She is also the first Asian American appointed to such a post. PaiвЂ™s sister is a New Jersey WorkersвЂ™ Compensation judge, Sue Pai Yang. Before joining Enron, Pai worked for the federal government in the 1970s. His father, Shih-I Pai, was an aeronautics professor at the University of Maryland, College Park from where Pai obtained both his B.S. Lou Pai was born in Nanjing, China in 1947 and came to the United States aged two years. Pai has since become a partner in Midstream Capital Partners LLC. He has invested in pollution emissions credits through Element. Pai was a founder and former chairman of a renewable-energy consulting firm, Element Markets. Lou Pai Elements Capital | Lou Pai Midstream Capital The pairвЂ™s new project is said to be a digital platform that connects investors to oil and gas projects. Pai remained in touch with Skilling following EnronвЂ™s demise and spoke to him while he was in prison. Pai is reportedly reintroducing Skilling (who served 14 years in prison for the Enron scandal) to the business world as a вЂњfriendly courtesyвЂќ. Pai and his former CEO at Enron, Jeff Skilling are reported to be recruiting their old friends and colleagues and вЂњlooking to get back in the energy businessвЂќ. He sold the property a few years later for $60 million in June 2004. His ranchland in Colorado (which PaiвЂ™s neighbors reportedly referred to the ranch as вЂњMount PaiвЂќ), included the 14,047-foot mountain, Culebra Peak. In 1999, Lou Pai became the second-largest landowner in Colorado when he purchased the 77,500-acre (314 km2) Taylor Ranch for $23 million. The companyвЂ™s financial distress came forth to the public late in 2001. Pai was not charged with insider trading like other Enron executives who had also secretly sold-off large amounts of stock due to his early sell-off of Enron stock. The price of EnronвЂ™s shares at the time-averaged $53.78 per share. Pai sold 338,897 shares of Enron stock and exercised Enron stock options that put another 572,818 shares on the open market between May 18 and June 7, 2001. He could charge several hundred dollars worth of lunches for himself and accompanying staff to the corporate expense account and use the Enron corporate jet for personal commuting until Chairman Ken Lay later prohibited it. Lou Pai was known to spend inordinate amounts of time during and after working hours in Houston-area strip clubs even though he was married. Pai came to symbolize the legendary lavishness and excesses of EnronвЂ™s corporate culture despite a reputation for being extremely introverted, taciturn, and reclusive around the office. PaiвЂ™s resignation from Enron and his reasons for doing so remain shrouded in mystery. From March 1997 until May 2001 Pai was CEO of the EES (Enron Energy Services) subsidiary. Skilling put Pai in charge of multiple Enron subsidiaries during his Enron career. He became one of the top lieutenants of Jeffrey Skilling (the eventual CEO and brother to veteran meteorologist Tom Skilling), primarily tasked with detailing and implementing SkillingвЂ™s vision of transforming Enron into a de facto energy commodities-trading firm. In 1987, Lou Pai joined Enron when it was just a regional energy supplier. Pai obtained his Bachelor of Science Degree and Master of Science Degree in economics from the University of Maryland, College Park where his father was a professor. He came to the United States aged two years. Pai was born in Nanjing, China in 1947, to an aeronautic professor, Shih-I Pai. A former Enron employee referred to Pai as вЂњ the invisible CEOвЂќ when he was interviewed in the 2005 documentary film Enron: The Smartest Guys in the Room. The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. However, Pai forfeited $6 million due to him from EnronвЂ™s insurance policy for company officers to a fund for Enron shareholders as a result of the lawsuit. Pai exercised his 5th Amendment rights in regard to the subsequent Enron class action lawsuits and was not charged with any criminal wrongdoing in the Lawsuits regarding the Enron scandal. Pai left Enron with over $280 million after selling a substantial amount of his shares. 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. Lou Pai is a Chinese-American businessman and former Enron executive who was born in 1947, Nanjing, China.

Melanie fewell pai