The Billionaire's Apprentice: The Rise of The Indian-American Elite and The Fall of The Galleon Hedge Fund
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About this book
Just as WASPs Irish-Catholics and Our Crowd Jews once made the ascent from immigrants to powerbrokers it is now the Indian-Americans turn. Citigroup PepsiCo and Mastercard are just a handful of the Fortune 500 companies led by a group known as the "Twice Blessed." Yet little is known about how these Indian emigres (and children of emigres) rose through the ranks. Until now... The collapse of the Galleon Group--a hedge fund that managed more than $7 billion in assets--from criminal charges of insider trading was a sensational case that pitted prosecutor Preet Bharara himself the son of Indian immigrants against the best and brightest of the South Asian business community. At the center of the case was self-described King of Kings Galleons founder Raj Rajaratnam a Sri-Lankan-born Wharton-educated billionaire. But the most shocking allegation was that the minence grise of Indian business Rajat Gupta was Rajaratnams accomplice and mole. If not for Guptas nose-to-the-grindstone rise to head up McKinsey & Co and a position on the Goldman Sachs board men like Rajaratnam would have never made it to the top of Americas moneyed elite. Author Anita Raghavan criss-crosses the globe from Wall Street boardrooms to Delhis Indian Institute of Technology as she uncovers the secrets of this subculture--an incredible tale of triumph temptation and tragedy.
