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Executive pay
Firms ladle trips, car allowances on top of rich pay packages
May 18, 2013
Dan HumanSenior 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.
MoreBall State president among nation's highest paid
May 13, 2013
IBJ Staff and Associated PressBSU's Jo Ann Gora was the fifth-highest-paid public college president in the United States during the 2011-12 academic year,
according to a new survey released Monday.
MorePence salary of $111K highest for Indiana governor
March 13, 2013
Associated PressMike Pence's annual salary of $111,687 is the highest ever for an Indiana governor, due to a law that boosts the salary
of the state's chief executive at the beginning of every term.
MoreLawsuit over Simon's bonus may expose board's mindset
March 9, 2013
Greg AndrewsThe $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.
MoreMarsh to call former CEO as first witness
February 4, 2013
Scott OlsonThe 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.
MoreCitizens Energy CEO Lykins enjoys big pay boost
December 15, 2012
Chris O'MalleyCitizens Energy Group—a not-for-profit, public charitable trust—doubled its size last year with its $1.9 billion purchase
of the city’s water and sewer utilities last year. It also doubled the pay of CEO Carey Lykins.
MoreSix BrightPoint execs to share $31M golden parachute
August 22, 2012
Dan HumanBrightpoint 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.
MoreSimon Property directors sued over CEO’s pay
August 8, 2012
Bloomberg NewsThe 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.
MoreSPECIAL REPORT: Stock-based pay builds wealth for Indiana execs
June 2, 2012
Greg AndrewsIBJ'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)
MoreTypical CEO at public firm made $9.6M last year, study finds
May 25, 2012
Associated PressStudy that pegs Simon Property's CEO as highest-paid finds executive compensation is soaring along with profit at public companies.
MoreShareholder group advises against Simon CEO bonus pay
May 7, 2012
Cory SchoutenSimon Property Group Inc. is firing back at a corporate governance advisory firm that has recommended Simon shareholders vote
against an employment agreement for CEO David Simon that includes a $120 million retention award.
MoreSimon CEO lands $137 million in compensation
April 10, 2012
J.K. WallDavid 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.
MoreCompensation dips slightly for WellPoint brass
April 3, 2012
J.K. WallAngela 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.
MoreSEC filing: Ex-IPL chief Murtlow qualified for large payout
November 12, 2011
Chris O'MalleyIndianapolis Power & Light chief Ann Murtlow left the utility this spring under terms of a separation agreement that would
have entitled her to at least $404,410, according to documents the utility filed Nov. 3 with the Securities and Exchange Commission.
MorePartner pay up at local law firms
July 23, 2011
Scott OlsonPartners 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.
MoreSimon Property Group signs CEO to long-term contract
July 8, 2011
IBJ Staff and Bloomberg NewsIndianapolis-based Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head
of the largest U.S. mall owner for the next eight years—and give him a one-time award worth $120 million.
MoreCEOs see stock windfall after market crash
May 28, 2011
J.K. WallExecutives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's
Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three
years ago. With searchable database.
MoreTotal pay for executives surged in 2010
May 28, 2011
J.K. WallTotal executive compensation at Indiana’s largest public companies continued to rise sharply coming out of the recession,
even though many of them have yet to erase the red ink in their shareholders’ portfolios.
MoreWellPoint approves annual 'say on pay' measure
May 17, 2011
J.K. WallShareholders of WellPoint Inc. approved on Tuesday the hefty pay packages of the company’s executives and voted for
the right to weigh in annually on future executive compensation.
MoreVerizon retirees coming to city to protest executive pay
May 3, 2011
IBJ StaffThe Association of BellTel Retirees Inc. will press the board of Verizon Communications Inc. to tighten standards for executive
pay when the New York company holds its annual meeting in Indianapolis this week.
MoreCitizens CEO making more than peers at bigger utilities
April 23, 2011
Chris O'MalleyCitizens Energy Group CEO Carey Lykins' 2010 pay package, salary and bonus, totaled $1.6 million, more than his counterparts
at the three largest municipal gas utilities in the country.
MoreExecutive compensation surges at CNO Financial Group
April 12, 2011
J.K. WallThe Carmel-based life and health insurer more than doubled CEO Jim Prieur’s compensation, and also gave increases ranging
from 44 percent to 89 percent to other top executives.
MoreSimon CEO compensation jumps to $24.6 million
April 8, 2011
Bloomberg NewsSimon Property Group Inc.’s board is working on a long-term employment agreement with Chairman and CEO David Simon,
whose compensation rose more than fivefold last year.
MoreWellPoint to give shareholders annual 'say on pay' vote
April 8, 2011
J.K. WallAll publicly traded companies have to allow advisory votes about top executives compensation every two or three under the
Dodd-Frank financial reform passed by Congress last year.
MorePROXY CORNER: Eli Lilly and Co.
March 19, 2011
IBJ StaffEli Lilly and Co., Lilly Corporate Center, Indianapolis, 46285 (www.lilly.com) discovers, develops, manufactures and sells
pharmaceutical products for humans and animals.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.