Lou Pai Escaped Enron's Bankruptcy

Lou Pai Escaped Enron's Bankruptcy

An Enron executive named Lou Pai had an affair with a stripper that resulted in a pregnancy, prompting his wife of more than 20 years to file for divorce. To meet the financial terms of the settlement, Pai cashed out approximately $250 million in Enron stock between May and June 2001. Just months later, Enron's share price collapsed, and the company filed for bankruptcy protection. Pai escaped the crash and later married the woman at the center of the divorce.

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