- 10 Mar 2011 at 5:06 PM
People helping people is all this is about.
Kumar has admitted accepting $1.75 million from Rajaratnam, a one-time billionaire, in exchange for supplying tips on McKinsey clients, including chipmaker Advanced Micro Devices. On the witness stand, he recounted that the Galleon Group hedge fund founder told him: “You work very very hard. You are underpaid. People are making fortunes … so just keep track of your knowledge and share it with me.”
And for this he should be punished? If helping out a friend in such a way is wrong, Raj doesn’t want to be right. Also, who’s to say Raj was looking for ‘knowledge’ about publicly traded companies? He could’ve very well been asking Kumar to share his formidable pop culture knowledge as Big R geared up for trivia night and the request was misinterpreted. The defense rests!
- Raj Rajaratnam Just Wanted To See Anil Kumar Fairly Compensated For His 'Knowledge' March 10, 2011
- Ray Dalio Not Sure Why Recording People Talking About A Colleague's Mistakes And Weaknesses And Then Playing Back The Tape For Said Colleague Would Be Viewed As Anything Other Than Positive September 22, 2014
- UBS Not Going To Let France Make An Example Of Its Admittedly Illegal Business Practices September 22, 2014
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed September 17, 2014
- Opening Bell: 09.22.14 September 22, 2014
- Harvard Professor Been Waiting 39 Years To Nail Lloyd Blankfein To The Wall September 18, 2014
- Bond Lovers Should Run And Hide: Julian Robertson September 22, 2014
- Destin, FL Can’t Compete With One Man’s Alibaba Excitement September 22, 2014
- Blackstone Is Taking A Break From Russia September 22, 2014
- Bonus Watch '14: Whistleblower From Who All Would-Be Whistleblowers Could Learn A Thing Or Two September 22, 2014
- Executive Editor
- Bess Levin
How Can We Help You?
- Send tips to:
- For tech issues email:
- For advertising or events email:
- For research or custom solutions email:
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com