Executive pay

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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SEC filing: Ex-IPL chief Murtlow qualified for large payoutRestricted Content

November 12, 2011
Chris O'Malley
Indianapolis 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.
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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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Simon Property Group signs CEO to long-term contract

July 8, 2011
 IBJ Staff and Bloomberg News
Indianapolis-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.
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CEOs see stock windfall after market crashRestricted Content

May 28, 2011
J.K. Wall
Executives 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.
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Total pay for executives surged in 2010Restricted Content

May 28, 2011
J.K. Wall
Total 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.
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WellPoint approves annual 'say on pay' measure

May 17, 2011
J.K. Wall
Shareholders 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.
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Verizon retirees coming to city to protest executive pay

May 3, 2011
 IBJ Staff
The 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.
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Citizens CEO making more than peers at bigger utilities

April 23, 2011
Chris O'Malley
Citizens 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.
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Executive compensation surges at CNO Financial Group

April 12, 2011
J.K. Wall
The 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.
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Simon CEO compensation jumps to $24.6 million

April 8, 2011
Bloomberg News
Simon 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.
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WellPoint to give shareholders annual 'say on pay' vote

April 8, 2011
J.K. Wall
All 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.
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PROXY CORNER: Eli Lilly and Co.

March 19, 2011
 IBJ Staff
Eli 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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New federal rules prompt ITT to change bonus-pay criteria

March 9, 2011
Scott Olson
The Carmel-based for-profit educator still will pay its top executives bonuses, but they'll no longer be tied to school enrollment, the company said Tuesday in a proxy filing.
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Most not-for-profit execs modestly paid, survey saysRestricted Content

November 13, 2010
Kathleen McLaughlin
Local consultants Bryan Orander and Jim Morris conducted the survey this summer to fulfill what they see as a lack of hard data on executive pay in the local not-for-profit sector.
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Biglari's revised incentive package approved by shareholders

November 8, 2010
Anthony Schoettle
After criticizing an earlier pay proposal, 82 percent of Biglari Holdings' shareholders approved a scaled-back bonus agreement for their CEO.
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Biglari adjusts controversial pay proposal

October 1, 2010
Cory Schouten
The parent company of Steak n Shake restaurants has scaled back a controversial pay package for its CEO in hopes of securing shareholder approval of the plan at a rescheduled special meeting.
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EDITORIAL: Executive pay policies, not salaries, need reform

May 29, 2010
In the wake of a recession blamed largely on Wall Street, boards need to act. But reducing executive pay shouldn’t be their primary objective.
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Soft Landing: Pay slipped for most execs in 2009, but cuts weren't deep

May 22, 2010
Peter Schnitzler
Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual compensation fall in 2009, only 10 experienced cuts of more than $1 million.
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Interactive Intelligence performance lifts CEO's pay

April 15, 2010
Peter Schnitzler
CEO Donald Brown saw a 32.4-percent increase in total compensation last year as the software-maker's shares soared 169 percent.
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Kite Realty Group slashes CEO's pay 44 percent

April 14, 2010
Peter Schnitzler
John A. Kite's total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
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Brightpoint cuts CEO's pay by almost 35 percent

April 5, 2010
Peter Schnitzler
Robert J. Laikin earned $2.2 million in 2009, nearly 35 percent less than in 2008. Several other members of his management team also took substantial pay cuts.
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Compensation for WellPoint's Braly rises 51 percent

April 2, 2010
Associated Press
Stock options, bonus fuels CEO's pay.
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Conseco trims CEO's pay but gives exec team raises

April 2, 2010
Peter Schnitzler
James Prieur's total compensation fell 5 percent last year to $3.3 million, but other Conseco executives saw pay hikes between 25 percent and 54 percent.
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  1. I'm a CPA who works with a wide range of companies (through my firm K.B.Parrish & Co.); however, we work with quite a few car dealerships, so I'm fairly interested in Fatwin (mentioned in the article). Does anyone have much information on that, or a link to such information? Thanks.

  2. Historically high long-term unemployment, unprecedented labor market slack and the loss of human capital should not be accepted as "the economy at work [and] what is supposed to happen" and is certainly not raising wages in Indiana. See Chicago Fed Reserve: goo.gl/IJ4JhQ Also, here's our research on Work Sharing and our support testimony at yesterday's hearing: goo.gl/NhC9W4

  3. I am always curious why teachers don't believe in accountability. It's the only profession in the world that things they are better than everyone else. It's really a shame.

  4. It's not often in Indiana that people from both major political parties and from both labor and business groups come together to endorse a proposal. I really think this is going to help create a more flexible labor force, which is what businesses claim to need, while also reducing outright layoffs, and mitigating the impact of salary/wage reductions, both of which have been highlighted as important issues affecting Hoosier workers. Like many other public policies, I'm sure that this one will, over time, be tweaked and changed as needed to meet Indiana's needs. But when you have such broad agreement, why not give this a try?

  5. I could not agree more with Ben's statement. Every time I look at my unemployment insurance rate, "irritated" hardly describes my sentiment. We are talking about a surplus of funds, and possibly refunding that, why, so we can say we did it and get a notch in our political belt? This is real money, to real companies, large and small. The impact is felt across the board; in the spending of the company, the hiring (or lack thereof due to higher insurance costs), as well as in the personal spending of the owners of a smaller company.

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