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Bethany McLean

Bethany McLean
McLean in 2018
Born (1970-12-12) December 12, 1970 (age 53)
Hibbing, Minnesota, U.S.
Alma materWilliams College
OccupationJournalist
Notable work
Spouses
Chris Wilford
​
​
(m. 2000; div. 2006)​
​
​
(m. 2008; div. 2020)​
Children2

Bethany Lee McLean (born December 12, 1970) is an American journalist and contributing editor for Vanity Fair magazine. She is known for her writing on the Enron scandal and the 2008 financial crisis. Previous assignments include editor-at-large, columnist for Fortune, and a contributor to Slate.

Early life and education

McLean was born in Hibbing, Minnesota on December 12, 1970. McLean graduated from Hibbing High School in 1988.[1] In 1992 she received a B.A. in English and mathematics from Williams College.

Career

McLean started her career as an investment banking analyst for Goldman Sachs[2] and joined Vanity Fair as a contributing editor in 2008. [citation needed] She began as a contributor to Slate's Moneybox column[citation needed], in 2010[citation needed] and "The Bulldog" column in Fortune.[3]

She authored an article on Enron for the March 5, 2001, issue of Fortune entitled, "Is Enron Overpriced?"[4] The article noted some irregularities in Enron's financial documents that were available to the public, suggesting the company's then-record high stock price was unjustified but she did not at that point suspect fraud at Enron. After Enron's rapid collapse later in 2001, McLean co-authored, with Peter Elkind, the book The Smartest Guys in the Room (2003) 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.[5]

In 2005, McLean got into a spat with then-CEO of Overstock.com Patrick M. Byrne after she wrote a negative article about Overstock and him.[6]

She co-authored with Joe Nocera a book on the 2008 financial crisis titled All the Devils Are Here.

In September 2015, she published Shaky Ground: The Strange Saga of the U.S. Mortgage Giants which examines the governance and financial situation of Fannie Mae and Freddie Mac seven years after the 2008 financial crisis.[7][8] The Washington Post selected it as one of the best nonfiction books of 2015.[9]

In September 2018, she published Saudi America: The Truth about Fracking and How It's Changing the World which examined the "fracking revolution" and U.S. energy independence.[10][11] In 2019, Mclean launched a podcast titled Making a Killing on Luminary.[12] She also joined the Capitalisn't podcast as a co-host in season 2, along with Chicago Booth Professor Luigi Zingales. She is also an advisor for Hunterbrook Media.[13]

Personal life

McLean married Chris Wilford in 2000 and divorced in 2006. In May 2008, she married attorney Sean Berkowitz, the former Director of the United States Department of Justice Enron Task Force.[14][15][16] They divorced in 2020.[17] McLean resides in Chicago with her children.[18]

Bibliography

Books

  • McLean, Bethany; Elkind, Peter (2003). The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron. New York: Portfolio. ISBN 1-59184-008-2. OCLC 52418094.
  • McLean, Bethany; Nocera, Joe (2011). All the Devils Are Here: The Hidden History of the Financial Crisis. New York: Portfolio/Penguin. ISBN 978-1-101-44079-7. OCLC 688505799.
  • McLean, Bethany (2015). Shaky Ground: The Strange Saga of the U.S. Mortgage Giants. New York: Columbia Global Reports. ISBN 978-0-9909763-0-1. OCLC 898533197.
  • McLean, Bethany (2018). Saudi America: The Truth About Fracking and How It's Changing the World. New York: Columbia Global Reports. ISBN 978-0-9997454-4-1. OCLC 1028187397.
  • McLean, Bethany; Nocera, Joe (2023). The Big Fail: What the Pandemic Revealed About Who America Protects and Who It Leaves Behind. New York: Portfolio. ISBN 978-0-5933310-2-6. OCLC 1365362764.

Essays and reporting

References

  1. ^ Brown, Aaron (September 6, 2018). "Hibbing grad warns of economic crisis below ground". Minnesota Brown: Modern Life in Northern Minnesota. Retrieved December 15, 2021.
  2. ^ "What Working At Goldman Sachs Taught Legendary Business Journalist Bethany McLean". Business Insider. Retrieved October 19, 2015.
  3. ^ McLean, Bethany (April 30, 2008). "Short Story". Retrieved August 18, 2023.
  4. ^ McLean, Bethany (March 5, 2001). "Is Enron Overpriced?". Fortune (magazine).
  5. ^ Enron: The Smartest Guys in the Room – IMDb, retrieved October 9, 2020
  6. ^ Metz, Cade (February 10, 2014). "Meet Patrick Byrne: Bitcoin Messiah, CEO of Overstock, Scourge of Wall Street". Wired. ISSN 1059-1028. Retrieved November 21, 2022.
  7. ^ Columbia Global Reports, "Financial System's Top Risk, Hiding in Plain Sight" (Press Release, September 14, 2015). Retrieved September 16, 2015
  8. ^ Ryssdal, Kai; Bodnar, Bridget (September 14, 2015). "U.S. mortgage giants under the microscope". Marketplace (radio program). Retrieved October 19, 2015. So they are part of the mysterious machinery that is an important component of most Americans lives, but you actually never think about it until things go wrong.
  9. ^ "Notable nonfiction of 2015". Washington Post. ISSN 0190-8286. Retrieved June 28, 2022.
  10. ^ Priest, R. Tyler (October 31, 2018). "'Saudi America' Review: The Truth About Fracking?". The Wall Street Journal. ISSN 0099-9660. Retrieved October 9, 2020.
  11. ^ "'Saudi America' by Bethany McLean". Columbia Global Reports. Retrieved October 9, 2020.
  12. ^ "Bethany McLean on Making a Killing". The Big Picture. June 20, 2019. Retrieved October 9, 2020.
  13. ^ "News-powered hedge fund raises $100mn to trade on reporters' scoops". www.ft.com. Retrieved April 3, 2024.
  14. ^ Oxfeld, Jesse (July 21, 2006). "The Happiest Gal in the Courtroom". New York Magazine. Retrieved June 28, 2022.
  15. ^ "Loughlin, Giannulli lawyer is prosecutors' 'worst nightmare'". CFJC Today Kamloops. The Canadian Press. Retrieved October 9, 2020.
  16. ^ Bailey, Jeff. "Q & A with Bethany McLean, Author of 'All the Devils Are Here'". Chicago magazine. Retrieved October 9, 2020.
  17. ^ Booknotes+ Podcast: Bethany McLean on Elizabeth Holmes & Theranos (14:22), February 2022, retrieved June 18, 2022
  18. ^ "Enron tale author Bethany McLean has a new book she wrote from her Chicago home". Crain's Chicago Business. November 15, 2010. Retrieved March 11, 2016.
External videos
video icon C-SPAN Q&A interview with McLean, June 19, 2005
video icon C-SPAN Q&A interview with McLean on All the Devils are Here: The Hidden History of the Financial Crisis, November 14, 2010
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