{"id":9122,"date":"2011-03-10T09:47:21","date_gmt":"2011-03-10T07:47:21","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=9122"},"modified":"2011-03-10T09:47:24","modified_gmt":"2011-03-10T07:47:24","slug":"are-these-the-people-we-want-to-run-the-nhs","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/03\/10\/are-these-the-people-we-want-to-run-the-nhs\/","title":{"rendered":"Are these the people we want to run the NHS?"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/144e6728-4a87-11e0-82ab-00144feab49a.html?ftcamp=rss&amp;ftcamp=crm\/email\/201139\/nbe\/InTodaysFT\/product\">FT reports this morning<\/a>:<\/p>\n<blockquote>\n<p style=\"padding-left: 12px; margin-top: 0px; margin-bottom: 1.3em;\">The vast investigation into insider trading on Wall Street that culminated this week in <a class=\"bodystrong\" style=\"text-decoration: none; color: #003399; font-weight: bold;\" title=\"FT - Galleon billionaire to face accusers\" href=\"http:\/\/www.ft.com\/cms\/s\/0\/b8660ab2-481d-11e0-b323-00144feab49a.html\">Raj Rajaratnam<\/a> going on trial in New York accused of <a class=\"bodystrong\" style=\"text-decoration: none; color: #003399; font-weight: bold;\" title=\"FT In depth - Inside trading scandal\" href=\"http:\/\/www.ft.com\/indepth\/rajaratnam-galleon-insider-trading\">securities fraud<\/a>was always likely to ensnare a large institution \u2014 perhaps a big hedge fund or a Wall Street bank. No one, however, expected the institution in question to be McKinsey &amp; Co.<\/p>\n<p style=\"padding-left: 12px; margin-top: 0px; margin-bottom: 1.3em;\">It was bad enough for the blue-chip management consultancy when <a class=\"bodystrong\" style=\"text-decoration: none; color: #003399; font-weight: bold;\" title=\"FT - Kumar to appear in court in Galleon case\" href=\"http:\/\/www.ft.com\/cms\/s\/0\/48cfb37e-fb2a-11de-94d8-00144feab49a,s01=1.html#axzz1FrgaNxuY\">Anil Kumar<\/a>, one of its partners, admitted to supplying Mr Rajaratnam with inside information in return for bribes (Mr Rajaratnam denies all charges). But the Securities and Exchange Commission&rsquo;s claim last week that <a class=\"bodystrong\" style=\"text-decoration: none; color: #003399; font-weight: bold;\" title=\"FT - Ex-Goldman director in insider case\" href=\"http:\/\/www.ft.com\/cms\/s\/0\/c3a18da0-4432-11e0-931d-00144feab49a.html#axzz1FrgaNxuY\">Rajat Gupta<\/a>, who was the head of McKinsey between 1994 and 2003, passed on tips as a board member of<strong><a style=\"text-decoration: none; color: #003399;\" href=\"http:\/\/markets.ft.com\/tearsheets\/performance.asp?s=us:GS\">Goldman Sachs <\/a><\/strong>and <strong><a style=\"text-decoration: none; color: #003399;\" href=\"http:\/\/markets.ft.com\/tearsheets\/performance.asp?s=us:PG\">Procter &amp; Gamble<\/a><\/strong>, is a heavy blow.<\/p>\n<\/blockquote>\n<p>That's interesting in itself - and yet more suggested evidence that the culture of corruption that swept organisations <a href=\"http:\/\/www.irs.gov\/newsroom\/article\/0,,id=146999,00.html\">like KPMG with regard to tax fraud around <\/a>the tunr of the century spread far and wide in the consulting sector.<\/p>\n<p>What's the relevance? Well, McKinsey are apparently advising 20% pf the new GP consortia who are going to run the NHS. And KPMG a pile more.<\/p>\n<p>Are these the sort of people we want running our health service?<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FT reports this morning: The vast investigation into insider trading on Wall Street that culminated this week in Raj Rajaratnam going on trial in<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/03\/10\/are-these-the-people-we-want-to-run-the-nhs\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,128],"tags":[],"class_list":["post-9122","post","type-post","status-publish","format-standard","hentry","category-corruption","category-nhs"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=9122"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9122\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=9122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=9122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=9122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}