Bethany Mclean Biography
Bethany McLean (Full name- Bethany Lee McLean) is an American journalist and contributing editor for Vanity Fair magazine. She was born on December 12, 1970, Hibbing, Minnesota, U.S. McLean started her career at Goldman Sachs as an investment banking analyst and joined Vanity Fair as a contributing editor in 2008. In 2010, she began as a contributor to Slate’s Moneybox column and The Bulldog column in Fortune.
McLean became well known for her writing on the Enron scandal and the 2008 financial crisis. Previous assignments include columnist for Fortune, editor-at-large and a contributor to Slate. McLean received a B.A. in English and mathematics, in 1992, from Williams College.
Bethany Mclean Husband | Sean Berkowitz
In 2000, McLean married Chris Wilford but they divorced in 2006. McLean then married Sean Berkowitz, a partner with the law firm, Latham & Watkins in May 2008. Sean Berkowitz is the former Director of the Enron Task Force; they met through their mutual connection to that case.
Sean Berkowitz prosecuted former employees of Enron who were accused of white collar crimes, principally accounting fraud. He was the lead prosecutor in the joint trial of Kenneth Lay and Jeffrey Skilling (younger brother of veteran meteorologist Tom Skilling). In 2006, shortly after securing guilty verdicts against both, Berkowitz left the Department of Justice to become a partner at Latham & Watkins LLP in Chicago.
The couple currently resides in Chicago with their two children.
Bethany Mclean Enron | The Smartest Guys in the Room
Bethany McLean wrote an article regarding dubious trading and share valuation at Enron, in apiece titled ‘Is Enron Overpriced?‘. She raised concerns on the complex businesses that Enron engaged in stating that its financial statements were nearly impenetrable. Even the Wall Street analysts were at pains to explain how Enron made its money.
Based on this article, Bethany McLean co-authored the book The Smartest Guys in the Room, which detailed the corrupt business practices of Enron officials. The book was later made into the Academy Award nominated documentary Enron: The Smartest Guys in the Room which was directed by Alex Gibney. An excerpt from McLean’s article stated as follows:
“But for all the attention that’s lavished on Enron, the company remains largely impenetrable to outsiders, as even some of its admirers are quick to admit. Start with a pretty straightforward question: How exactly does Enron make its money? Details are hard to come by because Enron keeps many of the specifics confidential for what it terms “competitive reasons.” And the numbers that Enron does present are often extremely complicated. Even quantitatively minded Wall Streeters who scrutinize the company for a living think so. “If you figure it out, let me know,” laughs credit analyst Todd Shipman at S&P. “Do you have a year?” asks Ralph Pellecchia, Fitch’s credit analyst, in response to the same question.
To skeptics, the lack of clarity raises a red flag about Enron’s pricey stock. Even owners of the stock aren’t uniformly sanguine. “I’m somewhat afraid of it,” admits one portfolio manager. And the inability to get behind the numbers combined with ever higher expectations for the company may increase the chance of a nasty surprise. “Enron is an earnings-at-risk story,” says Chris Wolfe, the equity market strategist at J.P. Morgan’s private bank, who despite his remark is an Enron fan. “If it doesn’t meet earnings, [the stock] could implode.“
Bethany Mclean Books
- Bethany McLean; Peter Elkind (2004). The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron.
- Bethany McLean; Joe Nocera (August 30, 2011). All the Devils Are Here: The Hidden History of the Financial Crisis.
- Bethany McLean (September 14, 2015). Shaky Ground: The Strange Saga of the U.S. Mortgage Giants.
- Bethany McLean (September 11, 2018). Saudi America: The Truth About Fracking and How It’s Changing the World.
Bethany Mclean Shaky Ground
Bethany McLean published Shaky Ground: The Strange Saga of the U.S. Mortgage Giants, in September 2015. The book examines the governance and financial situation of Fannie Mae and Freddie Mac seven years after the 2008 financial crisis
Bethany Mclean All The Devils Are Here
Bethany McLean co-authored a book on the 2008 financial crisis titled All the Devils Are Here. This is a nonfiction book about the 2008 financial crisis by authors Bethany McLean and Joseph Nocera. It details how the financial crisis bubbled up from a volatile, and bipartisan, mixture of government meddling and laissez-faire. It concludes it was not an accident, that banks understood the big picture before the crisis happened but continued with bad practices.
Bethany Mclean Age
McLean was born on December 12, 1970, Hibbing, Minnesota, U.S.
Bethany Mclean Net Worth
Bethany McLean is an American journalist and editor who was born in Hibbing, Minnesota in December 1970. McLean is a contributing editor for Vanity Fair magazine. She has an estimated net worth of $6 million. McLean worked on the Enron scandal and the 2008 financial crisis.