Search results
Between $240 million and $260 million USD
- In 2001, to satisfy the financial demands of his divorce settlement, Lou Pai liquidated a buttload of Enron shares in exchange for what many estimate to be between $240 million and $260 million USD (not adjusted for inflation).
www.bosshunting.com.au/hustle/lou-pai-enron/
People also ask
How much did Lou Pai cost Enron?
Did Enron's 'Pai' business rake up millions of dollars in 2000?
Who is Lou Lung Pai?
Who sold Enron?
How much did John Lay sell Enron?
How much money was Pai paid for insider trading?
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]
May 17, 2006 · Lou Pai is the real mystery man in the Enron scandal. A former executive of the energy trading firm, he cashed in an estimated $270 million in stock and left the company before it collapsed...
- Madeleine Brand
- What Happened?
- Lessons Learned
- Where Are They Now?
- The Bottom Line
The bankruptcy threw thousands at Enron out of work, and, worse yet, emptied the company’s pension fund—costing more than 20,000 employees their life savings. At the time, Enron’s $63.4 billion in assets was the largest U.S. bankruptcy case in history (later superseded by the 2002 bankruptcy filing by WorldCom). In addition to Enron’s own implosion...
Given the size of the $63.4 billion Enron bankruptcy at the end of 2001, and the subsequent larger WorldCom bankruptcy in 2002, Congress finally took notice and passed the Sarbanes-Oxley(nicknamed SOX) corporate governance legislation. The SOX lawwas designed to make it harder to mislead investors and regulators about corporate financial reporting....
The Enron accounting scandal was the culmination of years of fabricating financial reports, using third-party entities and special purpose vehicles, and misleading the Enron board and investors. The principal agents behind the fraud were all tried and convicted, but other important personalities were secondary actors. Below, we’ll run you through t...
To this day, Enron remains the poster child for accounting malfeasance. Not that the senior executives at the time minded much, as they were getting rich off of Enron stock, which was being propped up by those same accounting subterfuges. Hence the negative feedback loop of more accounting ruses leading to a higher stock price and more executive co...
Dec 2, 2021 · Lou Pai, ex-CEO of Enron Energy Services Pai ran Enron’s retail energy unit, arriving at the company after stints at ConocoPhillips and DuPont. He left Enron six months before it collapsed in late 2001, pocketing more than $265 million from exercising Enron options and selling stock.
Feb 6, 2002 · The 54-year-old Pai certainly stands out as the company's biggest winner amid financial devastation -- he sold $270 million of Enron stock in the 16 months before he resigned last July.
Jan 13, 2002 · Before leaving Enron last spring, Mr. Pai sold five million shares of Enron between January 1999 and July 2001 for $353.7 million.
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]
