Time, as we know is money, so why waste it on proper names, especially when nicknames are much more fun?
The Wall Street Journal reported today on emails between convicted Galleon Group founder Raj Rajaratnam and Goldman Sachs sales manager that show a cozy relationship between the pair:
In the emails, Mr. Loeb often addressed Mr. Rajaratnam with nicknames like “Dr RR” and “big daddie” and signed off his emails with CBF, which colleagues have said stands for “chunky but funky.”
The emails were entered into court records during the trial of former McKinsey & Co. chief executive Rajat Gupta, who was found guilty last week of passing confidential information about Goldman Sachs to Mr. Rajaratnam—defense counsel had hoped the documents would show that Galleon had a source inside Goldman Sachs other than Mr. Gupta, but Judge Jed Rakoff prevented jurors from reviewing the emails after prosecutors argued the documents were not material to the information Mr. Gupta was accused of sharing
According to The Journal, Mr. Rajaratnam was listed on one document as Mr. Loeb’s top client for “Pan Asian” sales, and Mr. Loeb was captured on wiretap sharing production numbers for Intel and Apple with the now-imprisoned Galleon Group manager. A lawyer for Mr. Loeb toldThe Journalthat the numbers discussed on the wiretap were not “not price-moving or a basis for buying or selling the stock.”
Mr. Gupta is scheduled for sentencing on Oct. 18. His attorneys have indicated that Mr. Gupta intends to appeal.
[Mario Tama/Getty Images News]