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Published · transcript-backed

Ben Gilbert: belief

29 Nov 2022 Acquired Enron

“I think the thing that he did—just to clarify a little bit—is he basically herded the traders.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
29 Nov 2022
Publisher
Acquired
Episode
Enron

Transcript context

…It was super explicit. It's not like this was actually footage of Lou in the strip club. It's B-roll footage of strip clubs. Lou Pai. I think the thing that he did—just to clarify a little bit—is he basically herded the traders. Think about traders in the 80s. They hired these people who, one of the quotes is, "If I was on my way to the bathroom, and someone said that I could double my pay by stepping on someone's throat, I would absolutely step on his throat." That's the type of people that they're hiring to make money both for Enron and for themselves. Lou Pai is the cowboy who's herding them all. Lou, the other reason we bring him up, I guess, is because of his obsession with strippers. Ben, you said he leaves his wife that he's been with for 20 years. He runs off with a stripper. Because of that, he gets divorced from his wife. He ends up leaving Enron well before the fall. He sells his stock to finance the divorce for a quarter billion dollars. He makes $250 million.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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