Compensation

AIT shares profit with employees - again

December 21, 2009
AIT Laboratories said Monday morning it is awarding another $1 million in bonus money to employees, bringing their total take in profit sharing this year to an impressive $3 million.
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Indiana bank CEOs get bigger pay hike than peers

November 14, 2009
 IBJ Staff
For banks, the last two years have been among the most tumultuous in history. Financial institution CEOs across the country responded by trimming their raises in 2009. But in Indiana, bank chiefs didn’t follow form.
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Some U.S. charity executives shared the pain in 2008

October 3, 2009
 IBJ Staff
Some—but not all—not-for-profit executives took pay cuts in 2008, according to the Chronicle of Philanthropy’s annual salary survey.
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WellPoint insiders sell stock at right time

September 12, 2009
 IBJ Staff
Take the money while it’s there. That’s what a handful of insiders at WellPoint Inc. decided in the past month as they sold off nearly 150,000 company shares for gains of more than $3 million.
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VIEWPOINT: Discuss CEO pay in the openRestricted Content

July 6, 2009
John Guy
While transparency is a stated goal of many corporations, deliberations regarding distribution of shareholder property to executives are not subject to light of day or to review. Instead, decision-making is camouflaged by thousands of words that appear substantial but disclose little.
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GUY: What price company leadership?Restricted Content

June 29, 2009
John Guy
The folks who control executive compensation are often executives themselves. Boards must realize that their self-dealing, self-benefiting ways are grossly out of line with the true value of one's contribution to a business and society.
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Half of state's public-company CEOs saw pay rise in 2008

June 22, 2009
Peter Schnitzler
For investors, 2008 was the worst year since the Great Depression. Even so, more than half of the state's public-company executives saw the value of their pay packages rise from 2007—despite the fact that only 10 of the companies posted a positive total return in 2008, and 46 companies shed more than one-third of their stock market value.
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Ice Miller still in merger talks with Louisville law firmRestricted Content

June 22, 2009
Scott Olson
The city's third-largest law firm is poised to tie the knot with Kentucky's Greenebaum Doll & McDonald. But differences in the way the firms compensate partners are taking longer than expected to sort out.
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VIEWPOINT: CEOs, do you deserve your salaries?Restricted Content

June 22, 2009
John Guy
An exaggerated share of the nation's wealth is paid to CEOs of public companies, their minions and directors, through agreements made inside boardrooms, by highly compensated individuals who commit shareholders' money and are not subject to effective oversight.
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CIB executive director out-earns governor, mayor combinedRestricted Content

May 18, 2009
Cory Schouten
Barney Levengood, executive director of the financially-struggling Capital Improvement Board, is one of the state's highest-paid public employees, and some wonder if his pay should be cut.
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Shareholders must hold fiduciaries' feet to the fireRestricted Content

April 6, 2009
Ken Skarbeck
The economic downturn has provided shareholders an opportunity to press for change on a variety of corporate governance issues.
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Bonus outrage poor excuse for good public policy

March 23, 2009
Mike Hicks
The wages paid by a company to its employees are a distinctly private matter.
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Durham insider deal sparks outcry

March 9, 2009
Greg Andrews
Tim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from a finance company he owns in Ohio.
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Corporate shareholders should demand moreRestricted Content

February 9, 2009
Ken Skarbeck
Free marketers cringe at the thought of government interference, but the fact is that the taxpayer is now a significant shareholder in a number of financial businesses.
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At most Indiana public firms, CEO pay hasn't fallen with stockRestricted Content

June 23, 2008
Peter Schnitzler
Most public companies say they tie executive compensation to performance, but an IBJ review of pay data from 65 Indiana-based firms shows otherwise. Last year, more than two-thirds of Indiana-based public companies saw their share prices decline, yet many continued to award eye-popping compensation to their executives.
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Taurel draws fire for getting rich while stock strugglesRestricted Content

May 28, 2007
J.K. Wall
Eli Lilly and Co. stock has returned just 1 percent per year in the nine years since CEO Sidney Taurel took office. Meanwhile, Taurel has taken home $44 million in pay and been given stock options valued at $114 million more. But most Lilly shareholders aren't raising a call for Taurel to hit the trail.
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Public-company CEOs lavished in perks, disclosures revealRestricted Content

May 28, 2007
J.K. Wall
Seven Indiana public companies not only own corporate jets, but also let their executives use them for personal trips. Cummins Inc., Hillenbrand Industries Inc., Zimmer Holdings Inc., Eli Lilly and Co., NiSource Inc., WellPoint Inc. and 1st Source Corp. all allow some personal use of company jets.
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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