• 26 Oct 2009 at 5:19 PM

Galleon Employee Asked To Model Spandex On Conference Room Table

By Bess Levin

lululemon-pants.jpgSadly, it wasn’t Raj, that we know of, though perhaps he took a test drive later on. I’ll have you know that at Stamford’s premiere hedge fund, the founder takes a more hands on approach to this sort of thing, modeling the goods offered by American Apparel, of which he’s an activist investor, himself, rather than passing the work off onto an underling.* I don’t know how we missed the most amazing aspect of this weekend’s Rajaratnam profile but here you go.

Employees at Galleon recall some unusual scenes. Last summer, Mr. Rajaratnam asked a junior female analyst to buy a black spandex outfit from retailer Lululemon Athletica Inc. as part of a research project into the company, a hotly traded stock.
He then asked the analyst to wear the outfit at the firm’s morning meeting, said people who were there. As employees giggled, Mr. Rajaratnam made the point that few consumers would pay so much money for the expensive outfit in a recession, these people said.

Mr. Rajaratnam then asked the analyst to walk back and forth on top of the conference table, said the people who attended. At that point, the firm’s chief financial officer, Rich Scutte, urged the presentation to stop.
The analyst declined to comment. Jim Walden, attorney for Mr. Rajaratnam said, “This is a complete misrepresentation of a serious research discussion about Lululemon’s products.”

*For example, this item was deemed “Too tight in the crotch.”

Comments (44)

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  1. 1
    Posted by guest | October 26, 2009 at 5:23 PM

    I think all [hot] women should have to wear lululemon to work. It would make the day go much quicker.

  2. 2
    Posted by guest | October 26, 2009 at 5:25 PM

    #1: How did he not get sued for harassment??
    #2: Pics or it didn’t happen. :D

  3. 3
    Posted by guest | October 26, 2009 at 5:26 PM

    raj ftw

  4. 4
    Posted by guest | October 26, 2009 at 5:28 PM

    Is he hiring?

  5. 5
    Posted by guest | October 26, 2009 at 5:29 PM

    lulu the lemon song

  6. 6
    Posted by guest | October 26, 2009 at 5:29 PM

    that’s incredible

  7. 7
    Posted by Apollo | October 26, 2009 at 5:29 PM

    Much obliged for the picture change, Bess.
    But you forgot to mention the part where fat man made the analyst spank him and drag him across the floor on a leash.
    And also that Meredith Whitney was the analyst in question.

  8. 8
    Posted by guest | October 26, 2009 at 5:30 PM

    I’d hit that ass 3 times.

  9. 9
    Posted by guest | October 26, 2009 at 5:34 PM

    Let’s see how well those spandex hold up to my ripping them off the butt of that model and plundering her booty.
    I mean give it a real “test drive”

  10. 10
    Posted by guest | October 26, 2009 at 5:34 PM

    what’s the big deal?
    -jeff eps

  11. 11
    Posted by guest | October 26, 2009 at 5:35 PM

    When Raj got within beating distance of some white ass he lost it and all reason went right out the window.

  12. 12
    Posted by guest | October 26, 2009 at 5:38 PM

    Stuff like this happens at D. E. Shaw all the time. It’s no big deal.

  13. 13
    Posted by guest | October 26, 2009 at 5:40 PM

    Is he hiring? How about is the junior female analyst in need of a new gig?

  14. 14
    Posted by guest | October 26, 2009 at 5:40 PM

    Is he hiring? How about is the junior female analyst in need of a new gig?

  15. 15
    Posted by guest | October 26, 2009 at 5:40 PM

    What a hack.
    SAC

  16. 16
    Posted by Effective Date | October 26, 2009 at 5:41 PM

    that’s about a 6 roper

  17. 17
    Posted by guest | October 26, 2009 at 5:41 PM

    ummm sensy!
    I think the giggling imbecile should do a ‘Lindy Boville’ and sue. Lord knows my man bits are moving as I type this.

  18. 18
    Posted by guest | October 26, 2009 at 5:43 PM

    I meant slore, not analyst. Sorry, and sorry.
    -13/14

  19. 19
    Posted by wcburrs87 | October 26, 2009 at 5:44 PM

    This is nothing Bess. I once was a junior analyst for Ping and he thought fleshlights were the next big thing.

  20. 20
    Posted by guest | October 26, 2009 at 5:47 PM

    @19 Did you have to model them in front of the other analayst’s?

  21. 21
    Posted by guest | October 26, 2009 at 5:54 PM

    @20 – i think that’s the joke.

  22. 22
    Posted by guest | October 26, 2009 at 5:55 PM

    You idiots know nothing about research, and really throwing your skin in the game. Riddle me this, bitches: http://www.target.com/gp/detail.html/181-8037025-0395053?ASIN=B000FAGA4K&AFID=Froogle&LNM=B000FAGA4K|Kids_3pc._Tiger_Costume_Set&ci_src=14110944&ci_sku=B000FAGA4K&ref=tgt_adv_XSG10001
    -Stefán Cohén

  23. 23
    Posted by guest | October 26, 2009 at 6:02 PM

    Oddly enough, Lulu just guided higher. Further proof that inside info will beat titillating independent research any day.

  24. 24
    Posted by guest | October 26, 2009 at 6:07 PM

    Weak day DB

  25. 25
    Posted by guest | October 26, 2009 at 6:07 PM

    Spandex/leggings are the greatest trend to arrive in women’s fashion of the past 10 years.

  26. 26
    Posted by guest | October 26, 2009 at 6:12 PM

    I’d tap that ass till she showed me who she’s workin’ with.
    -SEC

  27. 27
    Posted by guest | October 26, 2009 at 6:15 PM

    Do those thingys come in an edible fabric?

  28. 28
    Posted by guest | October 26, 2009 at 6:29 PM

    @19 FTW
    @20 Fail

  29. 29
    Posted by Anal_yst | October 26, 2009 at 6:36 PM

    WTF when I shorted LULU back in ’08 you better believe I did my own thorough diligence, and store visits only begin to scratch the surface…

  30. 30
    Posted by guest | October 26, 2009 at 6:47 PM

    @24 shut your filthy whore mouth.

  31. 31
    Posted by guest | October 26, 2009 at 6:52 PM

    Wasn’t Shia available to model?

  32. 32
    Posted by guest | October 26, 2009 at 9:29 PM

    I’d almost pay to see Raj himself model that number!

  33. 33
    Posted by guest | October 26, 2009 at 9:50 PM

    @24 cause nothing happened today ie why ron blarney argued for/against/for insider trading. get out there and make something happen, bitch.

  34. 34
    Posted by guest | October 26, 2009 at 11:17 PM

    that ass ftw

  35. 35
    Posted by trojan | October 26, 2009 at 11:32 PM

    bess, really, I’ve got about a half a pack of Rolaids in my diaper

  36. 36
    Posted by guest | October 26, 2009 at 11:47 PM

    @35 uh what?

  37. 37
    Posted by tohellyouride | October 27, 2009 at 1:38 PM

    http://finance.yahoo.com/q/bc?s=LULU
    It’s never a good idea to let a chubby sri lankan pick women’s focused retail stocks.

  38. 38
    Posted by tohellyouride | October 27, 2009 at 1:38 PM

    http://finance.yahoo.com/q/bc?s=LULU
    It’s never a good idea to let a chubby sri lankan pick women’s focused retail stocks.

  39. 39
    Posted by UNTOUCHABLE!! | February 1, 2011 at 1:31 PM

    Just more evidence that guys named “Raj” are douchebags.

  40. 40
    Posted by guest | February 3, 2011 at 4:40 PM

    Wonder if LULU’s come in strips. That way Raj could hand them out as welcoming gifts to all his soon to be prision bitches.

  41. 41
    Posted by Dzinka | February 3, 2011 at 10:14 PM

    Is this true?

  42. 42
    Posted by Dzinka | February 3, 2011 at 10:14 PM

    Is this true?

  43. 43
    Posted by Dzinka | February 3, 2011 at 10:14 PM

    Is this true?

  44. 44
    Posted by Jyoti Ballabh | March 25, 2011 at 8:12 PM

    Ain’t that something?
    Here is an article on why Rajaratnam’s baby brother couldn’t get a date?

    http://www.foxnews.com/story/0,2933,41747,00.html

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