Saturday, May 19, 2012

Gupta trial could feature big corporate stars





Reuters reports that Lloyd Blankfein, Warren Buffett and other well-known chieftains of corporate America might be called to testify at the insider trading trial starting on Monday of former Goldman Sachs  and Procter & Gamble director Rajat Gupta.

Blankfein, who runs Goldman, and Buffett, who runs Berkshire Hathaway , are among dozens of people that lawyers for the government and for Gupta said on Thursday might be mentioned or might testify at the trial, which is expected to last about three weeks.

Others on proposed witness lists filed on Thursday in the Manhattan federal court are A.G. Lafley, a former P&G chairman and chief executive, and Kenneth Chenault, the chairman and chief executive of American Express Co and a P&G director.

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