Native name 白露龙 Name Lou Pai Role Businessman | Spouse Melanie Pai Children 3 | |
Residence Sugarland, TexasMiddleburg, Virginia Similar People Jeffrey Skilling, Andrew Fastow, Kenneth Lay, J Clifford Baxter, Bethany McLean | ||
Lou Pai
Lou Lung Pai (Chinese: 白露龍; pinyin: Bái Lòulóng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. He was CEO of Enron Energy Services from March 1997 until January 2001 and CEO of Enron Xcelerator, a venture capital division of Enron, from February 2001 until June 2001. He left Enron with over $280 million. Pai was the second largest land owner in Colorado after he purchased the 77,500-acre (314 km2) Taylor Ranch for US$23 million in 1999, though he sold the property in June 2004 for US$60 million.
Contents
Lou Pai has not been charged with any criminal wrongdoing in the Enron scandal and has exercised his 5th Amendment right in regard to the subsequent Enron class action. 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.
Accounts of the Enron scandal have frequently portrayed him as a mysterious figure; a former Enron employee, interviewed in the documentary film Enron: The Smartest Guys in the Room, referred to Pai as "the invisible CEO".
