Bain's Orit Gadiesh talks insider trading
Published: Apr 29, 2011
In an interview published by the Financial Times today, Bain chairwoman Orit Gadiesh says that the consulting industry hasn't been "tainted" by McKinsey's involvement in the Raj Rajaratnam insider trading scandal. She also talks about what Bain does to ensure that its consultants don't engage in illegal information-sharing behavior, including the strict rule that Bainies aren't "allowed to trade on anything that anyone in the company works with."
"When I became chairman," she says in the interview, "just for myself, I said I would never trade in stock directly anywhere in the world because I don’t know where in the world we might be working."
She also notes that Bain hasn't received any questions or concerns from its clients in the aftermath of the insider trading scandal.
FT reports that Bain "faced similar problems" in the 80s when working on behalf of Guinness, though no Bain consultant was ever charged with a crime.
Check out the interview here.
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