Authored by Krishn Kaushik, the profile is titled “Capital Reporter”, with the strapline “How profit and principle shaped the journalism of Shekhar Gupta”.
# The son of a minor bureaucrat from Haryana, Shekhar Gupta‘s annual salary at The Indian Express sometimes exceeded Rs 10 crore ($1.6 million) per year. Current chief editor Raj Kamal Jha got Rs 1.25 crore, Jaideep “Jojo” Bose of The Times of India was paid under Rs 2 crore.
# Shekhar Gupta made Rs 36.67 crore in “capital gains” in 2009-10, through the demerger of the Indian Express‘s real estate wing and the newspapers, which resulted in the sale of the iconic Express Towers at Nariman Point in Bombay.
# Gupta is not too bothered with his exit from The Indian Express or his even hurried exit from India Today: “Look, I am a bit of a big fish right now for these factors to bother me now.”
# A senior television journalist is quoted as saying: “He is a social terrorist. He will look at you for five seconds, then look at the next person coming in.” Congressman Mani Shankar Aiyar says Gupta once “cut me dead and walked away” at a party.
# Paranjoy Guha Thakurta: “He looks down upon you [if you are unable to make use of the opportunities the free market throws up, work hard and make it to the top].”
# After interviewing over 50 people, the reporter Krishn Kaushik writes that “detractors of the ‘Shekhar Gupta phenomenon’ contended that Gupta’s wealth compromised the “Journalism of Courage” he promoted at the Indian Express.
# Gupta categorically says: “Nobody can ever find a paisa which will be a surprise to my taxman or to any of my employers.”
# When an Indian Express report on the alleged violations in the acqusition of land for Reliance Industries chief Mukesh Ambani‘s Antilla tower was to appear in the Bombay edition, he called resident editor Samar Halarnkar “from a train in Italy” although in fairness, he did not block the story.
# Krishn Kaushik writes that at least half-a-dozen current and former members of the Express news team gave the reporter “specific instances” of stories being killed, allegedly without discussion with those reporting them—stories that went against a top industrialist, a cabinet minister, a real-estate group.
# One journalist described how Gupta once had him debrief a foreign government agency, which seemed irrelevant to any of the stories he was working on.
# Former Union home and finance minister P. Chidambaram was the ‘holy cow’ in the Express newsroom. “You could not criticise him.” The Express staff “sort of had the feeling that the Ambanis were untouchable.”
# Around the time Shekhar Gupta became CEO of Express, a gentleman called B.S. Raman would come to Express Towers in Bombay for a few hours every day from the nearby Reliance Industries’ office at Maker Chambers. Raman tells the reporter he was asked by his office to help Viveck Goenka‘s company.
# A Express staffer told the reporter that the C-story “The January night Raisina Hill was spooked” had been pushed by P. Chidambaram, who was then the home minister, and Nehchal Sandhu, then the director of the intelligence bureau.
# Kaushik writes that Chidambaram pushed for Shekhar Gupta to be nominated to the Rajya Sabha in 2009, which was eventually given to former Tribune, Express, TOI and Hindustan Tims editor, H.K. Dua. However, both Gupta and Chidambaram deny the claim.
# “Ashutosh Rais” was the pen name of former Business Standard editor T.N. Ninan, for pieces which he wrote for Democratic World, where Shekhar Gupta held his first formal journalism job as an assistant editor.
# Shekhar Gupta had been in touch with Aroon Purie of India Today from around the time he relinquished the CEO role at The Indian Express in August 2013.
# Gupta’s mentor Arun Shourie said the jump to India Today as vice-chairman and editor-in-chief was a mismatch: “Yeh shaadi galat ho gayi hai.”
Anant Goenka, the son of Viveck Goenka who heads Express‘ online push and whose arrival in 2010 is widely seen as propelling Shekhar Gupta’s exit, did not speak to the Caravan reporter, saying he did not want to discuss an “ex-employee.”
Also read: Shekhar Gupta gives up his managerial role