Luo Pai is a Chinese-American businessman best known as the former CEO of Enron Corporation.
The energy giant collapsed in 2001 amid a massive accounting scandal. During his time at Enron, Luo Pai served as CEO of two subsidiaries—Enron Energy Services and Enron Xcelerator, Enron’s venture capital arm.
His tenure at these Enron companies coincided with the company’s collapse and the discovery of Enron’s accounting fraud that led to its bankruptcy.
File
- Full name:
- Stage name: Luo Pai
- Date of birth: June 23, 1947
- Age: 77 years old
- Place of birth: Nanjing, Republic of China.
- Nationality: Chinese American
- Occupation: Chinese American businessman
- Height: Unknown
- Parents: Shih-I Pai
- Siblings: Sue Pai Yang
- Spouse: Melanie Pai (m. 2001), Lanna L. Pai (m. 1976–2000)
- Children: 3
- Relationship: Married
- Net worth: $200 million
Early life and education
Lou Long Pai was born on June 23, 1947 in Nanjing, Republic of China.
He was born and raised in the care of his parents – his father, Shih-I Pai, was a professor of aviation at the University of Maryland, College Park, although his mother’s name is unknown.
Lou Pai has an older sister named Sue Pai Yang, who is believed to be the first Asian American to be appointed as a New Jersey Workers’ Compensation judge.
Lou Pai earned his BA and MA in economics from the University of Maryland. His strong background in economics likely played a role in his later success as an entrepreneur.
Lou Pai’s ethnicity is Chinese American, although the information provided does not specify his religious beliefs.
Career
Luo Pai is a Chinese-American businessman best known for his involvement with Enron, an energy company that collapsed in a massive accounting scandal in the early 2000s.
Pai joined Enron in 1987 and quickly rose through the ranks, becoming CEO of Enron Energy Services (EES), a subsidiary that played a key role in the company’s growth in the 1990s.
Pai’s involvement with Enron was undoubtedly the defining aspect of his career. As head of EES, he played a key role in Enron’s expansion and strategic initiatives.
However, the timing of his departure from the company in 2001, just months before Enron’s collapse, drew attention and fueled speculation about his knowledge of the company’s deepening financial problems.
Pai reportedly sold millions of Enron shares before the company collapsed, allowing him to walk away from the scandal with a substantial personal fortune. The timing and financial gain only added to the controversy surrounding his departure.
Despite the suspicions, Pai was never charged with any criminal wrongdoing in the Enron scandal.
He exercised his Fifth Amendment rights in subsequent class action lawsuits against the company.
As a result of the lawsuit, Pai had to forfeit $6 million of Enron’s insurance money to company officers, which was instead transferred to a fund for Enron shareholders.
Since Enron’s collapse, Pai has largely stayed out of the public spotlight, seemingly content to keep a low profile after the scandal that defined his professional career.
The timing of his departure and the profits he amassed have forever linked his name to one of the most notorious corporate scandals in American history.
Social media
Luo Pai does not have any active social media accounts.
Personal life
Luo Pai, a prominent Chinese-American businessman, has had two significant relationships. He married Lanna Lee in 1976 and they were together for more than two decades. Luo Pai and Lanna Lee have two children together, although their names have not been released.
However, their marriage eventually ended in divorce in 2000 after Luo Pai’s affair with then-girlfriend Robin Fewell was discovered.
After divorcing Lanna Lee, Luo Pai married Robin Fewell, his ex-girlfriend, in 2001. They have been married for many years and are involved in various business ventures together.
Net worth
Luo Pai is a well-known figure in the business world. He amassed a huge fortune of about $200 million during his time as CEO of Enron Energy Services and Enron Xcelerator.
It is important to note that this huge fortune was amassed before the collapse of Enron, a major corporate scandal that ultimately led to the company’s downfall.
