• 17 Mar 2011 at 11:15 AM

WSJ: Raj Rajaratnam Is Alleged Insider Trader, Confirmed Catty Bitch

By Bess Levin

And this bitch be talking shit.

In a lower Manhattan courtroom, prosecutors have played a series of secretly taped telephone conversations, made by the Federal Bureau of Investigation, in the insider-trading trial of Galleon Group founder Raj Rajaratnam. The tapes focus on hedge-fund managers and others passing along allegedly hot market tips. But in a Wall Street version of WikiLeaks, the tapes also have revealed what some of capitalism’s chieftains have been saying about their colleagues and associates behind their backs. It isn’t pretty…During a July 29, 2008, call, Messrs. Rajaratnam and Gupta deride Mr. Kumar’s aptitude for doing investment deals. “I’m getting a feeling that he’s trying to, just…be a mini-Rajat, right?” Mr. Rajaratnam says on the tape. “Without bringing anything new to the party, right?” “Yeah, yeah,” says Mr. Gupta, who previously oversaw Mr. Kumar as managing director at McKinsey. “Honestly, Rajat, I’m giving him a million dollars a year for doing literally nothing,” Mr. Rajaratnam tells Mr. Gupta on the July 2008 call.

Oh no he di’int!

Calling Miss Manners: Tapes In Galleon Show Snark [WSJ]

Related: Raj Rajaratnam Trash Talked One Tipster To Another, Who Got To Hear It In Court Today

Comments (18)

  1. 1
    Posted by guest | March 17, 2011 at 3:28 PM

    “I’m giving him a million dollars a year for doing literally nothing except legitimate consulting work.”
    -fify

  2. 2
    Posted by Louis Winthorpe III | March 17, 2011 at 3:35 PM

    This seems eerily fimilar.

  3. 3
    Posted by Bernie | March 17, 2011 at 3:39 PM

    Just keep overhead low and make up your own numbers and trades – don’t pay those curry-cookers.

  4. 4
    Posted by Curry Cooker | March 17, 2011 at 3:41 PM

    Thats not what you said last night.

  5. 5
    Posted by Cheesy | March 17, 2011 at 3:48 PM

    Curry is a hell of a drug.

  6. 6
    Posted by Supraman | March 17, 2011 at 3:53 PM

    Re: Snark tag

    Please see an ATL article from today where he proposes expanded usage of “snark’. http://abovethelaw.com/2011/03/inside-straight-how-to-be-a-crappy-partner/

    Let flame war commence.

  7. 7
    Posted by Anil Kumar, aka Bud Fox | March 17, 2011 at 3:54 PM

    Kumar: Chart break-out on this one here…uh Whitewood-Young Industries…low P.E. Explosive earnings. 30% discount from book. Great cash flow. Coupla 5% holders. Strong management.

    Raj: It’s a dog, what else you got, sport, besides connections at the airport?

    - Guy who has nothing better to do than make Wall St. movie references.

  8. 8
    Posted by Guest | March 17, 2011 at 4:00 PM

    WSJ: copying dealbreaker stories from yesterday today since 2006: http://dealbreaker.com/2011/03/raj-rajaratnam-trash-talked-one-tipster-to-another-who-got-to-hear-it-in-court-today/

  9. 9
    Posted by guest | March 17, 2011 at 4:06 PM

    http://www.google.com/search?q=%22bess+levin%22+snark, Just sayin’.

  10. 10
    Posted by JR | March 17, 2011 at 4:12 PM

    Mini-Raj is the polar opposite of Jumbo Shrimp.

  11. 11
    Posted by HFP | March 17, 2011 at 4:36 PM

    UBS sucks

  12. 12
    Posted by Guest | March 17, 2011 at 4:40 PM

    And what you’re “just sayin” is…what?

  13. 13
    Posted by Guest | March 17, 2011 at 4:40 PM

    And what you’re “just sayin” is…what?

  14. 14
    Posted by CT | March 17, 2011 at 4:42 PM

    ‘Snark’ should be banned. It’s a catch-all phrase for lazy olds/the MSM who can’t comprehend writers who use tones that sometimes employ sarcasm, humor, irreverence, etc.

  15. 15
    Posted by CT | March 17, 2011 at 4:42 PM

    ‘Snark’ should be banned. It’s a catch-all phrase for lazy olds/the MSM who can’t comprehend writers who use tones that sometimes employ sarcasm, humor, irreverence, etc.

  16. 16
    Posted by guest | March 17, 2011 at 4:50 PM

    How would you feel about the word snark if every time someone wrote about you they said you were full of it? By contrast the only people who find ATL snarky are ATL themselves.

    Besides, the original snark was by all accounts a filthy, vicious animal.

  17. 17
    Posted by Gordon Freeman | March 17, 2011 at 5:23 PM

    Tell me about it

  18. 18
    Posted by Gordon Freeman | March 17, 2011 at 5:23 PM

    Tell me about it

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