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Corporate Governance

: Nancy Rapoport's Blogspot

A little bit of Enron justice

By Nancy Rapoport

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According to this morning's news (see here), Lou Pai will pay $31.5 million to settle alleged insider trading charges.  Considering the size of the profits that Pai made from his sale of Enron stock, $31.5 million is a drop in the bucket; nonetheless, the $25.5 million that he'll actually pony up (the SEC is giving him a $6 million credit for the corporate insurance policy payout that he forfeited earlier) will be a welcome infusion for the fund for Enron shareholders.

Full post as published by Nancy Rapoport's Blogspot on July 30, 2008 (boomark / email).

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