Wall Street

1:28am

Tue June 4, 2013
Author Interviews

Book Explores Downfall Of An Indian-American Business Icon

Originally published on Tue June 4, 2013 6:10 am

Rajat Gupta, former Goldman Sachs director and former senior partner at McKinsey & Co., was sentenced to two years in prison for leaking inside information to hedge fund manager Raj Rajaratnam.
Spencer Platt Getty Images

Rajat Gupta was one of the wealthiest and most successful men in America and an icon of the Indian-American community. Today, he faces two years in prison for insider trading, convicted of passing corporate secrets to his billionaire friend and Galleon Group founder Raj Rajaratnam.

Gupta was already a wealthy man; what was the motive for his crime? In The Billionaire's Apprentice:The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund, journalist Anita Raghavan tries to answer that question.

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3:44pm

Fri May 24, 2013
The Two-Way

Hedge Fund Manager Apologizes For Comments On Female Traders

Originally published on Fri May 24, 2013 3:51 pm

Paul Tudor Jones (left) at an National Audubon Society function in January.
Diane Bondareff Invision for the National Audubon Society

Billionaire Paul Tudor Jones is back-peddling from remarks he made at a symposium last month that motherhood causes women to lose the necessary focus to be successful traders.

"As soon as that baby's lips touched that girl's bosom, forget it," Jones told an audience at the University of Virginia on April 26.

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2:14am

Tue May 21, 2013
Business

JPMorgan Shareholders Consider Splitting CEO, Chairman Jobs

Originally published on Tue May 21, 2013 9:13 am

Transcript

STEVE INSKEEP, HOST:

JPMorgan Chase holds its annual shareholder meeting today in Tampa, Florida, and the shareholders will vote on a key measure: a proposal to strip the CEO, Jamie Dimon, of his other title, chairman of the board. A growing number of companies have split the CEO and chairman roles.

Shareholder activists and corporate governance experts say having a balance of power at the top helps to reduce risk. The bank and its supporters disagree. NPR's Yuki Noguchi reports.

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8:27am

Thu May 16, 2013
The Two-Way

Berkshire Hathaway's Credit Rating Knocked Down A Notch

Originally published on Thu May 16, 2013 8:53 am

Warren Buffett.
Donald Bowers Getty Images for Fortune

Billionaire investment legend Warren Buffett's Berkshire Hathaway Inc. has had its credit rating lowered from AA+ to AA by Standard & Poor's Ratings Services.

In a statement, S&P says that even though Berkshire Hathaway has an "excellent business profile," the lower credit rating "better reflects our view of BRK's dependence on its core insurance operations for most of its dividend income." (S&P's statement is posted on its website, but you have to register to view it.)

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2:24pm

Tue May 7, 2013
The Two-Way

Dow Jones Closes Above 15,000 For First Time

The Dow Jones Industrial Average closed above 15,000 on Tuesday for the first time in its history.

The Wall Street Journal reports:

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