Former Galleon Research Head Brings The Sass

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Just before the lunch break on Wednesday, prosecutors began questioning Mr. Schutte as part of their cross examination, hitting him with a variety of rapid-fire questions about investor expectations for hedge funds and their managers. "They didn't want hedge funds corrupting executives at companies, did they?" Assistant U.S. Attorney Reed Brodsky said. "I don't know what investors want," Mr. Schutte said. "I don't think that's a business plan I would put forth, if that's what you're asking." [WSJ]

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