Rajat Gupta's Tragic Ambition

Jurors weighing the insider-trading case against Raj Rajaratnam in a Manhattan federal courtroom are hearing plenty about Rajat Gupta, the former head of McKinsey. They've listened to a wiretap on which he confided to Rajaratnam that the Goldman Sachs (GS) board, on which he sat, discussed acquiring Wachovia or American International Group (AIG).

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