Skip to main content

From an INSIDER to an INSIDER TRADER...


Humpty dumpty had a great fall….

We all have been hearing this rhyme since our childhood days. But I have now seen its real life existence.

Mr. Rajat gupta, a corporate turk, had experienced only the “highs” in his career to finally have an “irreparable low”. The US judiciary has accused him of insider trading and has been given a sentence of 25 years in jail. While working in Goldman Sachs, he gave off secret information about many investment plans (most crucial being the Berkshire Hathaway investment) which were not to be revealed. He leaked the confidential details to his former business associate and a fallen hedge fund manager, Mr. Rajaratnam. The mighty mogul had no other option but to stand in shame as another indian, Mr. Preet bahara , US attorney, convicted him.

Well, the jurors have given their decision but what is it that we learn from all this egregious fiasco?

First and the foremost, GREED IS GOOD BUT NOT GODLY!!
One always aspires to rise higher in their own fields. As soon as we start gaining name and fame, greed and avarice must not overcome our principles. Knowingly or unknowingly, Mr. Rajat became a victim to vices just to attain a share of the profits of Rajaratnam’s firm – The Galleon Group. Greed is insidious and FATAL! He had already reached at great positions in every firm he was recruited to. Then what was the need for greed?
 His hubris has put all his efforts into debris.

Secondly, ONLY ONE FROG CAN MAKE THE WHOLE POND DIRTY.
Mr. Rajat Gupta had co-founded ISB (Indian school of Business) with Mr. Anil Kumar. Initially, when Mr. Rajaratnam offered him the incentive, both got swayed away. Due to the evil intentions of the hedge fund titan, both the aspiring businessmen lost their identity.  After burning the midnight oil for the past 10 years, he had gained high reputation and experience.  He just forgot that his small mistake can cause a sea change in Wall Street mechanisms. Had he responded to Mr. Rajaratnam’s offer acrimoniously, he would have lost an “acquaintance” but not his “self-respect”.
Your associate circle can make or mar you !

Thirdly, VINCIT OMNIA VERITAS – Truth conquers all.
Mr. Rajat might consider his mistake as small. However, he can’t deny the fact that he has caused a loss of $ 5 billion to Goldman Sachs. He has indirectly given away the earnings of Goldman Sachs (for three quarters) for no benefit of the company. This is surely the work of a TRAITOR ! The jurors in Manhattan said that they tried their best to save Mr. Rajat but the evidences were so strong against him that they couldn’t help much. The diatribe which Mr. Rajat Gupta is facing is certainly not what he wished for but his careless actions have led him into a pandemonium.
 Let’s wish the best for him and hope that other corporate professionals would learn from his life story.
 After all, Success is a ladder not an elevator.

Comments

Popular posts from this blog

An exam, after all!

It is an exam, she had been told! Some meticulous planning, scheduling and studying Nothing she hadn't aced before School and college work had been rewarding It is yet another exam, after all! Like always, there shall be no stone unturned Read and write for long stretches Stretches and walks in short breaks Selective study as per the marks it fetches Just an exam, after all! More sweat in training meant less blood in battle Day and night wasn't as per the position of sun anymore Portions of syllabus covered decided its end Notes and questions more important than any chore Exam wont wait for her, it wont! This was the time to make things happen Revise and re-revise till facts form a chain A lot was left to summarise and memorise Till each detail has a GPS pin in the brain Exam was coming close, it was! Questions became black holes with no limits to depth Oh wait, not just the recollection and memory She also had to brush her writing skills How is today's politics affected

Jo, you there?

Jo sat down on her table, the one beside the window. She could see her mother nourish the plants in the garden with water, just the way she had nurtured her daughters to be the women they are now. Grateful for the blessings, she turned to pen the thoughts welling up in her mind. Today, it was about ‘LOVE’ to her 50 year old self. ------ Dear oldie Jo, Hope you have your perfectly brewed coffee by your side! Love to you was an unknown notion-something that wasn’t much heard of during dinner table conversations or talked about in school or college. Like the rest, you did hear your pals and peers talk about it and experience it based on their instinct. While you understood the mindspace they came from, you didn’t feel the need to experiment. In the early years of adulthood, love seemed too superfluous to you. And in some proportions, you considered it as a distraction that would take you away from yourself and your family. Without judging others, you still felt very sure

A girl like you

A frantic nudge on the back was enough to wake me up and disturb my deep peaceful slumber time. Before I realised, it was my sister who had seen a bad dream and wanted me to help her go back to sleep. I hugged her closer to myself and mumbled to her that tomorrow morning will be better than today. Within a few minutes, she was asleep on my arm and I kept looking at her 10-year old face for a long time. I wished, then, that she always remain this close to me as she was at that moment. Till now, my wish has unfolded into an eventful journey.  If I was gentle and all nice, she was all about sass, jazz and spice; If I was reserved and introverted, she was social and ‘Noddy’–incarnated;  If I liked uni-colour cloth patches, she carried shiny dresses with unmatched panache; If I found peace in nature and solitude, she preferred blaring music and lots of DJ dance; If I savoured plain idli and chutney, she gormandized on mysore masala dosa and spicy sambar. The two of us have