Lou Pai

Uncommon card · No. 170968

Lou Lung Pai (Chinese: 白露龍; pinyin: Bái Lòulóng) (born June 23, 1947) is a Chinese-American businessman and former Enron executive. He was CEO of Enron subsidiaries Enron Energy Services and Enron Xcelerator, a venture capital division. He left Enron with over $250 million. 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. Pai was not charged with any criminal wrongdoing in the Enron scandal and exercised his Fifth Amendment rights in regard to the subsequent Enron class action lawsuits. As a result of the lawsuit, Pai forfeited $6 million that was due to him from Enron's insurance policy for company officers to a fund for Enron shareholders. Accounts of the Enron scandal have frequently portrayed him as a mysterious figure; a former Enron employee, interviewed in the 2005 documentary film Enron: The Smartest Guys in the Room, referred to Pai as "the...

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