The most obvious no-no on the call is that Gupta dishes the dirt on confidential board-privileged M&A discussions with his pal, a hedge fund manager.
How could Gupta not know that Goldman’s interest in acquiring Wachovia or AIG constituted “inside” information – as in stuff to be kept “inside” the boardroom or “inside” your mouth?
Continue reading on Deals.

Fuente: India Real Time