Just as WASPs, Irish-Catholics and
Our Crowd Jews once made the ascent from immigrants to powerbrokers, it is now
the Indian-American’s 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 emigrés and children of
emigrés rose through the ranks, until now.
The collapse of the Galleon Group,
a hedge fund that managed more than seven billion dollars 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, Galleon’s founder Raj Rajaratnam, a
Sri-Lankan born, Wharton-educated billionaire. But the most shocking allegation
was that the éminence grise of Indian business, Rajat Gupta, was Rajaratnam’s
accomplice and mole. If not for Gupta’s 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 America’s moneyed elite.
Author Anita Raghavan crisscrosses
the globe from Wall Street boardrooms to Delhi’s Indian Institute of Technology
as she uncovers the secrets of this subculture, an incredible tale of triumph,
temptation, and tragedy. Download and start listening now!