The Billionaire's Apprentice by Anita Raghavan
The Rise of The Indian-American Elite and The Fall of The Galleon Hedge Fund

72%

6 Critic Reviews

Compelling in its specificity and intriguing in its portrayal of leading financial institutions and their malfeasance.
-Kirkus

Synopsis

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 emigres (and children of emigres) rose through the ranks. Until now...

The collapse of the Galleon Group--a hedge fund that managed more than $7 billion 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 criss-crosses 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.

 

About Anita Raghavan

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Anita Raghavan was born in Malaysia but came to the United States in 1970. A graduate of the University of Pennsylvania, she spent eighteen years at the Wall Street Journal where she won the Overseas Press Club award for her coverage of the mergers and acquisition boom in Europe, and the New York Press Club award for her reporting on the the near death of the hedge fund Long-Term Capital. In 2008, she became the London Bureau Chief for Forbes. Currently she is a contributor to New York Times Dealbook and Forbes.
 
Published June 4, 2013 by Business Plus. 513 pages
Genres: Biographies & Memoirs, Business & Economics, Political & Social Sciences, Professional & Technical. Non-fiction
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Critic reviews for The Billionaire's Apprentice
All: 6 | Positive: 5 | Negative: 1

NY Times

Below average
Reviewed by Frank Partnoy on Jun 27 2013

“The Billionaire’s Apprentice” is not without flaws. The title is confusing...Some names are misspelled...Many sources are anonymous and quotes “recreated.”

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WSJ online

Good
Reviewed by STEWART PINKERTON on Jun 16 2013

Ms. Raghavan...has written a briskly paced account full of fascinating detail, with chapters that switch deftly back and forth between the two main characters.

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Kirkus

Good
on Apr 16 2013

Compelling in its specificity and intriguing in its portrayal of leading financial institutions and their malfeasance.

Read Full Review of The Billionaire's Apprentice:... | See more reviews from Kirkus

Financial Times

Good
Reviewed by Ravi Mattu on Jun 26 2013

All strands are compellingly told, but it is Raghavan’s effort to unpick what motivated Gupta that is most striking.

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LA Times

Good
Reviewed by Ravi Mattu on Jul 19 2013

It is a deeply researched, fascinating and well-written account by Anita Raghavan of the scandal that brought down Galleon...provides a gripping account of a story that is Shakespearean in its drama. And she argues, persuasively, that the case is about more than criminality.

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The Economist

Above average
on Jun 01 2013

Some day, someone will write a great book about the rise of Indian-Americans. In the meantime, this is a rollicking story of hubris and the suffering it brings.

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