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Lou Pai
Lou Lung Pai () (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 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 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 invisible CEO". Background Pai was born in Na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nanjing
Nanjing or Nanking is the capital of Jiangsu, a province in East China. The city, which is located in the southwestern corner of the province, has 11 districts, an administrative area of , and a population of 9,423,400. Situated in the Yangtze River Delta, Nanjing has a prominent place in Chinese history and Chinese culture, culture, having served as the historical capitals of China, capital of various Dynasties in Chinese history, Chinese dynasties, kingdoms and republican governments dating from the 3rd century to 1949, and has thus long been a major center of culture, education, research, politics, economy, transport networks and tourism, being the home to Port of Nanjing, one of the world's largest inland ports. The city is also one of the fifteen sub-provincial city, sub-provincial cities in the People's Republic of China's Administrative divisions of the People's Republic of China, administrative structure, enjoying jurisdictional and economic autonomy only slightly les ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of China (1912-1949)
Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main geography of Taiwan, island of Taiwan, also known as ''Formosa'', lies between the East China Sea, East and South China Seas in the northwestern Pacific Ocean, with the China, People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south. It has an area of , with mountain ranges dominating the eastern two-thirds and plains in the western third, where its Urbanization by country, highly urbanized population is concentrated. The combined Free area of the Republic of China, territories under ROC control consist of list of islands of Taiwan, 168 islands in total covering . The Taipei–Keelung metropolitan area, largest metropolitan area is formed by Taipei (the capital), New Taipei City, and Keelung. With around 23.9 million inhabitants, Taiwan is among the List of countries and dependencies by population density, most densely populated countries. Tai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enron People
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was led by Kenneth Lay and developed in 1985 via a merger between Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. ''Fortune'' named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001, it was revealed that Enron's reported financial condition was sustained by an institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal. Enron became synonymous with willful, institutional fraud and systemic corruption. The scandal brought into question the accounting practices and activities of many corporations in the United St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Danny Pang (financier)
Danny Pang (), (December 15, 1966 – September 12, 2009) was an American businessman, financier, and fraudster. He ran the Private Equity Management Group, Inc. and Private Equity Management Group, LLC (PEMGroup) which claimed to manage $4 billion. The funds were invested mainly on behalf of Taiwanese investors, in American securities, timeshare properties, and insurance policies. He was arrested by the FBI on April 28, 2009, for structuring cash transactions to avoid a $10,000 reporting threshold, which has a maximum ten-year prison sentence. The U.S. Securities and Exchange Commission in a civil suit alleged that he ran a Ponzi scheme and misreported his background to investors, by claiming that he had been a vice-president at Morgan Stanley and had an MBA degree from the University of California at Irvine. The SEC announced on April 27 that it had obtained a freeze on the assets of Pang and his two firms, as well as an order to turn in his passports. His former partner ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wellington, Florida
Wellington is a village west of West Palm Beach in Palm Beach County and north of Miami. It is part of the Miami metropolitan area and the fifth largest municipality in Palm Beach County by population. As of the 2020 census, the village had a population of 61,637 according to the U.S. Census Bureau, making it the most populous village in the state. History In the 1950s, Charles Oliver Wellington, an accountant from Massachusetts, purchased about of central Palm Beach County swampland located south of Florida State Road 80 (locally known as Southern Boulevard) and west of U.S. Route 441. Wellington named the property Flying Cow Ranch, due to his other occupation as an aviator and his initials spelling the word "cow". The ranch became protected against floodwaters from the Everglades after the United States Army Corps of Engineers constructed a levee to the south of the property between 1952 and 1953. Following his death in 1959, his son Roger inherited the property. The family ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middleburg, Virginia
Middleburg is a town in Loudoun County, Virginia, United States, with a population of 673 as of the 2010 census. It is the southernmost town along Loudoun County's shared border with Fauquier County. Middleburg is known as the "Nation's Horse and Hunt Capital" for its foxhunting, steeplechases, and large estates. The Middleburg Historic District, comprising the 19th-century center of town, is listed on the National Register of Historic Places. History The town was established in 1787 by Revolutionary War officer and statesman Leven Powell. He purchased the land for Middleburg at $2.50 per acre in 1763 from Joseph Chinn, a first cousin of George Washington. It had been called "Chinn's Crossroads" and was then called Powell Town. When Leven Powell declined to have the town named after him, the town was called Middleburgh, and later, simply Middleburg. The village is located midway between the port of Alexandria and Winchester, Virginia, on the Ashby Gap trading route (now ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sugar Land, Texas
Sugar Land (sometimes incorrectly spelled as Sugarland) is the largest city in Fort Bend County, Texas, United States, located in the southwestern part of the metropolitan area. Located about southwest of downtown Houston, Sugar Land is a populous suburban municipality centered around the junction of Texas State Highway 6 and Interstate 69/ U.S. Route 59. Beginning in the 19th century, the present-day Sugar Land area was home to a large sugar plantation situated in the fertile floodplain of the Brazos River. Following the consolidation of local plantations into Imperial Sugar Company in 1908, Sugar Land grew steadily as a company town and incorporated as a city in 1959. Since then, Sugar Land has grown rapidly alongside other edge cities around Houston, with large-scale development of master-planned communities contributing to population swells since the 1980s. Sugar Land is one of the most affluent and fastest-growing cities in Texas. The 2020 United States Census repor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dressage
Dressage ( or ; , most commonly translated as "training") is a form of horse riding performed in exhibition and competition, as well as an art sometimes pursued solely for the sake of mastery. As an equestrianism, equestrian sport defined by the International Federation for Equestrian Sports, International Equestrian Federation, dressage is described as "the highest expression of horse training" where "horse and rider are expected to perform from memory a series of predetermined movements". Competitions are held at all levels from amateur to the Olympic Games and World Equestrian Games. Its fundamental purpose is to develop, through standardized progressive training methods, a horse's natural athletic ability and willingness to perform, thereby maximizing its potential as a Equestrianism, riding horse. At the peak of a dressage horse's gymnastic development, the horse responds smoothly to a skilled rider's riding aids, minimal aids. The rider is relaxed and appears effort-free w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Credit
Carbon offsetting is a carbon trading mechanism that enables entities to compensate for offset greenhouse gas emissions by investing in projects that reduce, avoid, or remove emissions elsewhere. When an entity invests in a carbon offsetting program, it receives carbon credit or offset credit, which account for the net climate benefits that one entity brings to another. After certification by a government or independent certification body, credits can be traded between entities. One carbon credit represents a reduction, avoidance or removal of one metric tonne of carbon dioxide or its Global warming potential, carbon dioxide-equivalent (CO2e). A variety of greenhouse gas reduction projects can qualify for offsets and credits depending on the scheme. Some include forestry projects that avoid logging and plant saplings, renewable energy projects such as wind farms, biomass energy, biogas digesters, Hydroelectric Dams, hydroelectric dams, as well as Efficient energy use, energy ef ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Culebra Peak
Culebra Peak (Spanish for "snake") is the highest summit of the Culebra Range of the Sangre de Cristo Mountains of the Rocky Mountains of North America. The fourteener is located on private land, east-southeast ( bearing 113°) of San Luis in Costilla County, Colorado, United States. Culebra Peak is the southernmost fourteener in the Rocky Mountains. Geography Access is limited, and a fee ($150 per person as of Summer 2020) is charged to climb the peak. Ownership of and access to the land, both for recreational and other activities, have been controversial issues for many years, involving multiple lawsuits and occasional violence. In 2017 the ranch the peak was offered for sale for $105 million, and sold later that year for an undisclosed amount. Culebra is the fourth-most topographically prominent peak in the state, due to its separation from other peaks by the relatively low La Veta Pass. According to the current owners of Cielo Vista Ranch, within which the peak is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insider Trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information are illegal. The rationale for this prohibition of insider trading differs between countries and regions. Some view it as unfair to other investors in the market who do not have access to the information, as the investor with inside information could potentially make larger profits than an investor without such information. However, insider trading is also prohibited to prevent the director of a company (the insider) from abusing a company's confidential information for the director's personal gain. The rules governing insider trading are complex and vary significantly from country to country as does the extent of enforcement. The definition of insider in one jurisdiction can be broad and may cover not only insiders themselves but also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenneth Lay
Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman and political donor who was the founder, chief executive officer and chairman of Enron. He was heavily involved in Enron's accounting scandal that unraveled in 2001 into the largest bankruptcy ever to that date. Lay was indicted by a grand jury and was found guilty of 10 counts of securities fraud at trial. Lay died in July 2006 while vacationing in his house near Aspen, Colorado, three months before his scheduled sentencing. A preliminary autopsy reported Lay died of a heart attack caused by coronary artery disease. His death resulted in a vacated judgment. Conspiracy theories regarding Lay's death surfaced, alleging that it was faked. Lay left behind "a legacy of shame" characterized by "mismanagement and dishonesty". In 2009 a list posted on Portfolio.com ranked Lay as the third-worst American CEO of all time. His actions were the catalyst for subsequent and fundamental corporate reform in regard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
