At the time Lou joined Enron, the company was still a mid-sized, regional energy supplier. 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? During Lou's time with Enron, his regular strip club visits began to an affair with stripper Melanie Fewell (who was also married) as well resulted in a pregnancy. Are these ghosts of Enron the luckiest people in Houston? Upon learning of the problem, Pai's wife who is over 20 years old, Lanna, with whom she has two biological children, filed for divorce. He died of a heart attack on July 5, 2006, before his sentencing. Lou Pai was a former executive at Enron, a trading firm for energy that rose quickly and fell much faster. Marshals to the Bob Casey Federal Courthouse in Houston, Texas, in 2006. It's safe to assume Whalley has made millions too. Rebecca Mark, who built Enrons water business. The government has opted not to call him. But in court testimony a different picture has emerged--of a guy who tried to help cover up problems. In the year 1987, he joined Enron when it was just a regional energy supplier. This time, they booked a trip with the Chris Haines Motorcycle Adventure Co., a Mexico-based tour group. Pai's Colorado ranchland included the 14,047-foot mountain Culebra Peak. They later moved from Sugar Land, Texas, to Middleburg, Virginia, and opened a second Canaan Ranch there, but as of 2014, it is up for sale. 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. CARTER SMITH). In the time since, Pai went on to become on of the largest landowners in Colorado, where he lived for a time with his new wife, the former stripper, Melanie Fewell [Pai]. Pai's frequent strip club visits during his time with Enron led to an affair with stripper Melanie Fewell (who was also married), and resulted in a pregnancy. Pai went on to co-foundElement Markets, a Houston-based carbon-trading firm. According to Walker, the plan was to forge a collection full of new, cutting-edge pieces, along with a few examples of earlier modernist classics to work as anchors. 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. Louis a Chinease-Amercian businessman and former Enrone executive. "That's what any lawyer would advise. And not a few hundred dollars, not a few thousand, not a few million, but HUNDREDS of MILLIONS of dollars??? 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? Your email address will not be published. At the Museum of Fine Arts, a $575,000 soft sculpture by Claes Oldenburg -- a part of Enron's corporate art collection -- is stored in a crate. He also snapped up several properties in Houston -- mostly older homes on blocks where massive renovations have taken place, areas clearly in the midst of major renewal. Lou {Full name Lou Lung Pai (Chinese: ; pinyin: Bi Lulng)} is a Chinese-American businessman and former Enron executive. And former chief financial officer Andrew Fastow, who loved art, wanted Enron's corporate collection to rival any business's. So he then married Melanieand she quit her job as an exotic dancer. And more importantly, how much did his wife get? During his tenure as CEO, Lou earned approximately $100 million in salary alone. Some of the absent executives might offer benign accounts of what really happened, but they aren't likely to appear for the defense either -- most would likely take the Fifth Amendment unless the government grants them immunity from prosecution, which isn't going to happen. Pai sold out approximately $250 million of his Enron stock to satisfy the financial terms of his divorce settlement. Lou Pai earned his net worth through his tenure serving as the CEO of Enron Energy Services and Enron Xcelerator, a venture capital division of Enron. Pai ran Enrons retail energy unit, arriving at the company after stints at ConocoPhillips and DuPont. All of which raises the question: What's happened to the architect of these businesses -- Rebecca Mark, whom FORTUNE named one of the 50 Most Powerful Women in Business in 1998 and 1999? She is a believer in Christianity religion. Haines -- who declined to give details about the Enron outing -- once designed a trip for Lovett and a bunch of his buddies, and the musician was so enthralled he thanked Haines on the liner notes of his next album. Oh, and just like Mr. Pai, Melanie also happened to be married with two kids. There have been no reports of him being sick or having any health-related issues. Davis, a Democrat, blamed Enron for gaming Californias power market and contributing to the blackouts that roiled the state. In August 2001, Watkins alerted Lay to problems with the companys books, warning in a memo that Enron could implode in a wave of accounting scandals. She was lauded as one of Time Magazines persons of the year in 2002 along with two other whistleblowers, Cynthia Cooper of WorldCom and the FBIs Coleen Rowley. The pair is now raising thoroughbreds in Houston and is regarded as a member of the local neighbourhood. And, from the looks of life in Houston these days, it still is. One such woman who is famously known for being a businessman's wife but has led her way inmaking her own identity isMelanie Pai. Sherron Watkins, Enrons former Vice President of Corporate Development. The objective is to create an environment that supports women in making the best decisions for them, free from prejudice or societal expectations. His birthday is publicly not available. Blogging will not change every businessbut it will change many, Socialnomics: The Social Media Revolution, 09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0, Lou Pai: The Only Guy Who's Ever Been Lucky to Get Divorced, Blogging will not change every businessbut it will changemany, 09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88C0. Enron had to have two. Photographer: F. CARTER SMITH/Bloomberg, Jeffrey Skilling at the Bob Casey Federal Courthouse in Houston, Texas, in 2006. By pleading the 5th Pai has kept himself from testifying in the trials of other Enron executives, and has avoided being charged himself. She also was granted the right to the couple's Houston mansion, a Houston condo and a $3 million house in Hawaii. Lou Pai liked to indulge his second wife (whom he met in a strip club) and her passion for fine horses. under which this service is provided to you. At Advantage BMW, a popular Houston shopping spot for high-end Enron employees, Cliff Baxter's name was removed -- by his request, before his suicide -- from the waiting list for a coveted 745 luxury sedan. He appears to be quite tall in stature if his photos, relative to his surroundings, are anything to go by. "The houses really aren't elaborate for Houston," says one top interior designer in town. View Melanie Fewell results in Texas (TX) including current phone number, address, relatives, background check report, and property record with Whitepages. Pai was not charged with any criminal wrongdoing in the Enron scandal and exercised his Fifth Amendment rights in regard to the subsequent Enron cl* action lawsuits. Privacy Policy. . He didnt admit wrongdoing, and he wasnt charged criminally. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. No one expects them to attend anymore. He was one of the major figures in Enrons success and was known as the invisible CEO.. He also bought a ranch in suburban Houston for his second wife, Melanie Fewell Pai, and set her up with a breeding and training operation for top-quality dressage horses. [2] At this point, Enron's top executives like Ken Lay and Jeff Skilling were quietly unloading massive amounts of their personal shares while simultaneously telling their own employees and outside investors that this was a GREAT time to buy more stock because Enron was sure to rebound imminently. Lou, during his Enron time, used to visit a strip club, and his affair story began there with stripper Melanie and which led to Melanie being pregnant. Although she has been on the defense witness list, it's not clear they'll call her even if she is willing to testify, since she left Enron too early to know much about the government's specific in-court allegations against the former CEOs. Lou Lung Pai ( Chinese: ; pinyin: Bi Lulng) (born 23 June 1947) is a Chinese-American businessman and former Enron executive. Heres a look at some of the prominent players in the scandalboth fallen executives and those who investigated themand where they are now: Kenneth Lay, founder, former chairman and CEO, No title providedKenneth Lay outside the Bob Casey Federal Courthouse in Houston, Texas, in 2006. The name Enron is still invokedin shorthandlike Theranos,Madoff or Lehmana full two decades after its public ruin. Enron executives -- particularly Fastow -- envisioned this collection as one that would be mentioned in the same breath as those held by companies like Chase Manhattan and Paine Webber. Well, believe it or not, this is exactly what happened to former Enron executive (and alleged stripper aficionado) Lou Pai. We will update this section once this information is available. mile ranch. Will the law of limited variety stand the test of time and changingenvironments? And the latest big Enron project was the formation of a great art collection, one that would be on display to the public as well. Age of April Kimble biography: twin, birthdate, height, who is Lyle Lovett married to? He also had a legendary fondness for strippers, and was a frequent habitue of a Houston topless club called Rick's Cabaret. One of the horses he bought for her is named Gucci. One of the lucky few Enron executives to escape without criminal prosecution, Lou Pai has been referred to as the only guy whos ever been lucky to get divorced. Why was Lou Pai so lucky to get divorced? If only all of Enron's former executives could recycle their reputations. The deal went like this: Merrill Lynch agreed to buy three Nigerian power barges from Enron near the end of a quarter, after receiving a verbal guarantee that the barges would be repurchased six months later at a guaranteed profit. The energy-trading giants downfall, triggered by revelations of shady accounting practices, still reverberate throughout the business and political world today. Basic Organizational Forms: A SecondLook, Learning from the Past- Structural Changes overTime. They have three. ", 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. Also was granted the right to the couple 's Houston mansion, a Houston-based carbon-trading.. The invisible CEO in Hawaii him being sick or having any health-related issues million... The time Lou joined Enron when it was just a regional energy supplier '' one! 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