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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (48147)	4/14/2011 1:08:09 PM
From: Hope Praytochange	Read Replies (1) \| Respond to of 103300

They’ve listened to a wiretap on which he confided to Rajaratnam that the Goldman Sachs Group Inc. (GS) board, on which he sat, discussed acquiring Wachovia Corp. or American International Group Inc. They’ve watched Goldman Sachs Chief Executive Officer Lloyd Blankfein testify that Gupta violated the company’s ethics code for directors. Prosecutors have called Gupta, who hasn’t appeared as a witness, an unindicted co- conspirator, and the U.S. Securities and Exchange Commission has filed an administrative action against him for his alleged role in the scandal. Still, nothing explains why Gupta, once one of the world’s most trusted advisers to companies, would risk his reputation by sharing confidential information with a hedge fund manager, Bloomberg Businessweek reports in its April 18 issue. Gupta, 62, led McKinsey, the global consulting firm, from 1994 to 2003. He sat on the boards of some of the largest multinationals, including Goldman Sachs and Procter & Gamble Co. He raised millions of dollars for charity, hung out with the Prime Minister of India, and attended Barack Odumbama’s first state dinner at the White House. He divided his time between a waterfront home in Westport, Connecticut, that once belonged to J.C. Penney, a Manhattan apartment, and a Florida getaway.