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The Billionaire's Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund | [Anita Raghavan]

The Billionaire's Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund

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 émigrés (and children of émigrés) rose through the ranks. Until now....
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Publisher's Summary

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 émigrés (and children of émigrés) 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 crisscrosses 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.

©2013 Anita Raghavan (P)2013 Hachette

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  •  
    Alex BOSTON, MA, United States 07-25-13
    Alex BOSTON, MA, United States 07-25-13 Member Since 2011
    HELPFUL VOTES
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    "Utterly ridiculous performance"
    What would have made The Billionaire's Apprentice better?

    Every time an Indian character speaks in this book, they are given a stupid imitation Indian accent. Even emails and instant messages by Indian characters get the same Saturday-night live treatment. You get a middle aged white guy spending the whole book putting on this stupid accent.

    If the author countenanced this, it was an incredible mistake. Even if the intent was to honor the ethnic mannerisms of the characters, this approach overlooks that when one is reading, they don't assign characters any particular accent. Having to listen to this completely takes the reader out of the book.






    2 of 2 people found this review helpful
  •  
    A. Malshe NY, USA 12-10-13
    A. Malshe NY, USA 12-10-13 Member Since 2010
    HELPFUL VOTES
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    "Narrator ruins the experience"
    What didn’t you like about Dan Woren’s performance?

    Dan, for some strange reasons, decided to speak the lines of Indian characters in a made up accent. It sounds like a combination of Arnold Schwarzenegger and Apu from Simpsons. All the Indian characters sound exactly the same. It doesn't matter whether the Indian person was born and brought up in the USA. Every time Dan spoke in this weird accent I cringed. It killed the book for me. Unfortunately the sample didn't play his Arnold-Apu accent.


    1 of 1 people found this review helpful
  •  
    Kate Santa Barbara, CA, United States 01-18-14
    Kate Santa Barbara, CA, United States 01-18-14 Member Since 2010
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    "Fascinating Story--Well-told"
    Would you listen to The Billionaire's Apprentice again? Why?

    No--I only listen to a book once. I have so many to listen to that I would not have time to re-listen.
    Also, I find that when I listen to a book I comprehend so much more of it.


    Who was your favorite character and why?

    Raj Gupta--I had just finished listening to a book about McKinsey, his former employer, and was fascinated by how such a successful and beloved person could have done what he did to get convicted.


    Have you listened to any of Dan Woren’s other performances before? How does this one compare?

    No


    Was there a moment in the book that particularly moved you?

    The convictions of the two major characters.


    Any additional comments?

    This book was so well-written that it "read" like a novel. The detail of how the Indian elite conquered business in the U.S., and how some of them fell, was fascinating. One of my favorite books from 2013.

    0 of 1 people found this review helpful
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