Public Companies

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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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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Express Scripts closer to $4.7B WellPoint deal

May 28, 2009
 IBJ Staff and Associated Press
Express 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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Activist shareholder makes case against Conseco's boardRestricted Content

May 11, 2009
J.K. Wall
An 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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REITs get boost, not scorn, for selling cheap sharesRestricted Content

May 11, 2009
Greg Andrews
Here'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 prices—and getting a pat on the back from their shareholders for doing so.
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Bioanalytical Systems founder fights to be heardRestricted Content

May 4, 2009
Peter Schnitzler
It 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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With pharma famine looming, Lilly relying on snack-size dealsRestricted Content

May 4, 2009
J.K. Wall
Compared 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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Steak n Shake hoping to roll out lower-cost, limited-service storesRestricted Content

May 4, 2009
Cory Schouten
TV 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 bottles—a 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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Dan Laikin on sidelines as others admit guilt in stock-manipulation schemeRestricted Content

April 27, 2009
Greg Andrews
Carmel 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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Simon family's interests helped city thrive, but taxpayers paid the price

April 20, 2009
Cory Schouten
The 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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$4.7B WellPoint deal leaves workers in limbo

April 13, 2009
J.K. Wall
Investors 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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WellPoint to sell subsidiary for $4.6B

April 13, 2009
J.K. Wall
WellPoint 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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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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Duke upends growth plan, focuses on paying debtRestricted Content

March 16, 2009
Greg Andrews
In this horrendous environment, nothing is more important for a debt-laden public company than proving it can pay its bills
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Durham insider deal sparks outcry

March 9, 2009
Greg Andrews
Tim 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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Mall giant says it's in good shape, but takes steps to conserve cashRestricted Content

February 9, 2009
Cory Schouten
Despite 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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Stock declines could make public companies takeover targetsRestricted Content

January 26, 2009
Peter Schnitzler
Not 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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Lilly makes $6.5B acquisitionRestricted Content

December 29, 2008
J.K. Wall
Eli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim Cornelius—and won.
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Activist shakes up Steak n Shake after taking controlRestricted Content

December 29, 2008
Cory Schouten
After 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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WellPoint shares sufferRestricted Content

December 29, 2008
J.K. Wall
It 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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Indians score $1.23 million profitRestricted Content

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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Kite drops about 10 percent of its staff as retail market floundersRestricted Content

December 15, 2008
Cory Schouten
Kite 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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Bold bets on Hoosier firms yield horrific results so farRestricted Content

December 8, 2008
Greg Andrews
The 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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State public company execs grab up stock as prices fallRestricted Content

December 1, 2008
J.K. Wall
The 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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