Later on, in 1984, he was elected as a senior partner and was subsequently promoted to the position

of the head the Chicago office in 1990. Thereafter, in 1994, he became the firm’s first Managing
Director born outside of the USA. He was re-elected again in 1997 and 2000. Rajat Gupta is widely
regarded as the poster boy of Indians scaling great heights and breaking the glass ceiling to become
the first India-born CEO of a Multinational Corporation. During his tenure as the CEO, Mckinsey &
Company grew exponentially to open offices in 23 new countries and doubled its consultant base to
891 partners, increasing revenue by 280% to $3.4 billion. Along with the accomplishments at
Mckinsey & Company, Gupta was appointed as a trustee for the Rockefeller Foundation. He was also
appointed as a special advisor on management reform to then UN Secretary General, Kofi Annan.
Not just that, he is also the co-founder of one of the best management schools in India, the Indian
School of Business in Hyderabad. While all the aforementioned details speak volumes about the
success and heights reached by Rajat Gupta, one fine day something happened, which made
everyone remember him for something else. In 2009, the SEC filed an administrative civil complaint
against Rajat Gupta on account of insider trading with Galleon Group co-founder Raj Rajaratnam. Raj
Rajaratnam Raj Rajaratnam is a former Sri Lankan-American hedge fund manager and the co-
founder of the Galleon Group; a hedge fund management firm. His family moved to England in 1971.
He studied engineering at the University of Sussex and later attended the Wharton School to earn
his MBA. 3 Rajaratnam started his career as a lending officer at Chase Manhattan Bank where he was
a specialist in lending loans to technology companies. After this, he joined the investment banking
firm, Needham & Company where he specialized in the consumer electronics industry. There, he
rose through the ranks quickly and at the age of 34, became the president of the firm.