Shareholders
Shareholders vote disapproval of Simon's $120M bonus
May 21, 2012
Shareholders of Simon Property Group Inc. sent a resounding message to the company that they don't approve of a $120 million
retention award given to CEO David Simon.
MoreActivists plan to protest WellPoint political giving at meeting
May 15, 2012
J.K. WallA mix of union groups, activist investors and single-payer advocates will call for increased disclosure from WellPoint, and
some investment funds will vote against WellPoint board members who they say have failed to exercise proper oversight of WellPoint’s
political spending.
MoreShareholder group advises against Simon CEO bonus pay
May 7, 2012
Cory SchoutenSimon Property Group Inc. is firing back at a corporate governance advisory firm that has recommended Simon shareholders vote
against an employment agreement for CEO David Simon that includes a $120 million retention award.
MoreWall Street observers blast Emmis plan to ax preferred shares
April 2, 2012
Scott Olson, Cory SchoutenEmmis Communications Corp.'s effort to strip its preferred shareholders of their rights and avoid forking over about $10
million in unpaid dividends is drawing sharp criticism from top market observers, including a columnist for The New York
Times.
MoreLilly to try again to remove poison-pill provisions
March 6, 2012
J.K. WallEli Lilly and Co.'s board is once again recommending the removal of a provision that makes the company an almost impossible
target for hostile takeovers. The same proposal has fallen slightly short at each of the past two annual shareholder meetings.
MorePreferred shareholders blocking Emmis’ repurchase plans
December 19, 2011
Scott OlsonThe investors are concerned Emmis will gain voting rights to two-thirds of the preferred shares and that it would use that
clout to get out of paying millions of dollars in dividends.
MoreWellPoint approves annual 'say on pay' measure
May 17, 2011
J.K. WallShareholders of WellPoint Inc. approved on Tuesday the hefty pay packages of the company’s executives and voted for
the right to weigh in annually on future executive compensation.
MoreSoftware firm seeks to reorganize as holding company
April 12, 2011
Scott OlsonInteractive Intelligence Inc. will ask shareholders at its next annual meeting to vote on a proposal to reorganize the software
firm under a new holding company called Interactive Intelligence Group Inc.
MoreBiglari adjusts controversial pay proposal
October 1, 2010
Cory SchoutenThe parent company of Steak n Shake restaurants has scaled back a controversial pay package for its CEO in hopes of securing
shareholder approval of the plan at a rescheduled special meeting.
MoreUPDATE: Large debt load will continue to weigh on Emmis
September 9, 2010
Scott OlsonEmmis, which has been awash in red ink, must contend with more than $340 million in debt after CEO Jeff Smulyan failed in
his attempt to purchase the company and take it private.
MoreSmulyan delays Emmis buyout vote again
September 8, 2010
A Wednesday evening shareholders meeting has been postponed until Thursday at 8:30 a.m., when the Emmis CEO again will try
to take the company private.
MoreWill third time be a charm for Emmis?
August 13, 2010
Scott OlsonEmmis shareholders are set to vote again Friday night on taking the company private, but the proposal could be in jeopardy
if a deal is not reached
soon, says one investment expert.
MoreSmulyan considering another option to take Emmis private
August 4, 2010
Scott OlsonThe communications company said in a news release that CEO Jeff Smulyan is continuing to negotiate with a group of preferred
shareholders
and is considering another buyout option that would not require their consent.
MoreUPDATE: Emmis postpones buyout decision
August 3, 2010
Scott Olson, J.K. WallEmmis Communications Corp. on Tuesday postponed a decision on CEO Jeff Smulyan's bid to take the company private, saying
it did not receive enough votes from shareholders to reach a quorum.
MoreEmmis shares skid ahead of buyout vote
August 3, 2010
J.K. WallOpposition by preferred shareholders has Emmis shares trading at more than 30 percent below the buyout price of $2.40 per
share.
MorePreferred-shareholders group may thwart buyout of Emmis
July 31, 2010
Anthony SchoettleEmmis Communications Corp. Chairman Jeff Smulyan’s effort to take the media company private could be derailed by a band
of preferred stockholders who oppose the plan.
MoreSmulyan buyout plan could take Emmis full circle
June 5, 2010
Greg AndrewsThe going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering
five years from now.
MoreUPDATE: Emmis takeover deal unlikely to hit turbulence
April 26, 2010
Greg Andrews, Scott OlsonA big Emmis Communications Corp. shareholder believes the $90 million deal CEO Jeff Smulyan unveiled Monday morning to
take the company private is unlikely to get derailed—even though it’s worth far less than a takeover offer Smulyan
failed to get through his board four years ago.
MoreEmmis chief looks to take company private
April 26, 2010
Scott OlsonJS Acquisition Inc., the company Emmis CEO Jeff Smulyan has established to complete the acquisition, would purchase all shares
of publicly traded Emmis for about $90 million, according to Monday morning's announcement.
MoreShareholders fail to remove Lilly's anti-takeover provision
April 19, 2010
J.K. WallThe proposal to remove an 80-percent approval threshold for takeover bids against the wishes of Lilly’s board received
approval from shareholders holding 74 percent of Lilly’s shares.
MoreShares fall after Lilly earnings report
April 19, 2010
J.K. WallLilly shareholders are set to gather Monday in Indianapolis to hear an update on the company’s performance, including
how it will keep paying its generous dividend during the lean years after Zyprexa’s patent expiration.
MoreSteak n Shake unveils new restaurant prototype
April 9, 2010
Cory SchoutenThe company now known as Biglari Holdings Inc. on Thursday unveiled a new prototype for future Steak n Shake restaurants.
CEO Sardar Biglari said the goal is to open about 1,500 new franchise locations in the coming years.
MoreUPDATE: Steak n Shake shareholders OK name change
April 8, 2010
Cory SchoutenSteak n Shake Co. shareholders on Thursday approved changing the parent company’s name to Biglari Holdings Inc. Shares
begin trading under the new name on Friday.
MoreSteak n Shake CEO woos investors in New York City
April 8, 2010
Cory SchoutenSteak n Shake Co. doesn't operate a single restaurant in New York City, where it is hosting its annual meeting Thursday.
But the world financial capital is chock full of high-profile investors intrigued by Steak n Shake CEO Sardar Biglari's
plans to harvest cash from the 485-location restaurant chain and deploy it on other investments.
MoreConseco seeking to change its name
March 25, 2010
IBJ Staff and Bloomberg NewsCarmel-based insurer Conseco Inc. will ask shareholders to approve changing the company’s name to CNO Financial Group,
the company said Thursday morning.
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Great article Anthony. Glad IMS is finally being run like a business and not a personal check book to finance the "Vision".
Things are looking up but 15 years of scorched earth won't be fixed overnight. Unfortunately the TV ratings are still poor and that won't change anytime soon with the brilliant 10 year contract signed under the former regime.
Brett not sure why you wonder what he said in his quote. "''I would like to jump in a time machine, go back to 1995, and tell the owners and Tony George not to split,'' Franchitti said. ''As soon as my time machine is done, I know where I'm going.''"
Pretty clear, he would love to go back and tell TG and the team owners not to split.
I am not sure there is anyone who wanted the split, and I don't think there is anyone who would not like to go back and prevent the split. But, as has been discussed ad nauseum, without the split carts management by team owners would have run all of ow racing into bankruptcy. If cart had such a wonderful product, then losing IMS would not have forced it into bankruptcy. If NASCAR lost Daytona or Charlotte, it would not fail like cart did.
Truth,
So you predicted that cart would go into bankruptcy and cease to exist while Indycar would continue on? I missed that prediction.
I want to live in a city that has a garage structure to be proud of for it's innovating design!
Well written Anthony. I think the toughest thing for the Hulmans and true of any family company is that reality was getting more complex than could be handled by the family. Almost any family owned business must realize that or die. Tough decisions, but ones that had to be made.
I don't like the wall signage, but in this era of sports marketing it is almost required. Many folks cringed at advertising at Assembly Hall and Hinkle fieldhouse, but times and finances change.
Thanks also for reminding us the other blue chip sponsors IMS has picked up.
Not to mention how it would improve the view from the offices of the AUL building. Do you remember when Circle Center had a contest for the best roof design after the mall was completed? Great opportunity here...