How did Lou Pai get away?
When you put it all together, Lou Pai is one of the luckiest people on the planet. By getting his stripper girlfriend pregnant, he was forced to sell off every single share of Enron he ever owned. He walked away just below the peak of Enron’s stock price with an estimated…
What was Enron net worth?
The business press ate it up; so did Wall Street, sending the stock into the stratosphere. At its peak, Enron was worth about $70 billion, its shares trading for about $90 each.
What does Jeff Skilling do now?
Today, Skilling is back in Houston, where he is working on a start-up firm in the energy industry, Veld Applied Analytics. According to its website, the company is developing “sophisticated analytical tools to establish and monitor valuation” of oil and natural gas assets.
Where is Andy Fastow now?
His prison sentence of 24 years was eventually reduced, and he left prison in 2019. He is now back in the energy world, according to a report that quotes unnamed people.
What happened Artur Andersen?
CHICAGO, Aug, 31, 2002 — — After 89 years in business, Arthur Andersen LLP on Saturday ended its role as auditor of public companies. The Chicago-based company was convicted in June of obstruction of justice for shredding and doctoring documents related to Enron audits.
What happened to Enron’s assets?
The Enron scandal drew attention to accounting and corporate fraud as its shareholders lost $74 billion in the four years leading up to its bankruptcy, and its employees lost billions in pension benefits.
Who was the whistleblower in Enron?
Sherron Watkins
‘Justice was served’: Enron whistleblower reflects on 20th anniversary of company’s collapse. Sherron Watkins was an Enron VP when she warned boss Ken Lay of an impending “implosion.”
What happened to David Duncan?
He currently resides in Houston, Texas and has three daughters. He withdrew his guilty plea on December 12, 2005, after the overturning of the Arthur Andersen conviction.
Is Arthur Anderson still in business?
After nearly nine decades, Andersen ends role as auditor of public companies. CHICAGO, Aug, 31, 2002 — — After 89 years in business, Arthur Andersen LLP on Saturday ended its role as auditor of public companies.