Ted is a divorcee with twin daughters. He took over his family's business at some point during his adult years and developed a close bond with his employees. Ted harbored feelings for Skyler White during her brief stint at the company when she was young, and eventually made a drunken pass at her (for which he later apologized profusely). Skyler left the company soon afterward, but Ted's feelings for her remained intact for years. As Beneke Fabricators began a financial downward decline, Ted resorted to committing major fraud in order to keep the company alive, by cooking the books.