According to the wiki, she married Lou Lung Pai in 2001 and is still going strong. Pai sold out approximately $250 million of his Enron stock to satisfy the financial terms of his divorce settlement. After their child was born they moved to Colorado and there Lou turned the second largest landholder after buying a 120 sq. They lived a life of perks and privilege, and they knew it. 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. All Rights Reserved.Terms Sherron Watkins, Enrons former Vice President of Corporate Development. Pai and Fewell together operated Canaan Ranch, located near metropolitan Houston, where they raised and trained dressage horses. Melanie fewell lou pai Sneha Girap (Editor)I Love to read n write about Things that I find Interesting Covid-19Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) born in Nanjing, China in 1947, is a Chinese-American businessman and former Enron executive. And in Aspen, Colo., two of the four properties once owned by former Enron chairman Ken Lay are under contract -- one a "cottage" that sold for $10 million, which works out to an Aspen real estate record $3,330 per square foot. Photographer: F. Carter Smith/Bloomberg(Bloomberg News/F. "He's the only guy who's ever been lucky to get divorced," says Deborah Jeffrey of Zuckerman Spaeder, Pai's Washington attorney. Enron's all time highest price was $90.56 a share in August 2000. Lou is a Chinease-Amercian businessman and former Enrone executive. Scandals & Rumors. In fact, it is this relationship that prompted his 2000 divorce, whose settlement required the highly fortuitous unloading of most of his Enron stock before the price began to tumble. Melanie Fewell, Lou Pai's wife and a former stripper, is well-known for having wed the former Enron executive Lou Pai. His then-wife of over 20 years, Lanna, with whom he has two biological children, filed for divorce upon learning of the affair. Hebought a publicly traded liquids pipeline company from Enron and turned it into one of the largest U.S. energy infrastructure companies in the world: Kinder Morgan Inc. Kinder is today worth $7.8 billion, ranking 346 on the Bloomberg Billionaires Index. Pai and Fewell married, after the divorce. "We thought we could change the world, we really did," said one high-ranking young executive. After all, bad business judgment isn't a crime -- or maybe someone else presented a better prosecution target. Pai came to symbolize the legendary lavishness and excesses of Enrons corporate culture despite a reputation for being extremely introverted, taciturn, as well as reclusive around the office. The reasons for his resignation from Enron remain shrouded in mystery. But things went off the rails asexecutives put together obscure financial instruments that ultimately became ticking time bombs. "I'll cover it off with the reserves." In his college years, Lou was considered a mathematical genius. He left Enron with over $250 million. Pai left Enron abruptly, and he has since vanished into oblivion. in economics from the University of Maryland, College Park, where Lous father, Shih-I Pai, was an aeronautics professor. Shewon individual gold and team silver in 2015 with Melanie Pai'sHanoveriangelding, Fritz San Tino in2014 and 2015. Meanwhile, Lou married his stripper girlfriend, now known as Melanie Miller Pai. Pai was a founder and is a former chairman of Element Markets, a renewable-energy consulting firm. "Unfortunately, yes," responded Delainey. The answer is timing so perfect it almost seemed planned. He died of a heart attack on July 5, 2006, before his sentencing. Layfounded Enron with the merger of two regional natural gas pipeline companies and, during the subsequent 16 years, transformed the Wall Street darling into Americas most famous example of corporate greed and corruption. Two months later, in October, Enron dropped to $15. Privacy Policy. "Yeah, that was a little dirty," Delainey says Whalley remarked. He might indeed be one of the few men who have ever lucky to be served divorce papers. Basic Organizational Forms: A SecondLook, Learning from the Past- Structural Changes overTime. Enron had to have two. The best of Latin America and the Hispanic world. Lou was born in 1947, in Nanjing, China, and came to the United States at the age of 2 years. As legend has it, the strippers didn't believe such a mild mannered, almost meek, person was actually a powerful energy CEO. Lay -- who also divorced his first wife and is married to his former secretary -- spent his money in Aspen, where he bought three homes and one lot. . Of course, most Enron employees weren't the ones going on the ski weekends to Beaver Creek, Colo., or flying in one of the company's corporate jets -- there was a fleet of them stored in a private hangar at Bush Intercontinental Airport. FEEDBACK bmclean@fortunemail.com and pelkind@fortunemail.com. Fewell married.Pai and his current wife operated Canaan Ranch, located near . Factset: FactSet Research Systems Inc. 2018. "The worst people could say of him. He's been on the defense witness list, but he would almost certainly take the Fifth if called. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Did Pai voluntarily offer over $30 million to help shareholders negatively impacted by the Enron scandal or was this court-mandated? Bigger houses, better boats, new wives. For all their money and presence in Houston -- the name on the baseball diamond, the frequent sponsorship of charity events -- most Enron executives weren't really a part of Houston's top society circle. Upward Bound Only a few years ago, Skilling, Fastow, and Michael Kopper -- Fastow's lieutenant in the Enron scandal, according to conclusions drawn in the Powers report -- all lived within walking distance of one another in the quiet upper-class neighborhood called Southampton Place, which borders Rice University. Arnold's fund, started with $8 million of his own money, has performed spectacularly and now has some $1.5 billion in assets. However, details regarding his actual height and other body measurements are currently not publicly available. For instance, both Fastow and former Enron treasurer Ben Glisan testified that at a meeting of Enron's top executives in early September 2001, the company was coming roughly $500 million short of an earnings target. Find out who you might see at the Enron trial, how they got involved, and what they're doing now. They have three. Will the law of limited variety stand the test of time and changingenvironments? She has a son namedKyle and a daughter named Natalie Pai. Mar 28, 2009. So where's Whalley? Congratulations to Derekthe first , seemingly in the Country to suggest the obvious..The Truth will come out someday..it is in court docs that show Pai NEVER HAD TO SELL ANY ENRON STOCK which was 100% sold BEFORE HIS DIVORCE, so how could there be Divorce terms requiring his stock to be sold ?.!!!!! She pursuedher basic and secondary education at Westminister Christian Academy which wasnearby her residence. Fastow -- who is still residing in his Southampton house while his new one is under construction -- bought one of the larger houses on his block, a red-brick structure with white trim and a second-floor balcony. Davis Stumps Across CalfiorniaGray Davis speaks at an anti-recall rally in San Jose, California, in 2003. Herancestral home is in Germany. Socialnomics: The Social MediaRevolution. They had the smartest guys in the room and then it blew up, said Michael Webber, a University of Texas at Austin professor who specializes in energy, adding that Enrons failure rippled through a host of institutions. From Anime to Trending Netflix Series and Celebrity News, he covers every detail and always find the right sources for his research. As part of the settlement, Pai was also barred from serving as an officer or director of a public company for five years. Although Melanie Fewells actions after marrying Pai are not well known, it is said that she resigned from her position as an exotic dancer. It wasn't enough for Lay to have one house in Aspen, he had to have four. Or purchase a subscription for unlimited access to real news you can count on. It led to an affair with stripper Melanie Fewell (who was also married) and resulted in a pregnancy. After the divorce from Lanna, Lou, and Melanie Fewell married. Skilling had instituted performance review committees to determine the staff's top 5 percent and the bottom 5 percent in each division, and three levels in between. These days, though, Walker isn't sure where all of the art is, or how it's being handled. After the divorce, Pai and Fewell married. Overview. 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. How did his wifes discovery of his many year-long affair with a stripper, and their child out-of-wedlock, turn out to be a good thing for Pai? Does Internet Increase, Decrease, or Supplement SocialCapital? The Fast Track The trip was to Mexico, to race motorcycles in the famed Baja 1000. Lou Pai {Full name Lou Lung Pai (Chinese: ; pinyin: Bi Lulng)} is a Chinese-American businessman and former Enron executive who was born in 1947, Nanjing, China. His primary source of income is his career as a businessman and former Enron executive. In the year 1987, he joined Enron when it was just a regional energy supplier. Kopper lived a few blocks away in a cottage he eventually remodeled to have an almost Japanese-style look, the house taupe in color, with a gray roof. So I guess technically he voluntary gave up the $30 million, but he did it to avoid further suits or prosecution. You won't see him hanging around the courthouse. He didn't admit wrongdoing, and he wasn't charged criminally. Shareholding and Reporting Structures Known as Mark the Shark for her negotiating skills, Mark was one of the most senior female executive in the energy industry in the 1990s, rising to chief executive of Enron International and serving as a member of the companys board. Well, considering what happened next, I don't really think you can believe Karma had any impact on Lou Pai. By getting his stripper girlfriend pregnant, he was forced to sell off every single share of Enron he ever owned. Apr 3, 2006 - Where, for example, is Lou Pai, the enigmatic Jeff Skilling confidant. We will update this section when the information is available. From March 1997 until January 2001, he was CEO of Enron Energy Services and from February 2001 until June 2001, he was CEO of Enron Xcelerator, a venture capital division of Enron. 5005 South Tamiami Trail Sarsasota FL 34231. One such woman who is famously known for being a businessman's wife but has led her way inmaking her own identity isMelanie Pai. To satisfy the financial terms of his divorce settlement, Pai cashed out approximately $250 million of his Enron stock just months before the company's stock price dramatically collapsed and it filed for bankruptcy protection. Well, believe it or not, this is exactly what happened to former Enron executive (and alleged stripper aficionado) Lou Pai. Melaniehadstruggled a lot as her son Kyle began the fight of his life when he was diagnosed with Acute Lymphocytic Leukemia (ALL) but after struggling for several years the child survived. Melanie standstall with a height of 5 feet 7 inches. She is now known as Melanie Pai. Photographer: F. Carter Smith/Bloomberg, Andrew Fastow is escorted by U.S. 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. She may not have been the best businesswoman, but that's not a crime, and there's no evidence she tried to cover anything up. A few months back I went to a strip club for a bachelor party. EES wanted to create an alternative private sector option that allowed consumers to buy energy on the free market, direct from a utility. He allegedly would bring the strippers up to lavish Enron offices where they would continue the party late into the night. On the other hand, can you imagine a bizarro-world reality where instead of taking money from you, a stripper actually ended up saving you a bunch of money? "If I met with investors, if I came to Boston, I'd have to lie too much," Whalley responded, according to Fastow. More recently, Pai and his family have moved to Wellington, Florida. Watkins is now executive in residence at the McCoy College of Business at Texas State University and teaches a course at UNCs Kenan-Flagler Business School, she told Bloomberg News. When I walked in, I had about $100 cash in my wallet. Lou Pai was born in Nanjing, China in 1946 and moved to the United States with his family at the age of two. Lou would reportedly visit a particular Houston strip club (located not far from Enron's world headquarters) every night after work. On cross-examination, Skilling attorney Daniel Petrocelli asked: "So I guess what you're saying is that all these people were in on this massive fraud, right?". CARTER SMITH). Press J to jump to the feed. All rights reserved. Evil chink. To satisfy the financial . Upon knowing of the affair, Lou's then-wife of more than 20 years, Lanna, with whom he has 2 biological children, filed for divorce. Copyright 2021 - All right reserved People With Fame. By November 28, 2001, Enron's share price dropped all the way down to $1. Most stock quote data provided by BATS. This is the crazy part: Lou Pai's wife of 20 years, Lanna Pai, whom he had two children with, filed for divorce after she found out about the affair. Upon learning of the affair, Pai's then-wife of over 20 years Lanna, with whom he has two children, filed for divorce. Here, young Ivy Leaguers believed they could reinvent not just the energy business but the American business model, the whole U.S. economy. Enron combined the glamour of NASA and Wall Street. The traders idolized Whalley. Lips on the walls. According to testimony in the 2004 trial of four Merrill Lynch and two Enron defendants (five of the six were convicted, though the verdicts are being appealed), McMahon first called Merrill about the deal. It was a Skilling trip, of course, one of his annual adventures, where he took his group of "Skilling's Boys" -- those employees who were his favorites -- to some exotic location to participate in some high-risk activity. . Prior to the companys demise, Pai cashed out $270 million in stock, divorced his wife, and wed an exotic dancer. Lou Lung Pai (Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. At the time Lou joined Enron, the company was still a mid-sized, regional energy supplier. Description above from the Wikipedia article Lou Pai, licensed under CC-BY-SA, full list of contributors on Wikipedia. Although Melanie Fewell's actions after marrying Pai are not well known, it is said that she resigned from her position as an exotic dancer. It's safe to assume Whalley has made millions too. Pai, 59, continues to live in Houston with the ex-stripper -- now his wife -- and is considering launching a small energy business, according to his lawyer. Lou Pai might be the only person in history who actually managed to make $280 million by having an affair with a stripper, getting her pregnant and then losing both his marriage and his extremely high paying corporate job. If only all of Enron's former executives could recycle their reputations. Video Lou Pai. Since then, Pai has emerged as a partner in Midstream Capital Partners LLC. Accounts of the Enron scandal have frequently portrayed him as a mysterious figure; a former Enron employee, interviewed in the 2005 do*entary film Enron: The Smartest Guys in the Room, referred to Pai as "the invisible CEO". 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