Bethany McLean and Getting Past Wall Street's Promotion Machine

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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In our latest Masters in Business podcast, we speak with Bethany McLean, a contributing editor at Vanity Fair magazine and author of numerous books, including (as co-author) "The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron."

A graduate of Williams College, McLean discussed the brutal competition she witnessed as an investment banking analyst at Goldman Sachs. McLean gave up banking for journalism, joining Fortune magazine in 1995. She said her frustration with the media’s role in "Wall Street's promotion machine" led her to seek out more skeptical voices. She eventually wrote the now-infamous March 5, 2001, article, "Is Enron Overpriced?" By year-end, Enron had filed what was then the largest corporate bankruptcy in U.S. history.

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