Jul 21, 2017 johannesburg guptalinked trillian capital has responded to claims by mckinsey over an apparent deal with eskom. Two banks drop mckinsey in fallout from south africa scandal. Since joining mckinsey, rajat has lived on three continents and served clients in 15 countries, including china, india, indonesia, the netherlands, south africa, thailand, the united kingdom. Management consultants, in most cases, were a boon for incompetent corporate managers who did not know how to manage effectively and needed a rubber stamp for their decisions. Rajat kumar gupta is an indianamerican businessman who, as ceo, was the first foreignborn.
Srishti gupta, md, ma, mpp, mphil mit opencourseware. How the gupta brothers hijacked south africa using bribes. Rajat gupta insider trading case ministry of finance. Mckinsey in order to apply accounting principles to management. Rajat gupta is unrepentant for his crimes the new york times. Mckinsey company books list of books by mckinsey company. I am telling my story in my own words, in my own way. Former mckinsey indian american executive rajat gupta, at launch of new book, says hes keen on reforming u. For rajat gupta, returning is a hard road the new york times.
Mckinsey has published the mckinsey quarterly since 1964, funds the mckinsey global institute research organization, publishes reports on management topics, and has authored influential books on management. Mckinsey loses more than 40 consultants, including 14 of. In 2012, he was convicted for insider trading and spent two years in jail. Since joining mckinsey, rajat has lived on three continents and served clients in 15 countries, including china, india, indonesia, the netherlands, south africa, thailand, the united kingdom, and the united states. Guptas memoir, mind without fear, was published by juggernaut books and released in march 2019. It is a propulsive narrative filled with boldfaced names from business and. Mckinsey, kpmg targeted as gupta graft scandal widens fin24. At the weekend, it emerged that mckinsey has suspended one individual. Sep 20, 2017 mckinsey denies involvement in guptalinked businesses. Rasiel, provides a throughthekeyhole perspective on the way this worldwide consulting institution approachesand solvesthe myriad professional problems encountered by its highpowered clientele. It has been identified as among the companies to have benefited from the gupta zuma state capture campaign played out across south african stateowned entities. Cutting edge has been paid but confirmed it subcontracted some eskom work to the guptaowned company. Jul 10, 2017 mckinsey drawn into south africas gupta business scandal. Sep 14, 2017 mckinsey, kpmg targeted as gupta scandal widens.
Rajat gupta to finish insider trading sentence at his home. As soon as i reported for work,they shipped me off on a training program. The financial times and its journalism are subject to a selfregulation regime under the ft editorial code of practice. Ex mckinsey chief rajat gupta says he was in solitary for weeks in u. He was also the driving force behind major initiatives such as the indian school of business and the public health foundation of india. The story of mckinsey and its secret influence on american business. Behind rajat gupta s dogged attempt to save his reputation. This rajat gupta, sr partner in mckinsey, got hotel. Discount prices on books by mckinsey company, including titles like montana economic development project, final summary. For nine years, rajat gupta led mckinsey and company the first foreignborn person to head the worlds most influential management consultancy. Life as a mckinsey consultant by krishna n venkitaraman mckinsey is like hogwarts. Mckinsey denies involvement in guptalinked businesses the.
Rajat gupta and goldmans insider trading bombshell rajat gupta was trusted by mckinsey, goldman, and amr. Rajat guptas lust for zeros may 17, 20 complete coverage. View anupam guptas profile on linkedin, the worlds largest professional community. Aug 06, 20 the firm gives a historical account of the consulting company mckinsey, referred to as the firm, and a good overview of the management consulting business in general. Mckinsey denies wrongdoing and says it intends to cooperate with the. A trip down memory lane with ex mckinsey chief rajat gupta. Mckinsey has done a relatively good job of staying out of the press over its more than 80 years in business. Ex mckinsey chief rajat gupta says he was in solitary for.
Opinion why cant rajat gupta accept he is guilty of. Shivanshu is a senior partner in mckinseys bangalore office, which he helped found. It is a propulsive narrative filled with boldfaced names from business and politics. The former mckinsey ceo tells his side of the story. Rajat gupta okwe all know about the much storied life of rajat gupta. View richa guptas profile on linkedin, the worlds largest professional community. I had a professional background in economic development and was fluent in the language of business even while having fought and bled politically for organized labor in the auto industry.
Before the launch of his book mind without fear, published by juggernaut books, rajat gupta sat down for an exclusive chat with founding fuels cofounder indrajit gupta. The ex mckinsey heads book reveals his beefs with lloyd blankfein and preet bharara and celebrates his former life among the global elite. Id been working on my history of the legendary consulting organization, the firm. Former mckinsey head rajat gupta still says hes not. The story of mckinsey and its secret influence on american business by duff mcdona. Thats the situation in which i found myself in early 2010, when former mckinsey managing director rajat gupta was first implicated in the galleon insider trading scandal. See the complete profile on linkedin and discover kushagras connections and jobs at similar companies. Were both very grateful for the mckinsey s flexibility in that regard. See the complete profile on linkedin and discover anupams. See the complete profile on linkedin and discover richas. The making and unmaking of rajat gupta by sandipan deb says a racy account of the rise of rajat gupta and the insider trading scandal that felled him.
Leads mckinseys energy and materials work in asia, helping companies in emerging markets transform their performance. Over the years, rajat gupta, a senior partner in mckinsey s mumbai office, has become used to being confused with his former colleague and namesake, rajat gupta. He dishes out criticism of others freely yet doesnt address the. Distrust about the financial sector is a thread that runs through guptas memoir and parallel to his belief in the ideals of mckinsey, which he joined at 24 and retired from threeandahalf. Rajat is a leader in mckinseys global energy and materials sector. In an interview, gupta shares some of the lessons he learnt from the crisisand a lot more. Published on mar 25, 2019 rajat gupta became the first indianborn ceo of a multinational corporation when he was chosen managing director of mckinsey, the global consulting firm in 1994.
Mckinsey worked with trillian after learning of gupta links. Gupta sees this book as the testimony he never gave and it will be the. From head honcho to convicted felon just what happened. Exgoldman director rajat gupta says hes innocent seven. I felt more like a political prisoner, gupta says in the book of his relatively harsh treatment. At times the book is a little hard work as it is heavy on sequences of internal events, but at its best it is truly insightful. Mckinsey, kpmg targeted as gupta scandal widens moneyweb. View kushagra guptas profile on linkedin, the worlds largest professional community.
The reputation of mckinsey, the worlds most important consulting firm, is built on the perception. Reports suggest the contract was lucrative for mckinsey, making up more than half of mckinseys africa revenue. Cult of mckinsey in a new book, duff mcdonald explores the triumphs, and epic failures, of the worlds most famous management consultants. Nov 03, 2017 global consultancy mckinsey worked with a firm in south africa for four months after learning it was controlled by the gupta brothers, business friends of president jacob zuma accused of. Guptas book, written over two years, tackles multiple themes. In a detailed one hour interview subsequently, he described his side of the. Guptas book shows an alarming lack of regret, an alacrity for fingerpointing, and a stubborn refusal to take responsibility. Mckinsey ignored warnings about guptas and trillian to get. She was an electrical engineer, and according to him a much smarter student than himself.
Jan 15, 2018 in one of the most significant moves in the antistate capture drive, south africas asset forfeiture unit obtained an urgent high court order to seize and preserve assets belonging to the gupta. As an aside, two other family members are also at the firm. Sep, 2017 exclusive mckinsey ignored staff warnings in south africa gupta scandal, exemployees say. At the center of it all is south africas gupta family, who gained notoriety after whistleblower accusations surfaced that the gupta s family empirewith business interests in computers, technology, mining, air travel, energy, and mediafor years has been using their close, personal ties with president jacob zuma to control state business. Purpose behind memoir is not to seek redemption or show im not guilty. Later, going through my notes, i realized that of all these people, gupta, then head of mckinsey, was the one man i had totally failed to fathom.
Candid, compelling, and poignant, guptas memoir is much more than a courtroom drama. Purpose behind memoir is not to seek redemption or show i. Publishing rajat guptas memoir may be the big break juggernaut needed the autobiographical story of the former mckinsey chiefs rise and fall should attract lots of people who dont normally read books. Jan 21, 2016 rajat gupta to finish insider trading sentence at his home rajat gupta leaving court in 2011. Shivanshu leads the advanced industries practice in india and is a leader in mckinseys global operations and advanced industries practices. But the sec says he shared insider secrets so a hedge fund could make millions improperly in the market. Rajat gupta married anita mattoo, two years his junior, in 1973 after they had met at iit delhi. He says it is important for the south african public to stay abreast with the revelations of the leaked gupta emails. The financial industry is a little of a zerosum game, and they are much more skilled at trying to figure out how to protect their own interest, gupta said. The mckinsey name was highlighted in an investigation into corrupt deals involving the controversial gupta linked trillian capital partners. Trillian says it was a supplier development partner for business consultants. Rajat gupta reflects on his life journey with founding. Rajat guptas memoir is the biggest gamble of all fortune india. Former mckinsey chief rajat gupta, the first nonamerican to hold this position and later sentenced for an insider.
So pervasive is the firms influence today that it is hard to imagine the place of business in the world without mckinsey, wrote duff mcdonald, author of the firm, a 20 book about. The story of mckinsey and its secret influence on american business mcdonald, duff on. Sep 14, 2017 ajay and atul gupta speak to the city press from the new age newspapers offices in midrand. Out of jail, ceo friends in india toast prodigal rajat gupta. Rajat is a leader in mckinsey s global energy and materials sector. Jul 29, 2015 mckinsey loses more than 40 consultants, including 14 of indias top team in the past 18 months companies like myntra and snapdeal have so far hired 810 mckinsey consultants each, paytm will have another 89. Mckinsey has published the mckinsey quarterly since 1964, funds the mckinsey global institute research organization, publishes reports on management topics, and has authored influential books on management mckinsey was founded in 1926 by james o. Gupta s book, mind without fear, to be published next week, tells the story of how his career unraveled.
Kpmg, mckinsey feel the heat over south africa graft scandal. In this book he describes his lifes journey from humble origins to a world of fame and fortune and finally with a cruel twist of fate, a life incarcerated in an american penitentiary. Oct 30, 2017 two banks drop mckinsey in fallout from south africa scandal. Behind rajat guptas dogged attempt to save his reputation. Guptas book, mind without fear, to be published next week. The mckinsey 7s model is a tool designed to help business owners and managers understand how aligned their organization is, and where it can be improved. Guptalinked trillian says it has proof against mckinsey enca.
Not to be confused with his namesake, the top executive who served time in a us federal prison. In 2011, to the shock of the international business community, gupta. It also said four kpmg partners shouldnt have attended the gupta. Finance people will eat you for lunch, rajat guptas wife. Exmckinsey chief rajat gupta on trump firing preet bharara. Buy mind without fear book online at low prices in india mind. Mckinsey ignored warnings about guptas and trillian to get eskom deal. Rajat gupta at off the cuff, former mckinsey executive rajat gupta says no grand strategy behind book. Mckinsey global institute we appreciate the vital input and support of numerous mckinsey colleagues around the world. He has worked in mckinseys delhi and boston offices, serving clients across north america, europe, india, and china. Nov 15, 2016 out of jail, ceo friends in india toast prodigal rajat gupta s homecoming former mckinsey boss was back in india last week for what one of those who met him described as a soulsearching mission. Mckinsey turns on its own as explosive sagupta graft. Mckinsey, a global consultancy firm, is caught up in the worst corruption scandal ever in democratic south africa. Gupta invited to the triennial meeting in boston in june of the firms retired.
Mckinsey faces legal action over guptalinked eskom saga fin24. It has been identified as among the companies to have benefited from the guptazuma state capture campaign played out across south african stateowned entities. So far, mckinsey hasnt taken any responsibility for the role of its south african. Buy mind without fear book online at low prices in india.
Sep 19, 2017 charges of fraud racketeering and collusion are to be laid against international consultancy firm mckinsey in connection with their facilitation of deals between the controversial gupta family. In june 2012, he was found guilty of tipping off a hedge fund founder about corporate secrets. How mckinsey lost its way in south africa the new york times. Quartz spoke with gupta last month about his book and some of the topics raised in it, including his time in prison, the details of his case, and. As you might guess from the title, there are seven elements which make up this model strategy, structure, systems, shared values, skills, style, and staff. Rajat gupta was and is an exemplary human being who for the most part had the good fortune of living a venerable life. Rajat gupta on not testifying in his trial the former managing director of mckinsey who was imprisoned for insider. Bright middle class boy, went to iit, then the harvard school of business and build a spectacularly successful career in mckinsey and co. Rosettabooks and juggernaut to publish memoir by rajat. Rajat gupta convicted of insider trading the new york times.
Mind without fear and millions of other books are available for instant access. This book goes some way to revealing the rationale and the mind set of clients and the culture within mckinsey that helps support this. Rajat gupta, a former mckinsey chief executive and goldman sachs board. In particular, we would like to thank rajat kumar gupta, mckinsey consultant 1973 2007, for his support through the last two years. View kushagra gupta s profile on linkedin, the worlds largest professional community. Perhaps the most notable recent attention was the criminal case against the firms former head, rajat k. Exclusive mckinsey ignored staff warnings in south africa. Aug 15, 2017 for rajat gupta, returning is a hard road. Gupta is out with a book on his time in jail, the prelude and the epilogue. Jan 17, 2018 mckinsey s statement comes after the npa goes to court to recover about r1.
1408 788 1161 267 139 1532 843 901 582 1260 993 479 1496 1234 583 1380 70 964 1545 1204 1056 914 54 303 516 789 396 750 1111 749 1460 1089 1391 1010 566 1356 954 107