This week the court will hear Rajat Gupta's appeal for a new trial. No surprise, this enigmatic character is being deconstructed yet again in brandname media. THE NEW YORK TIMES MAGAZINE has a long feature by Anita Rghavan on him.
However, it doesn't offer any new pieces to solve the puzzle of who this square-jawed striver is. Rehashed are the details about his rise to influence, which wasn't enough for him. Financially he had plateaued at being a millionaire and chased being a billionaire. Not new either are the legal details. Those following the indictment, trial, and conviction already know that the evidence was circumstantial. Not once had he been heard on the government wiretaps of former hedge fund Galleon allegedly providing non-public information that could lead to trading gains. In addition, it again presented, as did so many other media properties, the Machiavellian talents of Galleon head Raj Rajaratnam to discern what people like Gupta emotionally needed, provide it to them, and therefore be able to take them over.
The article, however, does present some small updates on what once dominated the news - business, legal, and general. For example, it tells us that Gupta now sits in his Westport, Connecticut home library overlooking the pool working on his appeal. Also, it speculates on the odds of a comeback. That betting is risky stuff because, with changing social values and digital tools, many more options are available to reinvent a powerful and profitable new identity. Disgraced Henry Blodget oversees commercial success BUSINESS INSIDER.
One wonders if Gupta will continue to be a platform for supposedly insightful articles and books, like the Kennedy dynasty. Or will he fade like former New York governor Eliot Spitzer. It could be the former. After all, I took the time to pore over what Raghavan had decided to add to the pile of Gupta deconstructions.