Public Companies

Hat World shows sign of recovering from lackluster yearRestricted Content

August 4, 2008
Chip Cutter

The locally based headwear retailer Hat World made a name for itself by snatching up competitors and opening hundreds of stores around the country. However, after sluggish sales in the fiscal year that ended Feb. 2, the company--a unit of Nashville, Tenn.-based Genesco Inc.--says it plans to open fewer stores than usual this year so officials can put their focus back on existing operations.


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Marsh sues Roche over sublease dealRestricted Content

July 28, 2008
Cory Schouten

Two giants of local business are preparing to slug it out in court over a soured sublease deal. Marsh Supermarkets filed suit in Hamilton County this month to enforce a deal with Swiss pharmaceutical and medical-equipment powerhouse Roche to sublease the grocer's entire 148,000-square-foot headquarters in Fishers. The deal, worth more than $47 million over 18 years, is one of the largest of its kind in central Indiana in years.


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Ailing Steak n Shake rehires ad agency, but will pact stick?Restricted Content

June 30, 2008
Anthony Schoettle
Local advertising powerhouse Young & Laramore signed a new contract with Steak n Shake, one of its flagship clients, just two weeks ago, but ad industry observers can't help but wonder if the 18-year-old relationship is about to run its course. Before the ink on the contract was dry, the struggling hamburger chain had a new board chairman who is likely to shuffle Steak n Shake's executive suite and take the company in a new direction.
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At most Indiana public firms, CEO pay hasn't fallen with stockRestricted Content

June 23, 2008
Peter Schnitzler
Most public companies say they tie executive compensation to performance, but an IBJ review of pay data from 65 Indiana-based firms shows otherwise. Last year, more than two-thirds of Indiana-based public companies saw their share prices decline, yet many continued to award eye-popping compensation to their executives.
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Conseco wins $29M judgment in latest round of legal warRestricted Content

June 23, 2008
J.K. Wall
Conseco Inc. has won another round in court against former Merchants National Bank CEO James D. Massey this month, ringing up a $29 million judgment against him in a court in Illinois. But Massey shows no sign of throwing in the towel in the years-long litigation over millions he borrowed to buy Conseco stock. Massey was a director of Conseco from 1994 to 2000.
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HHGregg tuned into growthRestricted Content

June 23, 2008
Cory Schouten
Undeterred by a rocky economy, locally based electronics retailer HHGregg is trailblazing into new markets on a quest to quadruple in size. The firm's "price and advice" mantra seems to be catching on. That's no surprise to Jerry Throgmartin, a 33-year veteran of Gregg who has served as the company's chairman and CEO since 2003.
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WellPoint 401(k) participants sue over decline in stock priceRestricted Content

June 9, 2008
J.K. Wall
Angela Braly, Wayne DeVeydt and the rest of the top brass at WellPoint Inc. face wrath over the company's recent stock swoon from a new group: ex-employees. Four former WellPoint workers have filed lawsuits against the Indianapolis-based health insurance giant over the losses its 401(k) retirement plan suffered in March when the company slashed its profit forecast for the year.
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Texas investor enlists former Steak n Shake exec in quest to revive chainRestricted Content

April 21, 2008
Cory Schouten
Two executives with longtime ties to The Steak n Shake Co. have joined a dissident Texas investor in his quest to overhaul the Indianapolis-based restaurant chain. Shareholders who have agreed to work with Sardar Biglari include a former board member the company once described as a "modern-day founder" of the restaurant chain, along with a former partner in Kelley & Partners Ltd., the investment firm led by company patriarch E.W. Kelley before his 2003 death.
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Texas investor wins over Steak n Shake shareholders, aims for chairmanship

March 17, 2008
Cory Schouten
Texas investor Sardar Biglari rode a wave of shareholder anger to a landslide victory in his quest for Steak n Shake Co. board seats. Now, the dissident 30-year-old investor who models his approach after Warren Buffett's is hoping to deliver on his promise to turn around the Indianapolis-based chain, with or without the chairmanship he covets.
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Local Sallie Mae executive leaving

December 27, 2007
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Steak n Shake expects 'rebuilding year'Restricted Content

August 20, 2007
Cory Schouten
Steak n Shake Co. CEO Peter M. Dunn analyzed and measured just about everything at the restaurant chain, from drive-through times to employee turnover. All that research and testing was welcome when the company was thriving a few years ago. But the lack of evidence that all the analysis was paying off eroded Wall Street's confidence in Dunn.
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Companies must prepare for CEO turnoverRestricted Content

June 18, 2007
J.K. Wall
A methodical process is the right way to change CEOs, according to succession-planning experts. And Indiana needs more of its major corporations to do so. A wave of aging executives is at or near normal retirement age--in Indiana and nationwide. How well those companies' CEOs pass the baton will have a big impact on their companies' futures.
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Ariad patent victory over Lilly among largest in 2006

January 3, 2007
Eli Lilly and Co.’s loss in May of a patent-infringement lawsuit brought by Ariad Pharmaceuticals Inc. went down as the 6th-largest such jury award last year, a Bloomberg analysis shows.
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