"This goes to the heart of the market's credibility," Connelly, the business school dean, said of the SEC's insider- trading lawsuit against Gupta. "All the SEC has done today is introduce the possibility that this kind of chicanery has gone on at what can only be called the highest levels."
A former managing director at Goldman Sachs described McKinsey yesterday as the psychiatrist-in-chief for corporate America. The executive asked not to be identified because of the SEC case. If Gupta is guilty, the person said, pointing out that the "if" is necessary because the charges are so extraordinary, it means you can trust no one.