Lou Pai
Enron executive (born 1947) / From Wikipedia, the free encyclopedia
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Lou Lung Pai (Chinese: 白露龍; pinyin: Bái Lòulóng) (born June 23, 1947) is a Chinese-American businessman and former Enron executive. He was CEO of Enron subsidiaries Enron Energy Services[5] and Enron Xcelerator, a venture capital division.[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]
Lou Pai | |
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白露龍 | |
Born | (1947-06-23) June 23, 1947 (age 77) |
Nationality | American |
Education | University of Maryland, College Park (BS, MS) [1] |
Occupation | Business executive |
Employers |
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Spouses | |
Children | 3 |
Pai was not charged with any criminal wrongdoing in the Enron scandal and exercised his Fifth Amendment rights in regard to the subsequent Enron class action lawsuits.[9] 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]
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]