Goldman Board Met Daily in Weeks Before Alleged Gupta Tip

At Raj Rajaratnam’s insider-trading trial one year ago, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein told jurors he makes unscheduled calls to the bank’s board members at times of market “uncertainty.”

Yesterday, at Rajat Gupta’s insider-trading trial, William George, an independent Goldman Sachs director, explained just how often those calls came during the 2008 market collapse, including one discussion at the heart of the Gupta prosecution.