Alleged board insider trading : the case of Rajat Gupta /
This case recounts the story of Rajat Gupta, a Goldman Sachs board member and senior partner emeritus of McKinsey & Co., who was accused by the government of giving critical non-public financial information to Raj Rajaratnam, Galleon Group founder, during the financial crisis of 2008. The inform...
| Main Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
London :
NeilsonJournals Publishing,
2013.
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| Series: | SAGE Knowledge. Cases.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | This case recounts the story of Rajat Gupta, a Goldman Sachs board member and senior partner emeritus of McKinsey & Co., who was accused by the government of giving critical non-public financial information to Raj Rajaratnam, Galleon Group founder, during the financial crisis of 2008. The information passed along to Rajaratnam was about a pending $5 billion investment by Warren Buffett's Berkshire Hathaway in Goldman Sachs at a time when its stock had been faltering. The government alleged that based on this information, Rajaratnam purchased a large number of shares in the company and then sold them when the deal became public and Goldman's stock rose. Rajaratnam purportedly made $18 million on these trades. |
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| Item Description: | Originally Published InReed, M. M., & Brunson, R. R. (2013). Alleged board insider trading: The case of Rajat Gupta. Journal of Business Ethics Education, 10(1), 339-360. JBEE10-0CS2. |
| Physical Description: | 1 online resource : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781526460820 1526460823 |