Lawrence G. McDonald
 | This article provides insufficient context for those unfamiliar with the subject. (July 2011) |
Lawrence G. McDonald is a former vice-president of Lehman Brothers and is currently managing director of Pangea Capital Management LP.[1]
Early life and education
McDonald graduated from The University of Massachusetts Dartmouth in 1989 with a degree in Economics.[2]
Career
Financial crisis
In an editorial for the Huffington Post, McDonald was critical of former United States Secretary of the Treasury Henry Paulson's decision to save Bear Stearns while allowing Lehman Brothers to fail.[3]
A Colossal Failure of Common Sense
In a book entitled A Colossal Failure of Common Sense, McDonald gives his account of the events surrounding the financial crisis of 2007–2010. The book discusses JP Morgan Chase's purchase of Bear Stearns and the bankruptcy of Lehman Brothers. The book was written with New York Times columnist Patrick Robinson.[4]
As of August 9, 2009, the book was 7th on the New York Times Best Seller list for hardcover nonfiction.[5]
Colossal Failure is now translated into 12 different languages.
McDonald is a frequent guest contributor on Bloomberg, CNBC, Fox Business and the Huffington Post.
McDonald was a special advisor to the Financial Crisis Inquiry Commission (FCIC), created by Congress in 2009 to investigate the causes, domestic and global, of the economic and financial crisis in the United States.
McDonald has participated[how?] in three major financial crisis documentaries: Sony Pictures Academy Award winning 2010 documentary Inside Job, BBC‘s The Love of Money and CBC‘s House of Cards.
References
- ^ Random House Author Spotlight: Lawrence G. McDonald Retrieved October 5, 2009
- ^ http://alumni.umassd.edu/s/1355/dartmouth/index.aspx?sid=1355&pgid=804&gid=2&cid=1972&ecid=1972&post_id=0
- ^ "Paulson's Decision Cost Lehman, Then the World" Retrieved October 5, 2009
- ^ "An Appreciation: Lawrence G. McDonald on the Fall of Lehman Brothers" Retrieved October 5, 2009
- ^ New York Times bestseller list: Hardcover Nonfiction Retrieved October 5, 2009