How about this for a story? A man leaves India for Omaha with $58 in his pocket. He starts a company in 1972 that reaches peak revenue of $400 million, spends a night in the Lincoln bedroom, puts Bill Clinton on its payroll, sails Bill on his 80-foot yacht with an all-female crew
and flies Hillary Clinton to campaign events on his corporate jet.
He's happy — despite getting sued by shareholders, being pushed out as CEO, incurring over $12 million in debts to settle shareholder lawsuits, and using insurance to pay $13 million to settle a lawsuit
He's happy — despite getting sued by shareholders, being pushed out as CEO, incurring over $12 million in debts to settle shareholder lawsuits, and using insurance to pay $13 million to settle a lawsuit
alleging that he sold his company — netting him $150 million for his 40% stake — at too low a price.
The man is Vinod Gupta, former CEO of InfoUSA, a company that built a database that marketers use to sell everything from consumer products to politicians.
The man is Vinod Gupta, former CEO of InfoUSA, a company that built a database that marketers use to sell everything from consumer products to politicians.
Gupta got himself into a larger-than-life heap of trouble.
According to the New York Times, a 2006 lawsuit filed against Gupta by disgruntled shareholders — Connecticut-based hedge funds, Dolphin Limited Partnership and Cardinal Capital Management —
According to the New York Times, a 2006 lawsuit filed against Gupta by disgruntled shareholders — Connecticut-based hedge funds, Dolphin Limited Partnership and Cardinal Capital Management —
charged that Bill Clinton and current presidential candidate, Hillary Rodham Clinton, took a January 2002 family vacation to Acapulco on InfoUSA’s private jet — costing the then-public company $146,866.
Gupta also financed a voyage for Bill on American Princess, the $3 million,
Gupta also financed a voyage for Bill on American Princess, the $3 million,
80-foot yacht with an all-female crew bought with InfoUSA funds, according to the lawsuit.
He helped Hillary as well. In January 2004 InfoUSA paid $18,480 — about $2,000 of which was reimbursed — to fly Mrs. Clinton “and her four-person entourage” to New York from New Mexico,
He helped Hillary as well. In January 2004 InfoUSA paid $18,480 — about $2,000 of which was reimbursed — to fly Mrs. Clinton “and her four-person entourage” to New York from New Mexico,
where she had made a campaign appearance and attended a book signing, according to the lawsuit.
But that was only the tip of the iceberg. As the Times wrote, “InfoUSA paid Mr. Clinton more than $2 million for consulting services, and spent almost $900,000
But that was only the tip of the iceberg. As the Times wrote, “InfoUSA paid Mr. Clinton more than $2 million for consulting services, and spent almost $900,000
to fly him around the world for his presidential foundation work and to fly Mrs. Clinton to campaign events [when she was running for Senate in New York.”
Source and More reading: hideoutnow.com/2019/12/exclus…
Source and More reading: hideoutnow.com/2019/12/exclus…
