The Shaw Group Inc.,
a Baton Rouge-based corporation that builds industrial facilities such as power plants, has become Louisiana's second Fortune 500 company. Last week, Fortune magazine ranked Shaw at No. 479. The company, which has 3,000 Louisiana employees, has accomplished recent growth by building new power plants and acquiring struggling but reputable companies. The state's other Fortune 500, Entergy Corp., listed at No. 224.
Jefferson Parish Judge Ronald
will likely serve from 2 1/2 to 3 1/2 years in federal prison after pleading guilty to felonies he had long denied committing. Last week Bodenheimer admitted he conspired to plant drugs on a critic of the marina he owns; he planned to rig a child-custody case in restaurateur Al Copeland's favor in order to secure lucrative seafood contracts; and he lowered or split bonds for a bail bondsman, maximizing profits in exchange for gifts and services.
New Orleans Public Schools
showed a $31 million-plus budget gap that state auditors blame on atrocious money management. Last week's audit showed that, among other errors, the district neglected for months to deposit millions of dollars, forfeiting significant interest; it had to pay more than $1 million in interest and fees due to late tax payments; it routinely overpaid agencies, institutions and employees; and failed to collect reimbursements it was owed.