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[–] 165 points 1 day ago (14 children)

Lmao, didn't a guy from Enron do the same thing?

He knew Enron was about to fail but couldn't sell his shares on the company so faked an affair and divorce so he was forced to sell his shares to pay for the divorce and was able to cash before the shares plunged

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  • [–] 79 points 23 hours ago (6 children)

    Found him: Lou Pai. He had an affair with a stripper and I don't think he was totally faking it because she got pregnant (or maybe he was really committed to the bit). But yes, he was very high up the corporate ladder and the timing of it was highly suspect.

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  • [–] 31 points 21 hours ago (1 child)

    People have babies for way dumber reasons than cashing out millions/billions.

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  • [–] 7 points 14 hours ago

    Absolutely! I was just saying that faking the mistress would suggest that Pai saw Enron getting in trouble and mounted a scandal just to cash out before the crash.

    By all accounts that I've seen, the guy was a certified sleazebag so if he wanted an excuse to get a divorce, he didn't even need to fake anything.

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  • [–] 14 points 21 hours ago

    IIRC from the book The Smartest Guys in the Room Lou Pai was a frequent strip club visitor.

    I’m gonna butcher this, but the story was he would cover himself in cologne to hide the smell before he went home from the club. A coworker he was with asked “wouldn’t you just smell like a glittery person with booze and cologne?” And got subsequently fired for that.

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  • [–] 14 points 1 day ago (4 children)

    lets put a big ding on my reputation so i got an excuse to liquify my assets, priorities i guess

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  • [–] 21 points 1 day ago (2 children)

    Would you rather be a bizarrely rich brief nothing-scandal now laying on a Mexican beach, or a poor nobody on a subway?

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