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.
What We've Been Reading
The Billionaire's Apprentice
The Buy Side: A Wall Street Trader's Tale of Spectacular ExcessRegister for Financial Markets email alerts
Latest Videos
Latest in Financial Markets
back-up- Millions Of Emails Being Scanned In The Hunt For More Banker Wrongdoing
- Nomura Cutting Heads, Jefferies Profit Declines
- Some UK Bankers Face Decade-Long Bonus Delays
- Tyrie Report: Now Lock Up The Banksters
- Why 60 Is The New 30
- Deloitte Pays $10m Over Standard Chartered Work
- Standard Chartered Announces Board Changes
- British Financial Authorities Look To Snatch Back US Lead Over Libor
- The 2013 Best in Class Recruitment Polls Final Wednesday Update
- Here Is The City Hits New Readership High - 6,078,343 Visits In The Last Month
- Recruitment Firms We Like 2013
- 11 Things That Happened On This Day In History - 19th June
- 7 Things A Front Office Employee Needs To Be A Success
- 7 Things A Middle Office Employee Needs To Be A Success
- The Billionaire's Apprentice
- US Falls Behind In Creating Rich Entrepreneurs
- Report - Top Firm Plans To Cut More Than 5,000 Jobs
- 5 Things Not To Do During An Exit Interview
- Ex-UBS / Citi Trader Charged
- Former KPMG Senior Partner: 'I Know I Betrayed Them'
- Singapore Smog Is Worst In 16 Years
- BofA Accused Over Alleged Dirty Tricks
- Traders To Receive Pay-Off After Decision That Could Have Wrecked Their Careers
- Immortality Can Become A Reality: Google Engineer
- BNP Beefs Up U.S. Investment Bank, Goldman Fallout
- People News - C Suisse, Guggenheim, HSBC, JPMorgan, Jefferies
- BlackRock Top Man Takes Medical Leave, Barclays Looking For 700 Staff
- Regulator Resigns After Bingo Fraud Leak
- End Of 'Old Boys Club' For Banks In Singapore ?
- Five Rules For Cursing In The Workplace Like Jamie Dimon
- UBS Regrets, Names Emerging Markets Exec
- Immortality By 2035 ?
- Deutsche Bank 'Horribly Undercapitalized': Regulator
- RBS Chairman Stands Firm After Forced Exit Of Boss Hester
- Fidelity Star Bolton To Retire After Poor China Returns
- RBS, UBS Among The 20 Banks Censured By Singapore Regulator On Traders’ Bids To Manipulate Rates
Features
Jobs on Careers
- Client Services Analyst Fund of Hedge Funds
- 0 - 2 YEARS PQE ACA - FINANCE BUSINESS PARTNER
- Product Management Fund Services Associate
- Senior Quantitative Developer (C++/C#/Excel / VBA) Front Office FX / Fixed Income / London Global Investment Bank, City of London
- Senior Web Security Consultant
- Credit Risk Analyst
- Product Manager - Mortgages
- Background Vetting Administrator - Surrey
- Elite C++ Developer Equity Options Automated Market Making - Global Investment Bank - NYC, USA;
- Trainee Voice Support Technician - Bank - Birmingham
News 24/7