Blogging about all sorts of things--governance in higher education, in businesses, and in law firms; bankruptcy ethics; popular culture & the law; Enron & other corporate fiascos; professional responsibility generally; movies; ballroom dancing; and anything else that gets my attention.
Wednesday, July 30, 2008
A little bit of Enron justice
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.
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