Enron's "King of Natural Gas" turns to power philanthropy. Goes after "lavish" pensions.
John and Laura Arnold
Power philanthropist and billionaire hedge-funder John Arnold comes out of Enron's criminal enterprise. Arnold made millions trading natural gas derivatives at Enron and then billions from his hedge fund. He was known on Wall Street as the "king of natural gas." But when natural gas prices slumped, he turned full-time to running his foundation along with wife, Laura. According to the John and Laura Arnold Foundation, the fund has assets of $1.2 billion. They probably figured, if Bill and Emily could make the jump from Microsoft...
The pair have tried and reinvent themselves and escape further Enron tarring by setting up their own foundation "which seeks to effect transformative change in some of our nation’s most pressing and complex policy areas, including education, criminal justice, research integrity, public accountability and health care."
What is this "transformative change" they wish to bring to public education?
They have been one of the largest benefactors behind Paul Vallas'
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| John and Laura Arnold |
Power philanthropist and billionaire hedge-funder John Arnold comes out of Enron's criminal enterprise. Arnold made millions trading natural gas derivatives at Enron and then billions from his hedge fund. He was known on Wall Street as the "king of natural gas." But when natural gas prices slumped, he turned full-time to running his foundation along with wife, Laura. According to the John and Laura Arnold Foundation, the fund has assets of $1.2 billion. They probably figured, if Bill and Emily could make the jump from Microsoft...
The pair have tried and reinvent themselves and escape further Enron tarring by setting up their own foundation "which seeks to effect transformative change in some of our nation’s most pressing and complex policy areas, including education, criminal justice, research integrity, public accountability and health care."
What is this "transformative change" they wish to bring to public education?
They have been one of the largest benefactors behind Paul Vallas'
