Rajat Gupta

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Rajat Kumar Gupta

Born December 2, 1948
Kolkata, India
Spouse Anita Mattoo Gupta (wife)

Rajat Kumar Gupta (born December 2, 1948) is an Indian American businessman who was the managing director (chief executive) of management consultancy McKinsey & Company from 1994 to 2003 and a business leader in both India and the United States. He was convicted on four felony counts of conspiracy and fraud in June 2012 stemming from giving insider information to other businessmen.[1][2]

Gupta was born in Kolkata, India. Gupta's father fought under Gandhi to seek freedom for India from Great Britain. His father later became a journalist. Gupta's mother was a Montessori teacher.[2] Both parents died while Gutpa was a teenager. He earned a Bachelor of Technology degree in Mechanical Engineering from the Indian Institute of Technology, Delhi in 1971. He met his wife there. He also earned a Harvard MBA and then joined McKinsey.

In his capacity at McKinsey, Gupta was viewed as the first Indian-born CEO of a global corporation. After retiring from active leadership of McKinsey, Gupta remained affiliated with McKinsey, while serving as corporate chairman, board director or strategic advisor to a variety of large and notable organizations. The corporations included Goldman Sachs, Procter and Gamble and American Airlines. The non-profits included The Gates Foundation, The Global Fund and the International Chamber of Commerce.

Gupta worked to found the Indian School of Business in Hyderabad in the late 1990s which led him to meet Raj Rajaratnam, the founder of the Galleon Group. When federal investigators tapped Rajaratnam's phone, they quickly learned that Gupta was the source of his insider information about Goldman Sachs. He was tried on six felony counts and convicted on four. Gupta is free on bail until he receives a sentence in October 2012.[2]

References

  1. "Former McKinsey chief and Goldman Sachs director Rajat Gupta convicted of insider trading", 15 June 2012. 
  2. 2.0 2.1 2.2 Chad Bray, Michael Rothfeld and Reed Albergotti. "Insider Case Lands Big Catch", Wall Street Journal, June 16, 2012, p. A1.