Bill Gates knows the importance of education, even if he did drop out of Harvard University to start Microsoft . That’s why he’s promoting “ Waiting for Superman ,” Oscar-winner Davis Guggenheim ’s new documentary on the sorry state of U.S. public schools.
Richard “Rick” Schutte , the ex- president of hedge-fund company Galleon Group LLC, sparred with a prosecutor at the insider-trading trial of Raj Rajaratnam over the nature of competition, pressure and investor expectations.
Hedge-fund icon Stanley Druckenmiller is quitting the business after three decades, telling investors he’d been worn down by the stress of trying to maintain one of the best trading records in the industry while managing an “enormous amount of capital.”
The gallery at the Raj Rajaratnam insider-trading trial attracts many of the same onlookers each day. None may be more interested in the outcome than a former Galleon Group LLC trader who today was sitting in the third row.
Galleon Group LLC co-founder Raj Rajaratnam , at the center of largest crackdown on hedge-fund insider trading in U.S. history, didn’t take the witness stand as jurors heard one last wiretapped recording in his trial.
Raj Rajaratnam ’s defense to insider trading charges opened yesterday with witnesses who contradicted key government testimony and told the jury how extensive Galleon Group LLC’s research operation was.