Compensation

Executive pay continues on upswing

May 24, 2014
Dan Human
The median senior executive collected $923,705 in salary, stock or stock options, incentive pay and perks in 2013, IBJ found in a review of proxy statements at 64 companies.The median compensation rose 20 percent from 2012 and doubled since 2006.
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Option grant lifts compensation for Angie's List's Oesterle

April 14, 2014
Chris O'Malley
Stock options accounted for the biggest chunk of the CEO's compensation. Their value will depend on the company's future stock performance.
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WellPoint CEO lands nearly $17M in first year

April 2, 2014
J.K. Wall
Compensation for Joe Swedish included $4.1 million in perks, such as $3.8 million he would have received in his previous job, $79,000 in relocation expenses, and $82,000 for his legal fees from contract negotiations.
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Lilly CEO got 10-percent pay boost last year

March 24, 2014
J.K. Wall
Lilly CEO John Lechleiter was paid $11.2 million in salary, bonus, stock and perks last year, according to Lilly's proxy statement filed Monday morning. That represented a 10-percent increase over his take in 2012.
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ExactTarget's current and former CFOs depart firm

March 11, 2014
Dan Human
Steve Collins and Traci Dolan, who both have served as ExactTarget's chief financial officer, have departed the recently acquired company.
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Simon amends plan for CEO's controversial $154M bonus

January 3, 2014
Mason King
Simon Property Group has tied CEO David Simon's $154 million retention bonus to the financial performance of the company, but plaintiffs in a related legal action are not satisfied.
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Another top executive leaves Angie's List

October 1, 2013
Chris O'Malley
Shares of the consumer review service have dropped more than 12 percent since the company announced Monday that Chief Technology Officer Manu Thapar had departed. The firm recently hired a new chief financial officer.
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Citizens Energy quizzed on exec pay levelsRestricted Content

July 6, 2013
Chris O'Malley
Citizens Energy Group has enjoyed a certain amount of public good will over the last 125 years as a not-for-profit, charitable trust. But rising incentive pay to the trust’s top brass recently has conjured up images of an investor-owned utility—and the scrutiny of regulators.
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Firms ladle trips, car allowances on top of rich pay packagesRestricted Content

May 18, 2013
Dan Human
Senior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana companies.
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WellPoint execs get double-digit pay bumps while stock falls

April 4, 2013
J.K. Wall
The Indianapolis-based health insurer’s board of directors approved higher compensation heading into 2012, after most of its top executives saw their pay hold steady or decline in 2011.
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Outgoing WellPoint CEO made more than $20M last year

April 2, 2013
Associated Press
The compensation paid to outgoing Wellpoint Inc. CEO Angela Braly last year rose 56 percent, even as the company's shares slid on lower enrollment in its Blue Cross Blue Shield health plans.
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Lawsuit over Simon's bonus may expose board's mindset

March 9, 2013
Greg Andrews
The $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.
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Hospitals paying big to snag surgeonsRestricted Content

February 9, 2013
J.K. Wall
Across the four largest hospital systems in central Indiana, six physicians received more than $1 million in compensation in 2011 while two others received more than $900,000 and nine others received $700,000 or more, according to the hospitals’ most recent reports to the IRS.
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Marsh to call former CEO as first witness

February 4, 2013
Scott Olson
The lead lawyer for Marsh Supermarkets Inc. expects to call Don Marsh as its first witness when the civil trial against him reconvenes Tuesday. The grocery chain alleges that the former CEO used company funds to pay more than $3 million in personal expenses.
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Former brokerage VP suing for sex, age discrimination

December 27, 2012
Dan Human
Attorneys for Dana Hurst say in a Dec. 20 court filing that David A. Noyes & Co. didn't grant her pay increases or year-end bonuses during her last 15 years on the job, while male counterparts were better rewarded.
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HICKS: Some additional clarity on gender and payRestricted Content

October 27, 2012
Mike Hicks
The facts by themselves offer no cause or understanding of the issue, much less an explanation of potential policy interventions.
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Six BrightPoint execs to share $31M golden parachute

August 22, 2012
Dan Human
Brightpoint Inc. CEO Robert Laikin stands to receive $14.1 million after his company is acquired by Santa Ana, Calif.-based Ingram Micro Inc., say SEC documents released this week.
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Simon Property directors sued over CEO’s pay

August 8, 2012
Bloomberg News
The board of the largest U.S. shopping-mall owner wrongfully authorized a compensation package for CEO David Simon that included $120 million in special stock awards, a Louisiana pension fund claimed in the lawsuit filed Wednesday.
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Dems grumbling over big raises for Ballard's staff

July 31, 2012
Kathleen McLaughlin
Indianapolis Mayor Greg Ballard’s staff received a collective 18-percent raise this spring following the hiring of a new deputy for education with an annual salary of $120,000.
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SPECIAL REPORT: Stock-based pay builds wealth for Indiana execsRestricted Content

June 2, 2012
Greg Andrews
IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)
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Simon CEO lands $137 million in compensation

April 10, 2012
J.K. Wall
David Simon must remain CEO of Indianapolis-based Simon Property Group for at least six years to see any of the $120 million in special stock awards the company’s board of directors awarded him last year, and must stay on eight years to reap the full amount.
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Compensation dips slightly for WellPoint brass

April 3, 2012
J.K. Wall
Angela Braly, CEO of the Indianapolis-based health insurance company, received total compensation of nearly $13.3 million, down 1.5 percent from the $13.5 million she made the previous year.
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Ex-airport CEO getting lofty departure pay

March 23, 2012
 IBJ Staff
Globetrotting John Clark, who stepped down from his job March 19, will receive $270,000, plus unearned vacation days, as part of his severance package from the Indianapolis Airport Authority.
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EDITORIAL: Circles program is peace plan for class warfareRestricted Content

October 29, 2011
Dr. James Lemons, a local neonatologist, deserves recognition—and support—for his quest to bridge the widening gap between the country’s haves and have-nots.
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Partner pay up at local law firmsRestricted Content

July 23, 2011
Scott Olson
Partners at Indianapolis’ three largest law firms—Barnes & Thornburg LLP, Baker & Daniels LLP and Ice Miller LLP—are enjoying healthy pay increases despite the tough economic times.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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