Lawrence G. McDonald
|Lawrence G. McDonald|
|Occupation||Senior Director At The Corporate Credit Sales Desk|
He has been a frequent contributor or guest at media outlets including CNBC, The New York Times, Fortune and Barron's. He has also been a frequent speaker at universities, banks, investment firms, law firms and insurance companies.
From July 2004 through September 2008, McDonald was vice president of distressed debt and convertible securities trading at Lehman Brothers. He was one of the bank’s most profitable convertible bond traders, making more than $60 million for the bank in 2007. McDonald was let go in mass layoffs at Lehman in early 2008.
After Lehman went under, he wrote a book called A Colossal Failure of Common Sense - the Inside Story of the Collapse of Lehman Brothers. The book gave new credence to the notion that there was deep dissension in the Lehman ranks.</ref> McDonald was let go in mass layoffs at Lehman in early 2008.
In an editorial for the Huffington Post written in 2009 shortly after his book was published, 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.
Prior to Lehman Brothers, he was co-founder and COO of Convertbond.com, the premier website source for convertible securities information, valuation and news. In 1999, Convertbond.com was sold to Morgan Stanley and remains property of the firm.
- A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers (Crown Business 2010) - ISBN 978-0307588340
He received a BA in Economics from the University of Massachusetts Dartmouth.
- STREET MOVES: Lehman Credit Veteran Joins Newedge Bond Team. WSJ.com.
- Lehman Brothers failures exposed in book by trader Larry McDonald. The Sunday Times.
- Lehman Brothers: Wall Street's Titanic. Bloomberg Businessweek.
- Revealing the Secret Coup Against Lehman Brothers’ Dick Fuld. WSJ.com.
- Paulson's Decision Cost Lehman, Then the World. Huffington Post Business.
- Profile: Lawrence McDonald. LinkedIn.