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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: opalapril who wrote (4296)	8/1/2002 12:17:31 PM
From: Dorine Essey	Read Replies (1) \| Respond to of 5185

While Lay flies around to Private Golf Clubs in his private jet WCOM Exes get indited. Dorine

To: opalapril who wrote (4296)	8/2/2002 10:37:22 PM
From: Mephisto	Read Replies (1) \| Respond to of 5185

But Bush's buddies Kenneth Lay and Thomas White who now heads Army go free!!! I suppose if they indicted Lou Pai they would have to go after Thomas White since White worked at Enron Energy. Feb. 6, 2002, 9:43PM Quiet former exec back in spotlight Reuters News Service WASHINGTON -- Lou Pai slipped quietly away from Enron Corp. last June, but the $270 million the longtime executive made cashing in his stock options is pulling him back into the tumult around the fallen energy trader. By most accounts, Pai's quiet exit was typical of a low-key but mostly successful career at the Houston-based energy trader. Though his last few years running Enron Energy Services, the firm's retail energy business, included some setbacks, he was regarded as a gifted operations executive. "There is a saying that the best of all leaders is but a shadowy presence, and that was Lou," said a former employee who worked for Pai at EES. "He just never seemed to be there, but he threw his weight around when it was needed." The 54-year-old Enron executive is still mostly in the shadows. But Pai's name recognition has grown -- chiefly since he was sued for what plaintiff's lawyers allege was insider trading to the tune of $270 million. For that tidy sum, minus taxes and the cost of exercising his roughly 5 million options, Pai's name tops the list of 29 Enron insiders and directors who are being sued. Pai, who owns a horse breeding ranch near Houston and a part of a massive Colorado ranch that Enron employees call "Mount Pai," raked in nearly three times as much money as former Chairman and Chief Executive Ken Lay. He is a distant second with $101 million. Pai's lawyer, J.C. Nickens, said during a court hearing earlier this year that his client had to cash out to pay a divorce multimillion-dollar settlement, a fact that others have corroborated. Pai, through his lawyer, declined be interviewed