27 year old John Arnold seems to have had a good year in 2001. If Enron's internal trading records are to be believed, he booked $750m in profits trading natural gas contracts that year. The New York Times reports that trading experts have commented that profits of this kind are staggering. Many of Enron's competitors believe that the figures are highly suspect and improbable.
Arnold was paid a bonus of $8m for 2001, the highest bonus paid to any Enron employee. He has just returned from South Korea and Japan after watching some of the World Cup. He has said: 'It certainly wasn't a normal year. Did I recognize I was having a good year ? Yes. But at some point it's just a number.'
Arnold left Enron in March to start his own hedge fund, Centaurus Energy, which is due to begin trading next month.
The New York Times reports that as his company was collapsing around him, one Enron energy trader was able to book a profit of $750m during 2001.
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