Herb Simon

Herb Simon: $160M Pacer deal helps heirsRestricted Content

April 26, 2014
Herb Simon, 79, says the $160 million deal the city struck with the Indiana Pacers this month for operating costs and stadium improvements is an outgrowth of negotiations that began way back in 2007.
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Cook heads contingent of Hoosier billionaires on Forbes list

March 4, 2014
 IBJ Staff
Gayle Cook, 80, the widow of Cook Group Inc. founder Bill Cook, saw her net worth skyrocket in the last year.
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Four Hoosiers rate among 400 wealthiest in U.S.

September 16, 2013
 IBJ Staff
The widow of medical device industry pioneer Bill Cook again is the top Hoosier on the latest Forbes 400 list of the nation's wealthiest people, and this time has cracked the top 100.
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Indy team owners pledge $750,000 each to orchestra

December 19, 2012
Associated Press
The donations from Jim Irsay and Herb Simon, combined with a $500,000 challenge grant from symphony board member Yvonne Shaheen, bring the orchestra nearly halfway toward its goal of raising $5 million by Feb. 3.
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Cook again tops list of richest Hoosiers

September 20, 2012
 IBJ Staff and Associated Press
The widow of medical device pioneer Bill Cook ranks 104th with a net worth of $3.7 billion. Other Hoosiers to make the Forbes 400 list were shopping mall magnate and Indiana Pacers owner Herb Simon, hotel developer Dean White and Indianapolis Colts owner Jim Irsay.
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State high court to hear Simon defamation suit

September 6, 2012
Scott Olson
The Indiana Supreme Court has agreed to hear oral arguments Oct. 24 in the case involving a California lawyer that stems from a separate suit filed by a former nanny of Herb and Bui Simon.
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Pacers owner teams with Smulyan to buy Emmis stock

May 21, 2012
A partnership of Herb Simon and Jeff Smulyan filed plans to buy up to an additional 1 million shares of Emmis Communications Corp. at no more than $2 apiece.
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Appellate judges rule against Simon in defamation case

February 29, 2012
Jennifer Nelson / The Indiana Lawyer
A defamation lawsuit filed by Indiana Pacers owner Herb Simon and his wife against a California attorney looks as though it will be thrown out after an appeal.
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Judge tosses wrongful-firing suit against Pacers owner

September 14, 2011
Associated Press
A lawsuit by a nanny and a chauffeur against Indiana Pacers owner Herb Simon and his wife has ended with a judge's written ruling confirming that the employees failed to prove their claims of mistreatment.
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Judge poised to toss lawsuit against Pacers owner

August 25, 2011
Associated Press
A judge has suggested she will dismiss key portions of a lawsuit by a nanny who claimed she was fired by billionaire Herb Simon and his wife because the employee became pregnant.
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Witness: Simons were happy about nanny's pregnancy

August 23, 2011
Associated Press
A household employee of Indiana Pacers owner Herb Simon and his wife said they were happy when they learned their nanny was pregnant, even though the nanny claims she was fired over the pregnancy.
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Wife of Pacers owner testifies against nanny

August 2, 2011
Associated Press
The wife of Indiana Pacers owner Herb Simon testified Tuesday that she knew nothing about violence in the past of a nanny who worked for her and said she would not have hired her if she had known.
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Trial starts in nanny's suit against Pacers owner

August 1, 2011
Associated Press
A nanny who worked for Indiana Pacers owner Herb Simon and his wife testified in a wrongful-firing case Monday that the couple knew of her tumultuous life, but decided to keep her on their staff.
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Simon wagers on Internet gambling's futureRestricted Content

July 9, 2011
Francesca Jarosz
Billionaire Herb Simon is betting online gambling will become legal—and that a new company he’s backing will reap a payoff as a result.
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Pacers' Simon at center of NBA labor fightRestricted Content

July 2, 2011
Anthony Schoettle
Along with players’ salaries and contract terms, revenue sharing among the NBA's 30 team owners is becoming the wild-card issue that could blow the lid off contract negotiations.
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Irsay, Simon tie on magazine's world's-richest list

March 10, 2011
 IBJ Staff
In a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th place on Forbes magazine’s annual list of the richest people in the world. Bill Cook and Dean White also made the list.
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Four Hoosiers among richest Americans; Irsay ascends

September 23, 2010
 IBJ Staff
Indianapolis Colts owner Jim Irsay is moving up the ranks of the richest Americans a year after making his way onto the Forbes 400 list of the nation’s wealthiest people.
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CIB deal won't fix all of Pacers' woes

July 17, 2010
Anthony Schoettle
The $33.5 million the Capital Improvement Board is providing the Indiana Pacers is merely a Band-Aid that will do little to solve serious short-term and long-term issues facing the team.
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CIB approves $33.5 million deal to keep Indiana Pacers

July 16, 2010
Mason King
The three-year agreement is designed to help the franchise shoulder the costs of operating Conseco Fieldhouse. One dissenting voice called the team and city back to the negotiating table for a longer-term deal.
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EDITORIAL: Simon could score for city library

April 24, 2010
 IBJ Staff
Perhaps it’s time for Pacers owner Herb Simon—a billionaire like his late brother—to burnish his credentials as a philanthropist who makes the city a better place to live and work.
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Pacers would pay big if they moved

April 17, 2010
Anthony Schoettle
Moving the Indiana Pacers from Conseco Fieldhouse to another city would impose serious financial hardship on the franchise, according to one interpretation of the team's 10-year-old deal with the city.
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Herb Simon purchases Kirkus book review journal

February 11, 2010
Scott Olson
In a move not necessarily stranger than fiction, Herb Simon has bought Kirkus Reviews, the venerable journal of prepublication book reviews. The owner of the Indiana Pacers co-owns an independent bookstore in California and is described as a voracious reader.
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Irsay joins ranks of nation's wealthiest

October 1, 2009
 IBJ Staff
Indianapolis Colts owner Jim Irsay has joined the ranks of the richest Americans, earning a spot on this year’s Forbes 400 list of the nation’s wealthiest people.
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BENNER: Can we keep the franchise the Simons saved?Restricted Content

September 19, 2009
Bill Benner
The passing of Mel Simon adds more uncertainty to the Indiana Pacers’ future in Indianapolis.
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Community leaders grateful to SimonsRestricted Content

May 4, 2009
Most of us were taught to give thanks to those who do well and make our lives better. Some of us would like to give our hearty thanks to Mel and Herb Simon and their families for all they've done in our community and statewide.
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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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