Enron investigative reporter speaks Nov. 1


UND students and the local business community can hear, first-hand, from the reporter who investigated the Enron company's unethical behavior. Bethany McLean, a senior writer at Fortune magazine and co-author of the book titled, "The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron," is the keynote speaker for the third annual Olafson Ethics Symposium, hosted by the College of Business and Public Administration.

The symposium will be held Thursday, Nov. 1, beginning at 4 p.m. in the Memorial Union's Fred Orth Lecture Bowl with a viewing of the documentary film, "Enron: The Smartest Guys in the Room." Following the film, at 5:45 p.m., there will be a pizza social and round table discussion in the Memorial Union Ballroom. At 7 p.m. McLean will discuss her investigation of Enron and the ethics related to this company and businesses in general. The event is free and open to all UND students and the Greater Grand Forks community.

McLean graduated from Williams College in 1992 with a double major in mathematics and English. She began her career in the investment banking division of Goldman Sachs, where she worked from 1992 to 1995, spending two years in the Mergers and Acquisitions Department and one year in Real Estate Principal Investing. In 1995, McLean joined Fortune magazine as a reporter, and soon began writing pieces on everything from 401(k) plans to the latest innovations in biotechnology. She covers a wide variety of topics, with recent stories ranging from Barry Diller and his controversial company InterActiveCorp to the strange world of the Masters of Wine.

In early 2001, she wrote a skeptical story about Enron, which was then a high-flying company with a stock price of around $80 a share. Her story asked the simple question, "How does Enron make money?" and is widely viewed as the first questioning story about the company to run in a national publication. Along with another senior writer at Fortune magazine named Peter Elkind, she began to work on a book, and in the fall of 2003, Penguin published "The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron."

The purpose of the Olafson Ethics Symposium is to provide a platform for students, and the business community, to explore the importance of ethical behavior in the workplace. This event is named in honor of Robert Olafson, who is a 1971 graduate of the University of North Dakota, earning a degree in mathematics. He lives in St. Paul, Minn., where he serves as vice president at Minnesota Life Insurance Company. Olafson is a native of Edinburg, N.D., and established a gift in 2005 to support ethics education and awareness in the College of Business and Public Administration.

This is the third year of Olafson Ethics Symposium and the College of Business and Public Administration is grateful to Mr. Olafson for his generosity and support of UND students and this event. Additional support for this event was made possible by Jane Fercho Ludlow.
For more information regarding the Olafson Ethics Symposium, please contact CK Braun-Schultz at 777-6937 or via e-mail at: ck.schultz@mail.business.und.edu.