June 29, 2009
IBJ StaffThe big cheese at Simon Property Group is wedged among the "top gun" executives in the U.S.
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June 22, 2009
Peter SchnitzlerFor 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 2007despite 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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June 22, 2009
John GuyAn 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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May 28, 2009
IBJ Staff and Associated PressExpress Scripts Inc. has cleared an
antitrust review for its planned purchase of Indianapolis-based WellPoint
Inc.'s pharmacy benefits management business, bringing the $4.7 billion deal
closer to completion.
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May 11, 2009
J.K. WallAn activist shareholder vying to become a director of Conseco Inc. says the insurance company's board "completely misjudged"
the risks it faced when it emerged from bankruptcy in 2003 and hasn't recovered since. Now an independent shareholder advisory
firm is siding with him.
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May 11, 2009
Greg AndrewsHere's more evidence we're in strange times: Indianapolis' real estate investment trusts have been issuing hundreds of millions
of dollars of stock at woefully low pricesand getting a pat on the back from their shareholders for doing so.
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May 4, 2009
Peter SchnitzlerIt took Pete and Candace Kissinger 33 years to build West Lafayette-based Bioanalytical Systems Inc. into one of the largest
contract research firms in Indiana's life science sector. It took just a year and a half for them to turn against the company's
new management.
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May 4, 2009
J.K. WallCompared with some of his pharmaceutical CEO peers these days, John Lechleiter has his company on a diet. Instead of using
a mega-merger to bulk up before the famine that patent expirations will bring on the industry next year,
Lechleiter has Eli Lilly and Co. burning management fat while looking for smaller companies to munch on.
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May 4, 2009
Cory SchoutenTV spots for Steak n Shake Co. used to play up the chain's full-service restaurants, complete with friendly servers, real
plates
and glass ketchup bottlesa departure from the "workaraunts" operated by McDonald's and Burger King. Now, Steak
n Shake is developing plans for its own workaraunts.
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April 27, 2009
Greg AndrewsCarmel businessman Dan Laikin finds himself in the awkward spot of denying wrongdoing at the same time the three men accused
of conspiring with him in a stock-manipulation scheme are admitting guilt.
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April 20, 2009
Cory SchoutenThe Simon family's role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
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April 13, 2009
J.K. WallInvestors cheered this morning after WellPoint Inc. agreed to sell its pharmacy management unit to Express Scripts Inc., but
the fate of about 2,100 WellPoint employees now is up in the air.
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April 13, 2009
J.K. WallWellPoint Inc. has
agreed to sell its pharmacy benefits management arm for $4.675 billion in cash and stock to St. Louis-based Express Scripts,
the companies announced April 13.
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April 13, 2009
Chris O'MalleyDick 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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March 16, 2009
Greg AndrewsIn this horrendous environment, nothing is more important for a debt-laden public company than proving it can pay its bills
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March 9, 2009
Greg AndrewsTim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.
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February 9, 2009
Cory SchoutenDespite assurances of strength, Simon Property Group Inc. has decided to pay 90 percent of its dividend in stock, a move that
allows the company to hold onto $925 million in cash this year but could alienate shareholders drawn by the dividend.
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January 26, 2009
Peter SchnitzlerNot so long ago, most Indiana public
companies were firmly in control of their destinies. Now after seeing their stock prices plunge, many would , be little more
than sitting ducks were outsiders to launch
takeover bids. If anybody's still got the money and chutzpah to buy, that is.
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December 29, 2008
J.K. WallEli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim
Corneliusand won.
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December 29, 2008
Cory SchoutenAfter months of agitating for changes at The Steak n Shake Co., investor Sardar Biglari finally got a shot at putting his
theories into action.
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December 29, 2008
J.K. WallIt was a bad year to be a shareholder of most companies. But the value of the Indianapolis-based health insurer's stock lost
more than 55 percent of its value during the year.
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December 22, 2008
The Indianapolis Indians made $1.23 million this year on $8.7 million in revenue, according to the publicly traded company's
most recent financial disclosure.
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December 15, 2008
Cory SchoutenKite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes
with dried-up credit and a soft retail market.
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December 8, 2008
Greg AndrewsThe millions of dollars they plunked down to buy stock in local companies over the past two years have shriveled in value,
leaving them way, way below break-even.
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December 1, 2008
J.K. WallThe unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana
public companies to scoop up shares in their own companies.
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I'm sure there are others, but his name automatically came to my mind
Houdini
magician on the court
STEVE MARTIN - funny magic
It has to be Houdini!