Executives

Tony George folds racing team, dismisses staff

January 28, 2010
Anthony Schoettle
Unable to raise the $1.5 million to $3 million needed to operate an Indy Racing League team this year, Tony George folded Vision Racing this morning.
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Bioanalytical Systems' CEO announces retirement

January 28, 2010
Peter Schnitzler
Struggling West Lafayette life science contract research firm will search nationally for a new permanent leader.
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Steak n Shake slashes restaurant spending as CEO hoards cash

January 2, 2010
Cory Schouten
From 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment for existing ones. In 2009, the locally based chain spent just $5.8 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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Large HHGregg investor ups stake, surprising analystsRestricted Content

August 10, 2009
Greg Andrews
HHGregg Inc. shares have enjoyed a spectacular runup this year. But the company’s biggest shareholder is making a huge bet that the good times are only beginning.
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Dow AgroSciences names new CEO

July 29, 2009
Chris O'Malley, J.K. Wall
Indianapolis-based Dow AgroSciences LLC will have a new CEO after its parent organization moves Jerome Peribere into a new position, the company announced today. Antonio Galindez, 54, vice president of Dow AgroSciences' crops business, will step into the top job.
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Dow AgroSciences names new CEO

July 29, 2009
J.K. Wall
Indianapolis-based Dow AgroSciences LLC will have a new CEO after its parent organization moves Jerome Peribere into a new position, the company announced today.
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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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David Simon named among world's best CEOsRestricted Content

June 29, 2009
 IBJ Staff
The big cheese at Simon Property Group is wedged among the "top gun" executives in the U.S.
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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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Lucas Oil, partner invest $2M to build Hendricks lube shop

May 25, 2009
Forrest Lucas is following through on plans to take his namesake brand of oil and fuel additives to the mass market.
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Banker's seat on board turns into bigger challengeRestricted Content

May 25, 2009
Greg Andrews
Within a month of joining the board of Evansville's Integra Bank Corp. Mike Alley, former CEO of Fifth Third Bancorp's central Indiana operations, had become Integra's interim CEO.
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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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Fiscal crisis calls for drastic measureRestricted Content

May 18, 2009
Mickey Maurer
Ind. Gov. Mitch Daniels will call the Legislature into special session to pass an acceptable budget, but some legislators think a budget that would satisfy the governor cannot be crafted by the contentious partisans in this developing fiasco.
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Emmis creates option to sell, lease back HQRestricted Content

April 20, 2009
Greg Andrews

Would embattled Emmis Communications Corp. sell its Monument Circle headquarters, a prized development that opened a decade ago at what then-Mayor Steve Goldsmith called "the most important site in the city and the very center of Indiana?"

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Omnicity seeks financial turnaround, has 28 acquisitions in mind

April 13, 2009
Chris O'Malley
Dick Beltzhoover, a private investor in Omnicity Corp., a Carmel-based wireless broadband provider, has quietly taken the company public and has lofty plans to expand nationwide.
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Questions about expenses have dogged Marsh beforeRestricted Content

April 13, 2009
Greg Andrews
Don Marsh lashed back last month after the owner of Marsh Supermarkets Inc. filed a lawsuit accusing him of billing the company for millions of dollars in personal expenses.
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New Community CEO weighs in on system's future, universal careRestricted Content

April 6, 2009
J.K. Wall

IBJ reporter J.K. Wall asked Bryan A. Mills about his new job as Community Health Networks next CEO.

 

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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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Mickey's camp will offer thrillsRestricted Content

April 6, 2009
Mickey Maurer
Mickey's men's and women's camps—open for registration on a first-come, first served basis—offer compelling speakers, fun activities and food from the city's leading restaurants.
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Few private firms survive to third generationRestricted Content

March 30, 2009
Cory Schouten
The Gene B. Glick Co. has managed to accomplish what few privately held family enterprises can—keeping the company alive for a third generation.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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