American Dreams…made in India”
Some weeks ago American Indians made the headlines in the US and shocked the financial world not only in New York and USA in particular, but practically the world. Rajat Gupta, an Indian orphan migrated to the US as a youngster.
A former CEO of McKinsey and Goldman Sachs board member, he was found guilty on four out of six counts of insider trading on June 15. Gupta was a household name in the financial capital of New York having friends such as Presidents Bill Clinton, George Bush and many top executives in the corporate world. He contributed tremendously to various institutions and charitable activities in both USA and India.
He brought such disrepute not only to his family, but to a great extent, to his top level friends’ circle in both countries.
Primarily the legal expenses amounting millions of US dollars are footed by Goldman Sachs, the investment bank with the condition that he would have to pay back if he loses his appeal. And the most tragic thing is: Preet Bharara US Attorney for New York, another Indian American, who is known as a hard-charging prosecutor, convicted Gupta who may be sentenced for 25 -65 years to a lowly jail cell from lofty boardroom.
Many American Indians have earned laurels in various lucrative professions, but there are those who’ve gained notoriety too.
Indians in general and Goans in particular are treated all over the world as “faithful servants” and are offered jobs in high positions mainly due them being honest and hard working. Publicised notorious incidents do not augur well for us; in the process, prospective employers and investors would have to think twice before employing our youth. Is success going to our heads or is it a question of greed? Let’s hope our leaders learn lessons from such incidents and teach future generation business ethics, honesty and hard work, which will bring prosperity to our mighty nations. God Bless America (and God Bless India too!)