Shaw (SHAW) CEO James Bernhard last week sold 0.99M of his 1.13M shares in the company after...

|About: Shaw Group Inc. (SHAW)|By:, SA News Editor

Shaw (SHAW) CEO James Bernhard last week sold 0.99M of his 1.13M shares in the company after investors approved its sale to Chicago Bridge & Iron (CBI) in a $3B deal. Bernhard has been criticized by Denali Investors, which owns 1.1% in Shaw, for agreeing on a price that was too low. Denali wants a special committee to probe Bernhard for a possible conflict of interest, speculating that he may have political ambitions that influenced the timing the sale.