NEW YORK: Barclays and Bank of America threaten to divorce Raj Rajaratnam

Everybody is talking trash about Raj Rajaratnam, including his former paramours Barclays Bank and Bank of America. The did a report yesterday, suggesting that these banking giants are planning to divorce their former wonder boy.  The speed and scope of redemptions has left Galleon’s traders hurrying to liquidate investments. Many of them are said […]

Diary of Asha Pabla Day five: I can’t cope

Dear Diary, My husband is trying to keep his spirits up but it is a struggle. His diabetes has been behaving erratically too and we’ve had a few insulin incidents. This is hard. This morning I looked at him as he sat reading the Financial Times in his favorite chair and I felt so sorry for him, […]

INDIA: Indian School of Business (“ISB”) divorces McKinsey director Anil Kumar following arrest for insider trading in New York

Hyderabad, India The prestigious, globally well-regarded Indian School of Business’ (“ISB”) reputation has been tarnished with the recent arrest of one of its board members, Anil Kumar, who is also senior partner at McKinsey & Co. here in the United States. The charges stem from an SEC probe and is a result of “infectious greed” […]

NEW YORK: Asha, Asha, Asha! Are Raj’s attorney fees going to dissipate marital assets to your detriment?

Raj Rajaratnam’s wife and the marital assets One of America’s wealthiest individuals, Raj Rajaratnam’s, is in big trouble and his legal woes could strain marital assets to the detriment of his wife Asha Pabla and the couple’s three children. Raj, a self-described family man and a manager of the $8 billion hedge fund Galleon Group, […]

NEW YORK: The Martha Stewart/Kmart divorce comes on the heel of Danielle Chiesi’s arrest for insider trading alongside Raj Rajaratnam

Martha and Martha Stewart Omnimedia and Kmart have parted ways. The threesome had, what I guess you can call, a divorce. Martha put out a press release basically waxing poetic about the relationship the three had and that it was “productive” and that she wished them well post-breakup. Some speculate that Martha Stewart Omnimedia “cheated” […]

NEW YORK: Raj Rajaratnam’s wife Asha Pabla must be wondering if October is a good month to file for divorce / CC BY 2.0 Yet another billionaire on Wall Street hits the skids. This time it is Sri Lankan American hedge fund manager extraordinaire, Raj Rajaratnam. Breaking news today is that Raj has been arrested and charged with insider trading along with some other high profile executives at IBM and a few other notables. My big […]

The Wall Street Divorce Handbook (Outline)

Wall Street wives and husbands need a divorce guide. I’ve decided. So I’ve been working on a handbook and I wanted to share the outline of it. If you are a Wall Street husband or wife, you should take note. Here is my rough outline of a divorce handbook for Wall Street husbands and wives: […]

Wall Street CEOs switch property to their wives’ names; but what happens if they divorce?

Chrysler CEO Robert Nardelli, Ex Merrill Lynch CEO Stanley O’Neal, and former Lehman Brothers’ CEO Dick Fuld are all CEOs who have allegedly transferred property into their wives’ names for a very small sum, (or in legalese “consideration”  sometimes as little as $100), even though the property is worth several million dollars. I wonder what the rational […]