Blog Archive MBA News MBA Alumni in the News for the Wrong Reasons

Blog Archive MBA News MBA Alumni in the News for the Wrong Reasons Last week, an insider trading drama at SAC Capital, one of the world’s largest hedge funds, hit the front pages. While the world waits to find out if SAC founder Stephen A. Cohen will be charged along with Stephen Martoma, one of his former money managers, we cannot help but wonder if the alumni offices at the Wharton  School  and the Stanford Graduate School of Business (GSB)  are getting a bit antsy. Martoma, a Stanford GSB graduate, and Cohen, a Wharton college graduate, could be trading blows and implicating each other in court, keeping the two schools that educated this duo in the public eye for months. This brewing insider trading scandal comes on the heels of a sensational scandal that has just left the front pages and also involves graduates of top schools. In May 2011, Wharton graduate Raj Rajaratnam was found guilty on 14 counts of conspiracy and securities fraud; his colleague, Rajat Guptaâ€"a graduate of Harvard Business Schoolâ€"was accused of passing tips to Rajaratna m and was recently sentenced to two years in prison. Of course, these schools have tens of thousands of alumni, and  painting them all  with the same  brush would be wrong. Still, the headlines are certainly unwelcome, and these schools would be more than happy to see them recede. Share ThisTweet News