billion in annual revenues and wanted to acquire Harrah's Entertainment, a company with a market value of $14.7 billion (2006) and at that time the largest US casino operator. In late 2009, the Financial Times reported that D. E. Shaw & Co. had set up a portfolio acquisitions unit, the aim of which was to acquire illiquid assets from rival hedge funds, during the financial crisis. India based D. E. Shaw entered the Indian market in 2006, with Anil Chawla, then the CEO of GE-Commercial finance, India & South East Asia, as the Country Manager. The India operations were initially headquartered in Hyderabad, Telangana. D. E. Shaw entered into several large private equity deals in the country. This included a joint-venture with India's largest private sector company, Reliance Industries, to provide financial services. Other investments included real estate company DLF Assets Limited and publishing group Amar Ujala Publications, which were subject to Indian regulatory scrutiny and legal disputes. Chawla left his position with D. E. Shaw in 2012. D. E. Shaw scaled down its private equity activities in India after 2013. Corporate structure Ownership Lehman Brothers In 2007, David E. Shaw sold a 20 percent stake to Lehman Brothers as part of a broader strategy to diversify his personal holdings. D. E. Shaw had $30 billion of assets under management in 2007. At the time of its bankruptcy in September 2008, Lehman Brothers' holdings in D. E. Shaw & Co. remained intact. In 2015, Hillspire, the family office of Google chairman Eric Schmidt, acquired the 20 percent passive ownership stake in D. E. Shaw & Co. from the bankruptcy estate of Lehman Brothers Holdings Inc. Flotation candidate In 2007, the Financial Times reported that D. E. Shaw was commonly mentioned as a flotation candidate among hedge funds. Corporate affairs Corporate responsibility D. E. Shaw supports educational programs such as the American Regions Mathematics League, Worldwide Online Olympiad Training (WOOT), United States of America Mathematics Olympiad and the International Mathematics Olympiad, Mathematical Olympiad Program, the MIT 6.370 Battlecode Competition, and The Center for Excellence in Education. Prominent former employees Jeff Bezos, American businessman and founder of Amazon MacKenzie Scott, American novelist and philanthropist. Cathy O'Neil, mathematician David Siegel, computer scientist and co-founder of Two Sigma John Overdeck, statistician and co-founder of Two Sigma Lawrence Summers was hired in October 2006 as managing director at D. E. Shaw & Co. He left