Word: co
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Dates: during 2000-2009
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Prosecutors in Manhattan said they broke up a major insider-trading ring, the largest ever centered in the hedge-fund industry. Raj Rajaratnam, a billionaire co-founder of the Galleon Group, and five others were arrested and charged with earning $20 million off stock trades on the basis of information unavailable to the public. Rajaratnam, whose firm manages $3.7 billion, allegedly relied on a broad network of sources, including executives at IBM and McKinsey & Co., for lucrative tips; one leak about a Google earnings report yielded his firm $8 million in profits in 2007, authorities said. The investigation...
...powerhouse, but ever since last year's signing of a civilian nuclear agreement between the U.S. and India, Beijing has become increasingly uneasy with India's growing clout. "It's a competition between two systems: chaotic, undergoverned India and orderly, overgoverned China," says Mohan Guruswamy, an Indian and a co-author of Chasing the Dragon, a new book about the two countries' economic rivalry. That competition continues, with the U.S. trying to keep close ties to both sides in a difficult balancing act that may turn out to be the most important geopolitical challenge facing Washington this century...
Teitelman is editor in chief of The Deal, which is owned by Wasserstein & Co...
Dees is the co-founder and chief counsel for the Southern Poverty Law Center
...likely to be brewing over the new SEC Commissioner's interest in pushing to allow shareholders to nominate independent members to corporate boards. "They will accept all kinds of stimulus funds and bailouts but God forbid we should ask for any kind of accountability in return," says Nell Minow, co-founder of Corporate Library, a corporate governance research firm...