Public companies Blog Posts

Lechleiter's reign at Lilly

March 31, 2008
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Tomorrow, John Lechleiter takes over from Sidney Taurel as CEO of Eli Lilly and Co. A chemist who came up through Lillyâ??s labs, marketing and finally, as president and chief operating officer, Lechleiter faces major pressure. Lilly stock has trended...
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Drugmakers versus consumers

February 25, 2008
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Congress and the courts long have tried to balance regulations to try to protect consumers while giving companies space to operate. Last week, the U.S. Supreme Court ruled 8-1 to limit lawsuits against medical device makers if the Food...
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WellPoint yanks controversial letter

February 13, 2008
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Californians are howling over the recent discovery that one of WellPointâ??s units made a practice of asking doctors to report conditions that the insurance company could use to cancel medical coverage for new patients. The letter amounted to asking doctors to...
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Do doctors make too much money?

February 12, 2008
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Health insurance companies including Indianapolis' own WellPoint Inc. have been relentless in trying to suppress spiraling health costs. So relentless, in fact, that doctors are pushing back. Physician groups in Kokomo, Rushville and other cities are refusing to take new patients...
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Who will win the banking wars?

February 4, 2008
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Itâ??s no secret that banks are in upheaval thanks to the subprime mortgage crisis and the domino affect mess itâ??s creating. In an IBJ story over the weekend, reporter Cory Schouten discusses the local grab for market share, as...
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Get ready for radio shock

December 27, 2007
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If you've memorized the local radio dial, you can forget a lot of it beginning next month. As IBJ reporter Anthony Schoettle wrote in this weekend's paper, several stations are starting new formats. We'll hear plenty of promos as they try...
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Non news is good news for Lilly

December 18, 2007
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Eli Lilly and Co.â??s announcement this morning that President and Chief Operating Officer John Lechleiter would succeed CEO Sidney Taurel in April was a picture of smooth succession planning. Lechleiterâ??s ascension had been expected for so long that the news was...
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Count 'em: two IPOs

December 17, 2007
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Itâ??s been awhile since the Indianapolis area has had two initial public offerings in the works at the same time, but thatâ??s exactly what we have. And theyâ??re software firms to boot â?? businesses Indianapolis and other Midwestern cities have...
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Anthem loses disclosure fight

November 21, 2007
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The Blue Cross and Blue Shield plan that Indianapolis-based WellPoint Inc. operates in Connecticut has backed out of managing part of an insurance program rather than disclose the rates it pays doctors and its approach to denying prescription drug payments....
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Does WellPoint's Braly show trend?

November 19, 2007
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Angela Braly, WellPointâ??s CEO, has not only made The Wall Street Journal â??s list of â??50 Women to Watchâ?? but she hit the top spot. Not so long ago Braly was largely unknown right here in WellPointâ??s headquarters city. Does Bralyâ??s rise...
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Finish Line throws down gauntlet

November 16, 2007
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Finish Line has played the â??material adverse effectâ?? card in its battle to break off its acquisition of Genesco. The Indianapolis company didnâ??t elaborate in yesterdayâ??s SEC filing, but Finish Line has repeatedly made clear that encountering problems with long-term implications...
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Is Lilly friendly to minorities?

November 15, 2007
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The National Urban League gave Eli Lilly and Co. its highest corporate honor today for helping with a health outreach program to African-Americans. Just two weeks ago another venerable civil rights group, the NAACP, backed a lawsuit filed for current and...
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Saving Steak n Shake

November 12, 2007
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Lots of Hoosiers have warm-and-fuzzy feelings for Steak n Shake. Wall Street's feelings are an entirely different matter. As the company readies to announce fiscal fourth quarter financial results this Thursday, investors are exasperated. The company has reported eight straight quarters...
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Will ATA leave Indy entirely?

November 9, 2007
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IBJ reporter Chris Oâ??Malley reported last weekend that ATA Airlinesâ?? parent company has quietly moved its headquarters to Peachtree City, Ga. Global Aero Logistics no longer flies out of Indianapolis International Airport, but it has other operations here that employ...
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  4. Elected officials, like Mourdock, get vested in 8 years. It takes 10 years for all other public employees, most of whom make a lot less money. So much for the promise to finish out his term.

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