April 10, 2006
Andrea MuirraguiAt least two large Indianapolis not-for-profits have been investigated-and cleared-as part of an Internal Revenue Service
examination of compensation practices at tax-exempt organizations. Preliminary results of the nationwide inquiry aren't expected
until fall, but the scrutiny already has increased the volume in an ongoing debate over how not-for-profit executives should
be paid. Some observers have called for setting limits on not-for-profit compensation, citing the charitable nature of the
work. Others insist sixor seven-figure pay packages are not out of line...
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April 3, 2006
Morton MarcusStrange it is that Indiana newspapers are atwitter with concern about changing the clocks. One would think this is some terrorist
threat. All Indiana counties will go to daylightsaving time, which will be a novelty for the majority of us. Some counties
now on Eastern time will switch to Central time and not have to change their clocks until October (Central Daylight Time being
the same as Eastern Standard Time). The time switch is a non-event. It is an unnecessary...
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April 3, 2006
Matthew KishBillboards in southern Indiana used to tug spelunkers in four different directions. Come to Marengo Caves. Spend an afternoon
at Bluespring Caverns. Visit Wyandotte Caves. Don a headlamp at Squire Boone Caverns. Two years ago, however, operators at
the four attractions decided it might be a better use of cash to market the area as a single attraction. They pooled their
advertising budgets and printed a brochure that listed all four destinations. They also created a passport that visitors could...
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April 3, 2006
Anthony SchoettleWhich of those constituent groups is most important to Brand is open to debate. Since Brand stepped down as Indiana University
president to take over at the NCAA in January 2003, the association's annual revenue has grown from $433.2 million to $521.1
million. The increase is driven largely by an 11-year, $6 billion TV contract with CBS that took effect during the 2002-2003
sports season. Under Brand's watch, the NCAA has ushered in new sponsors, including Sirius Satellite Radio, Direct...
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April 3, 2006
Tom MurphyA team led by Clarian Health Partners will add a $44 million training center to the cluster of life sciences businesses taking
root around the Central Canal on the northern edge of downtown. The Indianapolis hospital network recently filed plans with
the city to build a six-story, 182,750-square-foot building on the eastern side of the canal. The site sits just south of
a pathology laboratory on 11th Street that Clarian plans to dedicate later this month. The Indiana University schools...
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April 3, 2006
Anthony SchoettleAfter more than 20 years heading up one of the biggest youth sports programs in Indianapolis, John Byers is leaving Tabernacle
Presbyterian Church to help Indiana Sports Corp. play a bigger role in improving the health of Hoosier children. Byers will
become ISC's vice president for youth programming, a new executivelevel position at the not-for-profit, on April 10. "The
Indiana Sports Corp. made a decision to look at youth wellness in our city and in our state," said Susan Williams,...
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March 27, 2006
Tim MulherinI recently came across an insightful publication by the Center for the Development of Peace and Well-Being at the University
of California, Berkley, called Greater Good. One article especially caught my attention: "Inspiring Good Work" (spring-summer
2005 issue) by researchers Wendy Fischman and Howard Garner, of Harvard University's GoodWork Project. As highlighted in the
article, the GoodWork Project's research, under way for the past decade, has revealed that young people leaving college and
embarking on their professional careers are finding...
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March 27, 2006
Lorraine BallDefine your objectives Before investing in a design, decide what you want to accomplish. For example, you may be trying to:
Let people know about your company. Your Web site establishes credibility by providing customers and prospects an introduction
to your firm. Develop a research tool. Online surveys help gather information regarding customer preferences, interests and
market trends. Operate a retail shop. Some sites offer customers the opportunity to collect information, view pricing and
shop online. Extend your customer-service department....
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March 27, 2006
Bill BennerOur big basketball week is upon us. With it, I have some hopes. For starters, I hope we don't take the event and all that
comes with it for granted. The NCAA's Men's Final Four is one of the few moveable mega-feasts in sports. That local visionaries
dreamed big dreams and put in place the venues, forged the relationships, and formed the partnerships to make Indianapolis
the only city to be part of the Final Four's permanent rotation is an...
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March 27, 2006
Matthew KishMaribeth Smith never talks about herself. Despite engineering some of the biggest events in the city's history-everything
from Final Fours to the Jazz Fest to last year's meeting of the American Association of Museums-she's loathe to use the word
"I." She prefers "we." As in "we" the city. Or "we" Maribeth Smith & Associates, her 14-year-old event planning firm. But
as reticent as the 62-yearold Smith might be to take credit for her accomplishments, convention organizers and city officials
say...
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March 27, 2006
Ed FeigenbaumYou can go home now (unless you live in Perry Township) and rest somewhat assured that the governor and state lawmakers won't
do anything untoward to you until, at the soonest, November. Yes, the 2006 short session of the Indiana General Assembly has
run its course, and left the state with some key policy and economic legacies. Not the least of them, as we have discussed
at length in this column, and has been covered elsewhere in these pages, are...
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March 27, 2006
Peter SchnitzlerIf higher education were a business, graduates would be its core product. Economic development would be a promising second
line. New Rose-Hulman Institute of Technology President Gerald Jakubowski wants to make sure he's delivering exactly what
the market demands. "At Rose-Hulman, we need to make sure we're meeting the needs of business and industry," Jakubowski said.
"For a seamless transition into the work force, students must learn by doing." Jakubowski, 56, could be describing his own
path to the president's...
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March 27, 2006
Tracy DonhardtFacing an expanding world of corporate rebranding, homier hospital rooms and high-tech theaters in every suburb, students
entering the field of interior design know they'll be doing more than redecorating high-end homes. What once was considered
predominantly a luxury service for wealthy homeowners wanting to expand their drawing rooms, interior design became a necessity
in business years ago. Today, a majority of interior designers handle both residential and commercial work. And a growing
number of firms that specialize in commercial...
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March 27, 2006
Tammy LieberThe Indianapolis-based advertising firm's former building, at 409 Massachusetts Ave., featured an interior atrium, open work
spaces and a large fish sculpture in the window that caught the eye of passersby on the busy commercial corridor. For its
new building, a former school tucked into Lockerbie Square a few blocks away, the firm had to decide how to creatively use
a choppedup floor plan, complete with a gymnasium in the middle. Young & Laramore enlisted Eric Rowland and Sarah Schwarzkopf...
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March 27, 2006
Dave GilreathWhen viewing the historical record of the stock market, it is clear investors who maintained a positive longterm stance have
been rewarded with attractive compounded returns, despite some significant zigs and zags in between. Americans are, on balance,
an optimistic bunch, especially when it comes to our outlook for the future. A "best is yet to come" policy has served us
well, providing the drive to innovate and improve our country's standard of living. Nevertheless, when it comes to making...
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March 27, 2006
Judge S. Hugh Dillin is dead, but the negative consequences of his school desegregation orders are still with us. Dillin,
who died March 13, didn't invent white flight, suburban sprawl or broken urban school systems, but if those problems were
smoldering in 1970s Indianapolis, Dillin's decisions poured gasoline on the fire. This column is not a diatribe against Dillin.
His decisions were only interpretations of the law, after all, and the highest court in the land affirmed them. Based on...
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March 20, 2006
Morton MarcusI spent most of a recent weekend in the hospital, but no one seems to want to hear that story. It wasn't much of a story,
as it turns out, but the bill, which will fall on you, will be enormous. My part of the bill will be small because I am covered
by Medicare and private health insurance. This means you will see my use of the health care system reflected in your future
taxes and in your future...
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March 20, 2006
Chris O\'malleyITT Educational Services Inc. may nearly double by the end of this year the number of degree programs it offers entirely through
online instruction as the school seeks to enroll students who can't make class because of work or family obligations. Six
online bachelor degree programs and two online associate degree programs are in various stages of regulatory and accreditation
review, according to the Carmel-based technical education provider, which has 38,800 students enrolled at schools in 28 states.
President and...
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March 20, 2006
Peter SchnitzlerTechPoint won't distribute its annual Mira awards until its banquet at the Indiana Roof Ballroom May 19. But the state's largest
high-tech trade association has completed the nomination process for its top awards, pulling together a list of 49 innovative
companies and educators in such categories as information technology, life sciences and advanced manufacturing. About 750
people usually attend the Mira banquet. But the awards are meant to reverberate among a far wider population all year long
as confirmation which...
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March 20, 2006
Scott OlsonPending federal legislation could bring sweeping changes to a patent system critics say is broken and in need of repair. The
Patent Reform Act-before Congress since last year-presents the most substantial overhaul in decades. Significant changes include
creating a process to challenge patents after they are granted and awarding a patent to the first person to submit paperwork.
Patents currently are granted to the first person who hatched the invention, regardless of when documents were filed. Time
frames, though, can...
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March 20, 2006
Tom MurphySt. Francis Hospital-Mooresville might finally land the emergency department town leaders want, thanks to a proposed $33 million
expansion and renovation. Plans for an emergency department surfaced in bond paperwork the hospital filed recently with the
Indiana Health and Educational Facility Financing Authority. The filing said the hospital also plans to add private rooms
and renovate its surgery, joint and colorectal care facilities. Adding an emergency department also was mentioned in a lawsuit
St. Francis officials filed last year against...
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March 13, 2006
Peter SchnitzlerIndiana's sixth-largest venture capital fund is winding down. Founded in 1999, Irwin Ventures LLC is a subsidiary of Columbus-based
Irwin Financial Corp. The fund, which in recent years reported assets of $20 million, focused on seed and early-stage investments
in startup firms that create financial services software and technology. But Irwin Ventures' speculative investments didn't
pan out as expected. "Based on the results since inception, this line of business was a financial disaster," said Ross Demmerle,
an analyst with Louisville-based...
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March 13, 2006
Bill BennerLike any team, especially the professional variety, the Indiana Pacers are to be judged by their success ... or lack thereof.
Their bottom line is the one that's posted on the scoreboard 82 times a season, then again in the playoffs. It comes as no
bulletin that the last two years have been more painful than pleasurable, much of which can be traced to the excesses and
eccentricities of the nowdeparted Ron Artest. Collateral damage has been the organization's reputation...
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March 13, 2006
On Feb. 24, IBJ Publisher Chris Katterjohn, Managing Editor Greg Andrews and banking reporter Matt Kish sat down with four
leaders from Indianapolis' banking and finance sector: Judith Ripley, director of the Indiana Department of Financial Institutions;
Kit Stolen, CEO of Union Federal Bank of Indianapolis; Steve Beck, president and CEO of the Indiana Venture Center; and Keith
Slifer, senior vice president of LaSalle Bank. Among the topics of conversation: How's the state's economy doing? Are more
bank mergers on...
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March 13, 2006
Indiana's life sciences future starts today In 2004, BioCrossroads was awarded a comprehensive grant by the Lumina Foundation
for Education to study Indiana's life sciences K-12 education standing. One of the goals of the study was to find ways to
improve student performance in science, math and technology in Indiana at the K-12 level. This study rightly identified an
area where meaningful results can be achieved through concerted effort. More important, individuals at Marian College, who
recognize the impact of...
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.