Melanie Pai Lou Pai

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He married Melanie (Miller) Pai on September 22, 2000 in Texas. We know that Lou L. Pai had been residing in Harris County, Texas. The amount Lou Pai, 60, agreed to pay is the highest Enron-related settlement reached between an individual and the Securities and Exchange Commission, and the agency said it is one of the highest. He married Melanie (Miller) Pai on September 22, 2000 in Texas. We know that Lou L. Pai had been residing in Harris County, Texas.

  1. Melanie Pai Lou Painting
  2. Melanie Pai Lou Pain Management
  3. Melanie Pai Lou Painter
  4. Melanie Pai Lou Paint
  5. Natalie Pai
Chinese: 白露龍
Born1947 (age 73–74)
NationalityAmerican
EducationUniversity of Maryland, Baltimore (BS, MS) [1]
OccupationBusiness executive
Employer
  • US Securities and Exchange Commission (?–1986)[2]
  • Enron (1986–2001)
  • Houston Pipeline Company (?–?)
  • Element Markets (2005–2011)
  • Midstream Capital (2012?–present)
Known forEnron
Spouse(s)
Children3

Lou Lung Pai (Chinese: 白露龍; pinyin: Bái Lòulóng) (born 1947) is a Chinese-American businessman and former Enron executive. He was CEO of Enron Energy Services[5] from March 1997 until January 2001 and CEO of Enron Xcelerator, a venture capital division of Enron, from February 2001 until June 2001.[2] He left Enron with over $250 million. Pai was the second-largest land owner in Colorado after he purchased the 77,500-acre (314 km2) Taylor Ranch[6] for $23 million in 1999,[7] though he sold the property in June 2004 for $60 million.[8]

Melanie Pai Lou Painting

Other family members and associates include Eleanor Lee, Shih Pai, Stephanie Fleck, Lou Pai and Melanie Pai. Lanna's reported annual income is about $200 - 249,999; with a net worth that tops Greater than $499,999. Pai earned both B.S. In economics from the University of Maryland, College Park, where his father, Shih-I Pai, is a prominent aeronautical professor. Pai worked for the federal government in 1970 before joining Enron. His brother is Sue Pai Yang, the first Asian American to be appointed New Jersey Compensation Judge.

Pai was not charged with any criminal wrongdoing in the Enron scandal and exercised his 5th Amendment rights in regard to the subsequent Enron class action lawsuits.[9] However, as a result of the lawsuit, Pai forfeited $6 million due to him from Enron's insurance policy for company officers to a fund for Enron shareholders.[10][11]

Melanie Pai Lou Pain Management

Accounts of the Enron scandal have frequently portrayed him as a mysterious figure;[12][13][14] a former Enron employee, interviewed in the 2005 documentary film Enron: The Smartest Guys in the Room, referred to Pai as 'the invisible CEO'.[15]

Background[edit]

Adobe flash player plugin free download for mac. Pai was born in Nanjing, China and came to the United States at the age of two. Pai obtained both his B.S. and M.S. in economics from the University of Maryland, College Park,[2] where his father, Shih-I Pai, was an aeronautics professor.[16][17] Pai worked for the federal government in the 1970s before joining Enron.[4]

His sister is Sue Pai Yang,[17] the first Asian American appointed to be a New Jersey Workers' Compensation judge.[18]

Enron[edit]

Pai joined Enron in 1987, when it was just a regional energy supplier. He became one of (eventual) CEO Jeffrey Skilling's top lieutenants, primarily tasked with detailing and implementing Skilling's vision of transforming Enron into a de facto energy commodities-trading firm. During his Enron career, Skilling put Pai in charge of multiple Enron subsidiaries. Pai was CEO of the EES (Enron Energy Services) subsidiary from March 1997 until May 2001. The reasons for his resignation from Enron remain shrouded in mystery.[12]

Avast antivirus premium download for windows 10. Despite a reputation for being extremely introverted, taciturn, and reclusive around the office, Pai also came to symbolize the legendary lavishness and excesses of Enron's corporate culture. Though married, Pai was known to spend inordinate amounts of time during and after working hours in Houston-area strip clubs, use the Enron corporate jet for personal commuting, and charge several hundred dollars worth of lunches for himself and accompanying staff to the corporate expense account until Chairman Ken Lay later prohibited it.[12]

Pai

Melanie Pai Lou Painter

Between May 18 and June 7, 2001, Pai sold 338,897 shares of Enron stock and exercised Enron stock options that put another 572,818 shares on the open market.[2][10] At the time, the price averaged $53.78 per share.[10] This early sell-off of Enron stock had the benefit of shielding Pai from the insider trading charges leveled against other Enron executives who had also secretly sold-off large amounts of stock before the company's ruinous finances were publicly known.

Pai's Colorado ranchland included the 14,047-foot mountain, Culebra Peak.[13] His neighbors reportedly referred to the ranch as 'Mount Pai'.[19]

Post-Enron[edit]

Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm.[20] Through Element, Pai has invested in pollution emissions credits.[21][22] Since then, Pai has emerged as a partner in Midstream Capital Partners LLC.[23] Mac os x torrent magnet.

On July 30, 2008, Pai agreed to resolve civil insider trading charges against him with an out-of-court settlement of $31.5 million, including $1.5 million in civil fines and $30 million in restitution, to be deposited into a fund for shareholders harmed by Enron's bankruptcy.[10] He continues to neither admit nor deny the Securities and Exchange Commission claims that he sold millions of shares of Enron stock based on non-public information about the company's financial problems. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading.[10] As part of the settlement, Pai was also barred from serving as an officer or director of a public company for five years.[11][24][25]

Personal life[edit]

Pai's frequent strip club visits during his time with Enron led to an affair with stripper[24] Melanie Fewell (who was also married), and resulted in a pregnancy. Upon learning of the affair, Pai's then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce.[3] To satisfy the financial terms of his divorce settlement, Pai cashed out approximately $250 million of his Enron stock[24] just months before the company's stock price dramatically collapsed and it filed for bankruptcy protection.[10] After the divorce, Pai and Fewell married.[9]

Pai and Fewell together operated Canaan Ranch, located near metropolitan Houston, where they raised and trained dressage horses.[20][26][27] They later moved from Sugar Land, Texas, to Middleburg, Virginia, and opened a second Canaan Ranch there,[28] but as of 2014, it is up for sale. More recently, Pai and his family have moved to Wellington, Florida.[29][30]

See also[edit]

Melanie Pai Lou Paint

Melanie Pai Lou Pai

References[edit]

Pai
  1. ^'United States Securities and Exchange Commission v. Lou L. Pai, Civil Action NoH-08-CV-2338'(PDF).
  2. ^ abcdMejia, Luis R. (29 July 2008). 'United States Securities and Exchange Commission v. Lou L. Pai, Civil Action No. H-08-CV-2338 [Complaint]'(PDF). SEC. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  3. ^ abL Lee v. Hasson, 286 S.W.3d 1 (Tex. App. 2007).
  4. ^ abPrendergast, Alan (2002-04-18). 'Crouching Greed, Hidden Losses'. Denver Westword. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  5. ^Kosty, Jeff (28 June 2005). 'Pai and Skilling'. enronblog. Archived from the original on 7 May 2006. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  6. ^Solberg, Dustin (1999-08-16). 'Taylor Ranch sells'. High Country News. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  7. ^'CULEBRA PEAK'. 2014-06-17. Retrieved 2014-08-11.CS1 maint: discouraged parameter (link)
  8. ^Curtin, Dave (8 August 2005). 'Home again, but it's changed'. Denver Post. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  9. ^ abElkind, Peter; McLean, Bethany (2006-04-03). 'The luckiest people in Houston'. Fortune Magazine. Retrieved 2010-05-11.CS1 maint: discouraged parameter (link)
  10. ^ abcdefGordon, Marcy (29 July 2008). 'Ex-Enron exec to pay $31.5 million'. The Press Democrat. Sonoma County, California. Associated Press. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  11. ^ ab'U.S. Securities and Exchange Commission v. Lou L. Pai, Civil Action No. H-08-2338 (SDTX)' (Press release). Securities and Exchange Commission. 29 July 2008. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  12. ^ abcBrand, Madeleine (2006-05-17). 'Lou Pai, Enron's Elusive Mystery Man'. National Public Radio. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  13. ^ abPrendergast, Alan (2002-04-18). 'The Mystery of Pai'. Denver Westword. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  14. ^Somerville, Patrick (2005-06-02). 'Enron: The Smartest Guys in the Room'. Nick's Flick Picks.
  15. ^Bennett, James (2005-06-16). 'Enron: caught on camera'. Accountancy Age. Archived from the original on 2010-01-22. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  16. ^McLean, Bethany (2003). The Smartest Guys in the Room. Penguin Group, USA. p. 57.
  17. ^ abSaxon, Wolfgang (10 June 1996). 'Dr. Shih-I Pai, 82, Researcher Who Advanced Aerodynamics'. The New York Times. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  18. ^'Who We Are: Board of Directors: Hon. Sue Pai Yang'. International Association of Women Judges. Archived from the original on 15 January 2012. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  19. ^'Q&A with Bethany McLean'. C-SPAN. 2005-06-20. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  20. ^ abPartington, Richard (1 December 2011). 'The Enron cast: Where are they now?'. Financial News. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)(subscription required)
  21. ^Davis, Ann (2006-11-14). 'Enron veterans flourish due to 'mystique''. Pittsburgh Post-Gazette. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  22. ^Fallows, James (28 March 2009). 'Update on Xobni, Lou Pai (updated!)'. The Atlantic. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  23. ^Poole, Claire (6 February 2013). 'Ex-Enron executives form Midstream Capital'. The Deal Pipeline. Archived from the original on 2015-01-09. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  24. ^ abcBernstein, Alan (3 March 2002). 'Ex-Enron exec Pai target in many lawsuits'. Houston Chronicle. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  25. ^Reynolds, David J.; Burns, Judith (2008-07-30). 'Former Enron Executive Pai Agrees to Insider-Trading Settlement'. Wall Street Journal. Retrieved 2008-07-30.CS1 maint: discouraged parameter (link)(subscription required)
  26. ^'Canaan Ranch: Meet our Staff'. Canaan Ranch. 2009. Archived from the original on 29 April 2015. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  27. ^Murphy, Kate (29 January 2006). '10 Enron Players: Where They Landed After the Fall—Lou Lung Pai: A Big Stock Seller, With a Taste for Glitter'. The New York Times. Retrieved 8 January 2015.CS1 maint: discouraged parameter (link)
  28. ^Westmark, Jan (9 May 2012). 'Christy Raisbeck And Fernando Win Horse Of Course High Score Award At Houston Dressage Society Spring Classic I Show'. Horses Daily. Retrieved 13 June 2016.CS1 maint: discouraged parameter (link)
  29. ^
  30. ^some more information on Canaan Ranch: [4][5][6]Archived 2015-01-09 at the Wayback Machine

External links[edit]

Natalie Pai

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