Anita Raghavan: The Billionaire’s Apprentice
Just as WASPs, Irish-Catholics, and "Our Crowd" Jews once made the ascent from immigrants to power brokers, 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.
When The Galleon Group, one of the world's largest hedge funds, was brought down by an insider trading scandal in 2009, the convictions of the fund's founder, Raj Rajaratnam, and his accomplice, Rajat Gupta, transformed them overnight from Horatio Alger immigrant success stories to Shakespearean tragedies. Wall Street was shocked, the government cracked down harder than ever, and the Indian American community felt betrayed and humiliated that Gupta, the eminence grisé of Indian business, had fallen from grace.
Please join veteran journalist and former Wall Street Journal reporter Anita Raghavan as she discusses her latest book, The Billionaire’s Apprentice: The Rise of The Indian-American Elite and The Fall of The Galleon Hedge Fund, with Edward R. Allen III, Vice Chair of Asia Society Texas Center.
Light reception: 6:30 pm
Program: 7:00 pm
About Anita Raghavan
Anita Raghavan spent 18 years as a reporter at the Wall Street Journal, where she won the Overseas Press Club award and the New York Press Club award. In 2008, she became the London Bureau Chief for Forbes. Currently, she is a contributor to New York Times Dealbook and Forbes.