The Julia La Roche Show | Bethany McLean On The Rise Of Legal Fraud @TheJuliaLaRocheShow | Uploaded March 2023 | Updated October 2024, 17 hours ago.
Bethany McLean, author and journalist, joins Julia La Roche on episode 66 to revisit some notorious corporate failures and discuss fraud. Bethany is the author of The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron and All the Devils Are Here: The Hidden History of the Financial Crisis. She has also written two mini books, Shaky Ground: The Strange Saga of the US Mortgage Giants and Saudi America: The Truth About Fracking and How It's Changing the World.
She also serves on the board of the Stigler Center at the University of Chicago. She's a 1992 graduate of Williams College.
0:00 Background and path to journalism
1:47 Goldman Sachs to fact-checking at Fortune
4:15 Writing about investing
5:45 Another side to stories
6:37 Enron
9:20 Reporting the Enron story
14:45 Lessons from Enron
15:20 Do you own homework
18:00 Emotion in business
20:00 Short-selling
23:11 Do your own homework
24:19 Valeant stock battle
26:10 Legal fraud
30:38 A thin line between a fraudster and a visionary
33:15 World of business is crazier than ever before
37:45 Golden age of fraud?
41:03 Venture capital and private equity’s reliance on low-interest rates
43:43 A different environment
44:44 Curiosity covering corporate failures
47:00 Can greed be eliminated?
48:48 Banking crisis
49:55 State of journalism
Bethany McLean, author and journalist, joins Julia La Roche on episode 66 to revisit some notorious corporate failures and discuss fraud. Bethany is the author of The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron and All the Devils Are Here: The Hidden History of the Financial Crisis. She has also written two mini books, Shaky Ground: The Strange Saga of the US Mortgage Giants and Saudi America: The Truth About Fracking and How It's Changing the World.
She also serves on the board of the Stigler Center at the University of Chicago. She's a 1992 graduate of Williams College.
0:00 Background and path to journalism
1:47 Goldman Sachs to fact-checking at Fortune
4:15 Writing about investing
5:45 Another side to stories
6:37 Enron
9:20 Reporting the Enron story
14:45 Lessons from Enron
15:20 Do you own homework
18:00 Emotion in business
20:00 Short-selling
23:11 Do your own homework
24:19 Valeant stock battle
26:10 Legal fraud
30:38 A thin line between a fraudster and a visionary
33:15 World of business is crazier than ever before
37:45 Golden age of fraud?
41:03 Venture capital and private equity’s reliance on low-interest rates
43:43 A different environment
44:44 Curiosity covering corporate failures
47:00 Can greed be eliminated?
48:48 Banking crisis
49:55 State of journalism
