Gupta to Face Criminal Charges

(WSJ) The 62-year-old Mr. Gupta is expected to surrender to the Federal Bureau of Investigation Wednesday on criminal charges of leaking inside information to Galleon Group hedge fund founder Raj Rajaratnam, according to people familiar with the matter…

I am prejudging Gupta’s guilt of course, but the stuff that made the news during Rajaratnam’s trial seemed pretty damming.  I’m sure there is more than a little of the perp walk Martha Stewart pour encourager les autres law enforcement grandstanding going on, but there is too much smoke for there not to be fire?

And it tells an ugly tale about the corrupting power of money………that there is never enough. And the “need” for more can get anyone to start cutting corners 

You don’t get to be the Managing Director of McKinsey, and spearhead the successful internationalization of a firm like that, by being a dummy.  You built something yourself, and your organization helped a global who’s who list of companies build things.  A captain of industry.  Enviable career.

By “the 99%’s” definition, Gupta will have achieved unimaginable success, and earned stratospheric rewards; power, esteem, the requisite board seats at P&G and Goldman Sachs, and he probably uses his social security check as a week’s pocket change.

And somewhere in that timeline that the FBI are trying to build…..  he spent time with all these CEO’s over the past 15 years who got hired and fired, and lined up to sell their companies to private equity, carrying around personal compensation packages of $100M. Who knows what shenanigans he witnessed while on the board of the lords of the universe.  Well I guess Raj knows some of what he heard because we heard the phone taps.

And he starts rubbing shoulders with the titans of Wall Street.

And he thinks well they’re no smarter than me, and they have billions and I only have millions, so…………

There’s never enough.