News & Analysis

Butler loses title game, but wins massive publicity

April 6, 2010
Anthony Schoettle
Butler received so many visits to its main Web site, school officials had to beef up the computer system. School President Bobby Fong is commissioning a study to gauge the value of the publicity earned through the Bulldogs' run to the Final Four.
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Franklin College launches $85 million building campaign

April 6, 2010
J.K. Wall
Small liberal arts school in Johnson County plans to modernize and expand athletic facilities, classrooms and residence space.
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Shareholder group wants WellPoint to become not-for-profit

April 6, 2010
J.K. Wall
Proposal at annual meeting will ask health insurer to study feasibility of converting to not-for-profit status.
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Packaging company seeks abatement for expansion

April 6, 2010
Just Packaging on the east side of Indianapolis says it plans to invest in new equipment and hire 35 people by 2014.
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Fishers company agrees to pay $5.5M in concrete case

April 6, 2010
Scott Olson
Builder's Concrete & Supply will pay the amount as part of a larger $60 million settlement lawyers reached with seven companies accused of fixing concrete prices.
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Hundreds show interest in jobs at police car maker

April 6, 2010
 IBJ Staff and Associated Press
Company executives told those at Monday's information sessions that many jobs will require an associate's degree in engineering and computer literacy to operate assembly-line machines.
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Butler's near-miss run captivates thousands of fans

April 6, 2010
Associated Press
It was the third runner-up finish for the city in the past six months. The Indiana Fever lost in the WNBA finals, the Indianapolis Colts lost the Super Bowl and now Butler.
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New tenant-rep group plans commercial during Masters

April 6, 2010
Cory Schouten
One of the city's top office brokers is launching a new tenant-rep group with a TV commercial after the Masters golf tournament on Sunday.
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Red Key's rules will live on after owner's death

April 5, 2010
J.K. Wall
Russel Settle, 92, was renowned for telling customers at the landmark Red Key Tavern to mind their manners in the northside pub featured in a Dan Wakefield novel.
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Butler victory would mean big payday for school

April 5, 2010
Anthony Schoettle
Butler BookstoreButler is winning the war of merchandise sales, leading the other three schools in the Final Four. A victory tonight, sports marketers said, would increase those sales fivefold.
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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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Tickets still remain for Butler-Duke game

April 5, 2010
National ticket search engine says about 4,500 remained Monday morning for the NCAA championship game at Lucas Oil Stadium.
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White House hails economic gains, foretells slow recovery

April 4, 2010
Associated Press
Buoyed by good news on the jobs front, the White House claimed credit Sunday for reversing the downward economic spiral while bracing out-of-work Americans for a slow recovery.
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Price of scrap metals surge upward

April 3, 2010
Associated Press
After plummeting along with the rest of the economy, the price of scrap metals is surging upward.
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Ballard mimics Major Moves infrastructure-improvement plan

April 3, 2010
Peter Schnitzler
So far, in discussing his plan to sell the city's water and sewer utilities, Mayor Greg Ballard has emphasized the impact on utility rates, the $1.5 billion in city debt Citizens would assume, and the chance to improve streets and sidewalks. But Ballard also has another key objective: business attraction and expansion.
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Volunteers in Medicine fill need as boomers retire

April 3, 2010
Marc D. Allan
Not-for-profit sees increasing numbers of patients, but can't plug the entire gap to be created by health care retirements.
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Butler coach Stevens expected to get lucrative offers

April 3, 2010
Anthony Schoettle
Butler University basketball coach Brad Stevens has an annual base pay of $350,000 with another $37,851 in benefits and deferred compensation. Not bad for a 33-year-old. But it's no comparison to what big-time men's college basketball coaches make.
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SPECIAL REPORT: Brizzi ordered lenient deal for business partner's client

April 3, 2010
Cory Schouten
Marion County Prosecutor Carl Brizzi last year intervened in a major drug case to offer a reduced sentence over objections from both law enforcement officers and his own deputy prosecutors.
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Spine center offering quick care for painRestricted Content

April 3, 2010
Scott Olson
An Indianapolis doctors' office has started an offshoot practice that specializes in quickly seeing patients with severe back pain.
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Interactive Intelligence taps college to connect with BlackBerryRestricted Content

April 3, 2010
J.K. Wall
Shortly after Interactive Intelligence Inc. decided two years ago to push beyond its roots in call centers and pitch its communications software to more insurance agents and money managers, the company ran up against a tricky hurdle: the BlackBerry.
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City utility deal treads in murky watersRestricted Content

April 3, 2010
Chris O'Malley
A $1.9 billion proposal to sell the city’s water and sewer utilities splashed into public view last month, but some financial details settling at the bottom line could make the deal harder to swallow.
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Downgrade a red flag for Indiana Live casino

April 3, 2010
Peter Schnitzler
New York-based Moody's Investors Service has downgraded its credit rating for Indiana Live horse track and casino, a warning signal that the Shelbyville facility may soon follow its Anderson counterpart Hoosier Park into bankruptcy.
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Indianapolis set for next wave of angel investorsRestricted Content

April 3, 2010
Norm Heikens
A wave of up-and-coming angel investors in the Indianapolis area are quietly accumulating the expertise and thick wallets necessary to back startups that are at once risky and rich with potential for lucrative returns.
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Some up-and-coming angel investorsRestricted Content

April 3, 2010
Dozens of people in the Indianapolis area have the potential and the interest to become angel investors in the next few years.
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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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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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