News & Analysis

Executive pay continues on upswing

May 24, 2014
Dan Human
The median senior executive collected $923,705 in salary, stock or stock options, incentive pay and perks in 2013, IBJ found in a review of proxy statements at 64 companies.The median compensation rose 20 percent from 2012 and doubled since 2006.
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After Super Bowl setback, Indianapolis races to lure other events

May 24, 2014
Anthony Schoettle
A stinging defeat for Indy’s quest to land the 2018 Super Bowl leaves a giant opening in the city’s convention schedule and brings new urgency to recruiting future sports events.
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IndyCar's TV ratings gaining momentumRestricted Content

May 24, 2014
Anthony Schoettle
TV ratings for the IndyCar Series zoomed 44 percent this year for the races leading up to the Indianapolis 500, compared to the same period a year ago, buoyed in part by a strong showing for the new Grand Prix of Indianapolis. But overall viewership remains anemic—less than one-fourth the audience for most NASCAR races.
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Alexander hotel achieves LEED statusRestricted Content

May 24, 2014
The Alexander Hotel at CityWay in downtown Indianapolis has achieved LEED certification from the U.S. Green Building Council.
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Upstart chip-maker wins space on shelves of local groceries

May 24, 2014
Dan Human
Mark McSweeney launched Broad Ripple Potato Chip Co. last year out of his existing business, a franchise of Great Harvest Bread Co.
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Can Ball State University keep its vibrancy?

May 24, 2014
J.K. Wall
Incoming President Paul W. Ferguson must escape harsh realities to continue the university's impressive gains.
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Big-rig seller Stoops to unload six-location dealership

May 23, 2014
Kathleen McLaughlin
Stoops Freightliner, an Indianapolis truck and trailer dealer, has agreed to sell to a larger dealership after more than 25 years in business. Owner Jeff Stoops grew it into a $323 million firm with 563 employees.
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Indiana names new director of eco-devo office in Japan

May 23, 2014
 IBJ Staff
Toshikazu "Tony" Suzuki brings more than 40 years of executive and senior management experience, working in both Japan and the United States.
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HDG Mansur affiliates file Chapter 11 to halt $5.8M judgment

May 23, 2014
 Bloomberg News and IBJ Staff
The judgment in a New York court stems from allegations by a Sharia fund that the affiliates stole funds. HDG argued that it charged the additional fees to rectify a billing error.
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Indy 500 revels in tradition, embraces changes

May 23, 2014
Jessica Wray, The Statehouse File
The hallowed race is straddling a fine line as it tries to please longtime devotees and makes a raft of upgrades to the track and viewing experience designed to secure new fans.
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Judge dismisses wrongful death suit against Kroger

May 23, 2014
Scott Olson
The mother of an Indianapolis man shot at a Kroger by a store manager in what police said was an attempted robbery filed the suit in 2012.
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Ex-Lilly partner wins latest suit over Actos' cancer risk

May 23, 2014
Bloomberg News
Takeda Pharmaceutical was found not liable for the bladder cancer of two women who used its Actos diabetes medication in the company's latest trial over the drug. Actos was marketed for Takeda in the United States by Eli Lilly and Co. from July 1999 to March 2006.
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Indianapolis Zoo's orangutan center set for opening

May 23, 2014
Associated Press
The $26 million International Orangutan Center at the Indianapolis Zoo is scheduled to open to the public Saturday. Zoo officials expect a tremendous attendance boost from the exhibit.
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Retailers see stagnating sales of consumer electronics

May 22, 2014
Associated Press
Already squeezed by tough competition from online retailers like Amazon.com and discount stores like Wal-Mart and Target, retailers like Best Buy and Sears have been cutting costs and revamping merchandise and store formats to attract customers.
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UPDATE: ITT's stock tumbles after report of loan losses

May 22, 2014
J.K. Wall
ITT Educational Services Inc. stock plunged more than 31 percent Thursday after it announced that it spent an extra $43.7 million in the first quarter to cover mounting losses on private student-loan programs.
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Ownership switch eyed for Anderson's Wigwam gym

May 22, 2014
Associated Press
Officials are working on the details of transferring ownership of Anderson's iconic Wigwam gymnasium to the city as part of the effort to save it.
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UPDATE: Ball State chooses new president from Maine

May 22, 2014
J.K. Wall
Ball State University’s trustees on Thursday named Paul W. Ferguson, the president of the University of Maine, to lead the 19,000-student campus in Muncie.
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UPDATE: Urban League CEO flexible on retirement date

May 22, 2014
Mason King
Civic and business leader Joseph Slash, 70, plans to move on soon, but is willing to wait for the search committee “to get it right.”
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Automated systems provider expands downtown

May 22, 2014
Mason King
Open Control Systems LLC is investing $1.6 million to renovate, equip and lease 14,000 square feet of space over two buildings at 905 N. Capitol Ave.
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State scrutiny of Village Pantry safety issues set to end

May 22, 2014
Scott Olson
The convenience store chain has been taking corrective action to better protect employees after the shootings of Indianapolis clerks in 2009 and 2011.
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State courts to switch to e-filing system in 2015

May 22, 2014
Indiana Lawyer Staff, Dave Stafford
Officials soon will seek competitive bids for a single statewide e-filing manager. Paper records likely will be phased out so clerks won't be burdened with overseeing two filing methods.
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Indiana's four largest cities see population surges

May 22, 2014
 Associated Press and IBJ Staff
The report says Indianapolis added an average of about 7,200 residents annually from 2010 to 2013, nearly twice its pace from 2000 to 2010.
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Ball State prepared to pick new president

May 22, 2014
Associated Press
The new president will replace Jo Ann Gora, who is retiring in June after 10 years leading the 18,000-student university.
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State approves rate hike for Citizens Thermal

May 21, 2014
Dan Human
Citizens Energy Group will raise rates for about 250 customers that use the utility’s steam and chilled water services.
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Former real estate broker faces felony charges

May 21, 2014
 IBJ Staff
The Marion County prosecutor’s office said David Garden was charged with corrupt business influence, 11 counts of forgery and 15 counts of theft.
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  1. As I understand it, the idea is to offer police to live in high risk areas in exchange for a housing benefit/subsidy of some kind. This fact means there is a choice for the officer(s) to take the offer and receive the benefit. In terms of mandating living in a community, it is entirely reasonable for employers to mandate public safety officials live in their community. Again, the public safety official has a choice, to live in the area or to take another job.

  2. The free market will seek its own level. If Employers cannot hire a retain good employees in Marion Co they will leave and set up shop in adjacent county. Marion Co already suffers from businesses leaving I would think this would encourage more of the same.

  3. We gotta stop this Senior crime. Perhaps long jail terms for these old boozers is in order. There are times these days (more rather than less) when this state makes me sick.

  4. One option is to redistribute the payroll tax already collected by the State. A greater share could be allocated to the county of the workplace location as opposed to the county of residency. Not a new tax, just re-allocate what is currently collected.

  5. Have to agree with Mal Burgess. The biggest problem is massive family breakdown in these neighborhoods. While there are a lot of similiarities, there is a MASSIVE difference between 46218 and 46219. 46219 is diluted by some stable areas, and that's probably where the officers live. Incentivizing is fine, but don't criticize officers for choosing not to live in these neighbor hoods. They have to have a break from what is arguably one of the highest stress job in the land. And you'll have to give me hard evidence that putting officers there is going to make a significant difference. Solid family units, responsible fathers, siblings with the same fathers, engaged parents, commitment to education, respect for the rule of law and the importance of work/a job. If the families and the schools (and society) will support these, THEN we can make a difference.

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