Maginnis: Shaw's Bernhard may consider run for governor
Right after the question of the future of the Shaw Group in Louisiana is, What's next for its retiring chairman and CEO, Jim Bernhard? Louisiana politics, perhaps, according to one source who tells LaPolitics the Democrat might jump into the Public Service Commission election this fall. From there, several political sources agree, the logical step would be to run for governor in 2015. Bernhard did not return a phone call for comment. Should Bernhard take that path, he would be the dream candidate for state Democrats, now on the brink of electoral despair. The open PSC seat would be a natural fit, with his record of building a pipe fabrication company into an energy and construction engineering giant. As a potential candidate for governor in 2015, he would offer unquestioned job creation credentials. Bernhard is not exactly idle. Still Shaw chairman and CEO, he has to guide the public company through the completion of the acquisition by Dutch firm CB&I in January. After that, though, he will retire, according to this week's announcement. Estimates of his payoff start at $55 million.
(John Maginnis publishes LaPolitics Weekly, a newsletter on Louisiana politics, at LaPolitics.com.)
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