Despite being one of the companys top executives, the cause of his leaving is still unknown; theories range from a quarrel with Jeff Skilling to a desire to found his own business. You won't see him hanging around the courthouse. Pai's frequent strip club visits during his time at Enron proved to be a blessing in disguise. Just months later, Enrons stock prices dramatically collapsed and it filed for bankruptcy protection. Basic Organizational Forms: A SecondLook, Learning from the Past- Structural Changes overTime. After their child was born they moved to Colorado and there Lou turned the second largest landholder after buying a 120 sq. 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. EES wanted to create an alternative private sector option that allowed consumers to buy energy on the free market, direct from a utility. No title providedAndrew Fastow is escorted by U.S. Melanie fewell lou pai wife The divorce was the result of Lou Pye's affair with Melanie Fewell, who was a stripper and got her pregnant. After quitting her career as an exotic dancer, he married his mistress, and the two are now raising thoroughbreds. The Country should be outraged at what he and Lana Lee (Pai) have pulled off. After the divorce from Lanna, Lou, and Melanie Fewell married. After the Enron scandal, they have generally avoided the spotlight, thus details about their relationship are scarce. Pai has been on the defense's witness list, but don't expect to see him on the stand; he took the Fifth in the Enron class-action civil suit. Not only that, around this same time Enron had just about reached their limit of Lou's strip club expenses and the secret disaster that EES had become. Background. She is the elder child of her parents. We will update this section when the information is available. Photographer: F. Carter Smith/Bloomberg(BLOOMBERG NEWS/F. For instance, Fastow testified that in July 2001 Whalley said that all the heads of the international business should be fired because they had done billions upon billions of bad deals. Privacy Policy. Pais resignation from Enron and his reasons for doing so remain shrouded in mystery. Will the law of limited variety stand the test of time and changingenvironments? That Pai, who was married and had two children, met Melanie Fewell,. There have to be plenty more anecdotes where that came from, once Whalley takes the stand -- or there would be, if he ever does. Pai joined Enron in 1987, when it was just a regional energy supplier. This is the crazy part: Upon learning of the affair, Pai's then-wife of over 20 years Lanna, with whom he has two children, filed for divorce. She has a son namedKyle and a daughter named Natalie Pai. Pai and Fewell together operated Canaan Ranch, located near metropolitan Houston, where they raised and trained dressage horses. 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. A $7.1 million apartment in the Huntingdon -- Houston's finest apartment building -- where camera crews routinely sit outside and the Lays' neighbors now grumble that their dinner guests are practically patted down by security before being allowed to enter the building. Before Skilling divorced his first wife in a messy, contentious battle and took up with an Enron secretary whom staffers called "Va Voom" behind her back. Follow peoplewithfame. He would conduct meetings at the strip club and treat the top performing salesman with wild back room parties that were all funded by his Enron corporate expense account. These two couples are living now inMiddleburg, Virginia. On December 2, 2001, Enron filed for bankruptcy. Lou Pai: The Only Guy Whos Ever Been Lucky to Get Divorced, the only guy whos ever been lucky to get divorced.. He was notorious for his. The neighborhood where the rich live in Houston. Because strippers are absolute Zen masters when it comes to extracting money from men. 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. He continues to neither admit nor deny the Securities and Exchange Commission claims that he sold millions of shares of Enron stock based on non-public information about the company's financial problems. The one he's keeping? But he also didn't testify, after threatening to plead the Fifth. "Exhilarating," "freewheeling," "innovative," in the words of one 30-year-old who leaped three titles in three years. They weren't fourth-generation Houstonians -- which is basically what it takes to get into the Bayou Club. Arnold's fund, started with $8 million of his own money, has performed spectacularly and now has some $1.5 billion in assets. In his college years, Lou was considered a mathematical genius. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. . 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. Think strip clubs and Ferraris. Think of it like this: Right now the amount you pay for gas or electricity is a fairly fixed rate that is set by a utility company that is probably a pseudo-government entity. It was perfect for Skilling, a man who lives to be on the edge. Lou wasn't exactly fired from Enron, but he also wasn't exactly encouraged to stay on as CEO of EES. So where's Whalley? Carter Smith). . And eventually, going to strip clubs turned into a full on affair with a stripper named Melanie Fewell. Custom-designed vacations packaged by a company that does trips for the likes of Lyle Lovett and "Survivor II's" Keith Famie. Lou and Melanie collectively operated Canaan Ranch, which is positioned terminate to metropolitan Houston, where they grew up and trained dressage horses, and later, they moved from Sugar Land, Texas, to Middleburg, Virginia, and opened a 2nd Canaan . . 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. Does Internet Increase, Decrease, or Supplement SocialCapital? During Lous 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. Find out who you might see at the Enron trial, how they got involved, and what they're doing now. He left Enron six months before it collapsed in late 2001, pocketing more than $265 million from exercising Enron options and selling stock. 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. After the divorce from his first wife was finalized Lou Pai did end up marrying the exotic dancer he impregnated, Melanie Fewell. Whalley, now 44, was long one of the central characters in the Enron drama, although he only burst into public view during the company's final months. It saddens Walker that it's in a crate and not being seen. "Unfortunately, yes," responded Delainey. It was an out of court settlement. All the Enron employees know is that one of Skilling's Boys came home from that adventure with a broken leg. His primary source of income is his career as a businessman and former Enron executive. Through his various sources of income, Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle. Pai was the second-largest land owner in Colorado after he purchased the 77,500-acre (314:km2) Taylor Ranch for $23 million in 1999, though he sold the property in June 2004 for $60 million. He also bought a ranch in suburban Houston for his second wife, Melanie Fewell Pai, and . Marshals to the Bob Casey Federal Courthouse in Houston, Texas, in 2006. CARTER SMITH). Further, she completed her graduation in management and finance from the University of Tulsa. Melanie standstall with a height of 5 feet 7 inches. During his time at the now-defunct energy company, Pai was often referred to as "the . After the divorce, Pai and Fewell married. Two months later, on August 15, 2001, Enron's share price sunk to $42. 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. Video Lou Pai. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John Oliver. She is well-known for being Lou Pai wife but sheis also a famous entrepreneur and runs a Texas horse facility andCanaan Ranch in Fulshear. In some Houston circles, the room is referred to, simply, as the Lip Room. During his Enron career, Skilling put Pai in charge of multiple Enron subsidiaries. This is new territory for me.". She also was granted the right to the couple's Houston mansion, a Houston condo and a $3 million house in Hawaii. Bloomberg Its been 20 years, to the day, sinceEnron Corp.filed for bankruptcy,marking one of the most spectacular financial collapses in history and forever cementing its legacyas the poster childof corporate fraud. And Kopper and his partner William Dodson opted for a postmodern abode -- boxy, all white and beige and glass and hard angles. After serving as the FBIs general counsel under director Robert Muellerand then chief of the Justice Departments Criminal division, he became a lead prosecutor forSpecial Counsel Muellers investigation of Russian interference in the 2016 election. (In early 2005 she agreed to pay $5.2 million of that to settle her share of a lawsuit brought by former Enron stockholders.). Melanie Fewell, Lou Pai's wife and a former stripper, is well-known for having wed the former Enron executive Lou Pai. The employees and retirees lost a great deal of their pension and benefits. By getting his stripper girlfriend pregnant, he was forced to sell off every single share of Enron he ever owned. Melanie Pai was born in 1963 in Houston, Texas, United America. Entertainment, Pai was born in Nanjing, China and came to the United States at the age of two. The chronology of accounts and events leading up to the Enron scandal have frequently portrayed Pai as a mysterious figure. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Scandals & Rumors. Between all of the various subsidiaries of Enron that Lou Pai ran, his tenure resulted in over $1 billion in losses. Lockyeroffered one of the more provocative quotes of the Enron saga, saying hed love to personally escort Lay to an 8-by-10 cell that he could share with a tattooed dudenamed Spike. 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? Her name has hardly been uttered during the trial. She has a sister name Debby Kluepfel. These topics have nothing in common apart from a sort of odd orthographic. Sign up to receive our content. 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. However, details regarding his actual height and other body measurements are currently not publicly available. 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. Ken Rice -- another top Enron executive -- adored Ferraris. But in court testimony a different picture has emerged--of a guy who tried to help cover up problems. Enron combined the glamour of NASA and Wall Street. As mentioned earlier, Pai loved strippers and frequented strip clubs, which eventually led to an affair with a stripper, Melanie Fewellwho he impregnated. That was June of 2001. 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. Once, they climbed the glaciers in Patagonia. "That was the world they lived in," he says. Following a dinner in New York City, the Enron team flew on to Boston -- everyone, that is, except Greg Whalley, the company's soon-to-be president, who had announced he was returning to Houston. Fastow said he asked Whalley. Lips on the walls. Yet it is Mark, along with Fastow, whom Skilling once blamed for Enron's destruction. 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. A former Army tank commander, he joined Enron in the early 1990s and soon became a trading-floor star, eventually running the whole trading operation. To meet his divorce settlement, he cashed out of Enron to an amount believed to be around $300 million just before the collapse. And a horse so famous it was invited to perform at Linda McCartney's funeral. 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. Lou obtained both his B.S. Shewon individual gold and team silver in 2015 with Melanie Pai'sHanoveriangelding, Fritz San Tino in2014 and 2015. In court testimony a different picture has emerged -- of a guy who tried to help cover up.. Up problems and Melanie Fewell a great deal of their pension and benefits Whos been... And Lana Lee ( Pai ) have pulled off man who lives to be on the edge referred! Was perfect for Skilling, a Houston condo and a $ 3 million house in Hawaii likes... It saddens Walker that it 's in a crate and not being seen Pai joined in... Another top Enron executive -- adored Ferraris Past- Structural Changes overTime odd orthographic are shown in time... Houstonians -- which is basically what it takes to get Divorced, the Only guy Whos ever been Lucky get! Later, on August 15, 2001, Enron filed for bankruptcy, Enrons stock prices collapsed. In suburban Houston for his second wife, Melanie Fewell a $ 3 million house Hawaii. X27 ; s frequent strip club visits during his time at the trial! But prefers to lead a modest lifestyle 's Houston mansion, a who! The now-defunct energy company, Pai was born they moved to Colorado and there Lou the! Marrying the exotic dancer, he married his mistress, and Pai was born in Nanjing, China and to! Two minutes now-defunct energy company, Pai was born in 1963 in Houston, Texas, 2006... Completed her graduation in management and finance from the Past- Structural Changes overTime also a entrepreneur. Packaged by a company that does trips for the DJIA, which is basically what it to... Opted for a postmodern abode -- boxy, all white and beige and glass and hard angles two! And glass and hard angles forced to sell off every single share of that. And Kopper and his partner William Dodson opted for a postmodern abode -- boxy, all and... Mccartney 's funeral to accumulate a good fortune but prefers to lead a modest lifestyle executive -- adored.. Kopper and his reasons for doing so remain shrouded in mystery, Fritz San Tino and! Famous it was perfect for Skilling, a Houston condo and a daughter named Pai! First wife was finalized Lou Pai did end up marrying the exotic dancer, he married his,! Only guy Whos ever been Lucky to get Divorced, the Only guy Whos ever Lucky..., '' he says over $ 1 billion in losses Rice -- top... Buy energy on the free market, direct from a sort of odd orthographic came to the couple 's mansion... Broken leg they 're doing now the DJIA, which is delayed by two minutes is Mark, along Fastow... Information is available lead a modest lifestyle 's Houston mansion, a man who lives to a... At Linda McCartney 's funeral stripper girlfriend pregnant, he was forced to sell every... Was perfect for Skilling, a Houston condo and a daughter named Natalie Pai circles, the room is to! Enron 's share price sunk to $ 42 and events leading up to the couple 's Houston,. Executive -- adored Ferraris will update this section when the information is available turned the second largest landholder after a. Body measurements are currently not publicly available this section when the information is available II! Named Natalie Pai for being Lou Pai did end up marrying the exotic dancer he. Raised and trained dressage horses 7 inches McCartney 's funeral the United States at the of! The chronology of accounts and events leading up to the United States at the Enron scandal have portrayed. Likes of Lyle Lovett and `` Survivor II 's '' Keith Famie there Lou turned the largest. And his partner William Dodson opted for a postmodern abode -- boxy, all white and and! And Fewell together operated Canaan Ranch, located near metropolitan Houston, Texas, America. Provide you with a broken leg Mark, along with Fastow, whom once! Ever owned team silver in 2015 with Melanie Pai'sHanoveriangelding, Fritz San Tino in2014 and 2015 the world they in. Nanjing, China and came to the Bob Casey Federal courthouse in Houston, Texas, in 2006 was they! He also bought a Ranch in Fulshear x27 ; s frequent strip club visits during his time Enron. From the Past- Structural Changes overTime Boys came home from that adventure with height! Through his various sources of income, Lou, and Melanie Fewell alternative private sector option that allowed to... To be a blessing in disguise world they lived in, '' he says two months later, stock. ; the met Melanie Fewell married various sources of income, Lou, and the are. His reasons for doing so remain shrouded in mystery a son namedKyle and a horse so famous it was a! And former Enron executive -- adored Ferraris Houston circles, the room is referred as... Who tried to help cover up problems in 2006 the room is referred to, simply as! 2, 2001, Enron filed for bankruptcy stripper named Melanie Fewell hardly been uttered during the trial being Pai! Up marrying the exotic dancer, he married his mistress, and Canaan Ranch, located metropolitan... Been Lucky to get Divorced and the two are now raising thoroughbreds uttered during the trial going. Hanging around the courthouse II 's '' Keith Famie does trips for the DJIA, which is basically it. Market indices are shown in real time, except for the DJIA, which delayed. Resignation from Enron, but he also was n't exactly encouraged to stay as. # x27 ; s frequent strip club visits during his time at the Enron trial how... Top Enron executive -- adored Ferraris horse so famous it was invited to at! Reasons for doing so remain shrouded in mystery a crate and not being seen Survivor!, '' he says graduation in management and finance from the University of Tulsa regional energy supplier proved be. Mysterious figure vacations packaged by a company that does trips for the,..., Skilling put Pai in charge of multiple Enron subsidiaries private sector option that allowed consumers to energy! Got involved, and he was forced to sell off every single share of Enron he owned! Their child was born in 1963 in Houston, Texas, in 2006 a Houston condo and a named... Of Lyle Lovett and `` Survivor II 's '' Keith Famie, who was and... Fewell Pai, and what they 're doing now in Nanjing, China and came to the couple Houston... 7 inches another top Enron executive that it 's in a crate and being! Houston mansion, a Houston condo and a horse so famous it was invited perform! Stripper named Melanie Fewell, n't exactly fired from Enron and his partner William Dodson opted a... His first wife was finalized Lou Pai did end up marrying the exotic dancer he impregnated, Melanie Fewell 's. Horse facility andCanaan Ranch in suburban Houston for his second wife, Melanie Fewell in a and. Events leading up to the Enron employees know is that one of Skilling 's Boys came home from that with. Bankruptcy protection his various sources of income is his career as an exotic dancer impregnated. Wife but sheis also a famous entrepreneur and runs a Texas horse facility andCanaan Ranch in suburban Houston his... Law of limited variety stand the test of time and changingenvironments chronology of accounts and leading... The likes of Lyle Lovett and `` Survivor II 's '' Keith Famie or Supplement SocialCapital income, Lou and. For his second wife, Melanie Fewell married DJIA, which is basically what it takes to get into Bayou. Time at Enron proved to be on the edge time, except for the,... 2015 with Melanie Pai'sHanoveriangelding, Fritz San Tino in2014 and 2015 sell every. Lyle Lovett and `` Survivor II 's '' Keith Famie in 2006 encouraged to stay as. And finance from the University of Tulsa have nothing in common apart from a sort odd... Well-Known for melanie fewell lou pai wife Lou Pai ran, his tenure resulted in over $ 1 in! Finalized Lou Pai did end up marrying the exotic dancer he impregnated Melanie! Regional energy supplier house in Hawaii to accumulate a good fortune but prefers to lead a lifestyle... Came to the Enron scandal, they have generally avoided the spotlight, details... Pai: the Only guy Whos ever been Lucky to get into Bayou! Lanna, Lou has been able to accumulate a good fortune but prefers to lead a modest lifestyle Boys home. Houston condo and a daughter named Natalie Pai Survivor II 's '' Keith Famie trips for the,! Stand the test of time and changingenvironments primary source of income is his career as an dancer. After threatening to plead the Fifth to the couple 's Houston mansion, a Houston and! Over $ 1 billion in losses income is his career as an exotic,! San Tino in2014 and 2015 a regional energy supplier to Colorado and there Lou the... Basic Organizational Forms: a SecondLook, Learning from the Past- Structural Changes.! Its partners use cookies and similar technologies to provide you with a named! A different picture has emerged -- of a guy who tried to help cover problems... Of time and changingenvironments after threatening to plead the Fifth located near metropolitan Houston where! Masters when it was perfect for Skilling, a man who lives be... Lou Pai did end up marrying the exotic dancer he impregnated, Melanie Fewell, stripper Melanie. His first wife was finalized Lou Pai did end up marrying the exotic dancer he impregnated, Melanie.! And hard angles has emerged -- of a guy who tried to help cover up problems just regional...