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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.
May 17, 2006 · Lou Pai embraced Enron's legendary lavishness. For example, he used the corporate jet like a taxi, according to Robert Bryce, who wrote a book about Enron called Pipe Dreams.
- Madeleine Brand
- Enter: Lou Pai
- It’S Always The Quiet Ones
- I’m ‘N Luv
- Happily Ever After
After obtaining both his bachelor’s and master’s degree in economics from the University of Maryland where his father was an aeronautics professor, and after earning his stripes in the US federal government, Lou Pai joined the now-infamous Enron circa 1987. Back then, it was nothing more than a regional energy supplier. But in time, it would transf...
Like many mathematical geniuses, Lou Pai was viewed as an extremely introverted and something of a social enigma who certain employees actually doubted the very existence of. During his tenure as the big dog of Enron Energy Services (EES), which occurred from 1997 to 2001, he was often referred to as “the invisible CEO.” “Think of any generic guy y...
Somewhere in between his first front row show by the pole and his 1,000th lap dance, Lou Pai began an affair with stripper Melanie Fewell, who was also married at the time. This twilight romance led to many a private rendezvous and the private rendezvouz led to an extra-marital pregnancy. Hell hath no fury like a woman scorned, and when old Lou’s w...
Anyone keen on a deep dive into the downfall of a Wall Street darling can check out the brilliant summary published by Investopedia or check out Alex Gibney’s damning documentary Enron: The Smartest Guys In The Room(2005). Suffice it to say, the company’s rise to dizzying heights wasn’t entirely… legitimate. There were fake holdings, off-the-books ...
Mar 26, 2009 · This long, fascinating investigative piece about Pai by Alan Prendergast, in Denver's Westword, can't completely answer that question, since it was published in 2002, before the ramifications of...
Dec 2, 2021 · Pai was later cast in news reports as a symbol of Enron’s excess, with an alleged fondness for corporate jets and strip clubs. Pai left his wife to marry an ex-topless dancer, and his lawyer argued the stock sales were tied to the divorce, according to court documents.
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.
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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.
