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Lou Pai
Lou Lung Pai () (born 23 June 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 (; , Mandarin pronunciation: ), alternately romanized as Nanking, is the capital of Jiangsu province of the People's Republic of China. It is a sub-provincial city, a megacity, and the second largest city in the East China region. The city has 11 districts, an administrative area of , and a total recorded population of 9,314,685 . Situated in the Yangtze River Delta region, Nanjing has a prominent place in Chinese history and culture, having served as the capital of various 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 one of the world's largest inland ports. The city is also one of the fifteen sub-provincial cities in the People's Republic of China's administrative structure, enjoying jurisdictional and economic autonomy only slightly less than that of a province. Nanjing has be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Smartest Guys In The Room
''Enron: The Smartest Guys in the Room'' is a 2005 American documentary film based on the best-selling 2003 book of the same name by ''Fortune'' reporters Bethany McLean and Peter Elkind, who are credited as writers of the film alongside the director, Alex Gibney. It examines the 2001 collapse of the Enron Corporation, which resulted in criminal trials for several of the company's top executives during the ensuing Enron scandal, and contains a section about the involvement of Enron traders in the 2000-01 California electricity crisis. Archival footage is used alongside new interviews with McLean and Elkind, several former Enron executives and employees, stock analysts, reporters, and former Governor of California Gray Davis. The film won the awards for Best Documentary Feature at the 21st Independent Spirit Awards and Best Documentary Screenplay at the 58th Writers Guild of America Awards. It was nominated for the Academy Award for Best Documentary Feature at the 78th Academ ... [...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 just west of West Palm Beach in Palm Beach County and north of Miami. As of 2019, the city had a population of 65,398 according to U.S. Census Bureau estimates, making it the most populous village in the state. It is the fifth largest municipality in Palm Beach County by population. Wellington is part of the Miami metropolitan area. 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 south of the property between 1952 and 1953. Following his death in 1959, his son Roger inherited the property. The fam ... [...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 American Revolutionary War Lieutenant Colonel and Virginia 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 As ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sugar Land, Texas
Sugar Land 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. Its population increased more than 158% between 1990 and 2000. Between 2000 and 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dressage
Dressage ( or ; a French term, most commonly translated to mean "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 equestrian sport defined by the 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 riding horse. At the peak of a dressage horse's gymnastic development, the horse responds smoothly to a skilled rider's minimal aids. The rider is relaxed and appears effort-free while the horse willingly performs the requested movement. The discipli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Credit
A carbon credit is a generic term for any tradable certificate or permit representing the right to emit a set amount of carbon dioxide or the equivalent amount of a different greenhouse gas (tCO2e). Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). One carbon credit is equal to one tonne of carbon dioxide, or in some markets, carbon dioxide equivalent gases. Carbon trading is an application of an emissions trading approach. Greenhouse gas emissions are capped and then markets are used to allocate the emissions among the group of regulated sources. The goal is to allow market mechanisms to drive industrial and commercial processes in the direction of low emissions or less carbon intensive approaches than those used when there is no cost to emitting carbon dioxide and other GHGs into the atmosphere. Since GHG mitigation projects generate credits, this approach can be used t ... [...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 prominent 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 range. 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. See also *List of mountain peaks of North America *List of mountain peaks of th ... [...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 is illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make. The rules governing insider trading are complex and vary significantly from country to country. The extent of enforcement also varies from one country to another. The definition of insider in one jurisdiction can be broad, and may cover not only insiders themselves but also any persons related to them, such as brokers, associates, and even family members. A person who becomes aware of non-public information and trades on that basis may be guilty of a crime. Trading by specific insiders, such as employees, is commonl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeffrey Skilling
Jeffrey Keith Skilling (born November 25, 1953) is an American businessman who is best known as the CEO of Enron Corporation during the Enron scandal. In 2006, he was convicted of federal felony charges relating to Enron's collapse and eventually sentenced to 24 years in prison. The US Supreme Court heard arguments in the appeal of the case March 1, 2010."High Court Hears ex-Enron CEO Skilling's Appeal" by Mark Sherman, , via ''yahoo.com'', March 1, 2010 (ran in ''The New York Times'' March 1 or 2, 2010, p. 4 of NY ed., but no longer linked online). Yahoo link retrieved June 9, 2010; info vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
