Scott Jaschik at Inside Higher Ed: MIT Again Reviews Status of Women. See also: this NYTimes report.
Rajat Gupta steps down from the Chairmanship of ISB Board. He's also counter-suing SEC.
Quote of the Day:
Good judgment comes from experience. Experience comes from bad judgment.
-- attributed to Mark Twain and a whole lot of others.
I don't know why folks are so stuck-up about insider-trading! Many economists seem to say that insider-trading should be encouraged, rather than discouraged - that way a company's stock value will respond more quickly to new information about the country. It seems that it has been deemed a crime only because of jealousy that some people with inside-information have unfair advantage in trading a company's stocks. Perhaps it would be good to focus on immoral behavior rather than violation of silly laws.
Looking at the principal names in this scandal: Rajat Gupta, Anil Kumar, Raj Rajaratnam, one of some conclusions ) can be drawn:1. Despite being global business leaders and Americans, these guys prefer to stick to their ghetto mentality2. It is hard to believe that 2 top McKinsey guys are inside traders and others are all innocent. The problem is probably endemic to the organization, but for some reason the Indian-American community is being targetted as its getting too big for its shoes3. Gupta, who is supposed to be worth ~$150 million did this stuff for small change. Possibly, like the soap makers who who make their billions from small bars of soap, Gupta has a large chunk of his fortune due to such means, i.e. he must be involved in several such cosy deals
Read thishttp://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-the-management-consultancy-scam-2057127.htmlWhy these fake expressions of dismay? Why would people hold in high esteem the figure head of an industry of middlemen and snake oil salesmen?Most people are afraid to speak out because they dont want to scupper their chances of a future lucrative job at one of these consulting firms.
The link for MIT again reviews... is that for the Rajat Gupta story. Please fix.
@NangaFakir: Thanks for the alert. The link is fixed now.
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