Why did McKinsey’s former CEO go to jail?

Rajat Gupta was one of America’s most successful Indian-born businessmen. In 1994, he became McKinsey’s youngest chief executive and the first who had been born outside of the US. Duing his nine-year leadership, McKinsey’s revenues grew from $1.5 billion to $3.4 billion, its number of consultants went from 3,300 to 7,700, and from having 58 offices in 24 countries, it expanded to 81 offices in 44 countries. But in 2010, Gupta was charged with insider trading, a crime for which he was convicted in 2012, and for which he spent two years in jail. Gupta told his side of the story in his 2019 book Mind Without Fear. In this episode, we bring you audio from 2019, when Gupta spoke to John Paul Rollert, an adjunct associate professor of behavioral science, and a columnist for Chicago Booth Review.