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In-Depth Report
City bans bulk land-bank sales after lopsided deal with not-for-profit
November 3, 2012
Cory SchoutenIndianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately
flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors
more than $1 million. (with interactive
map)
MoreSPECIAL REPORT: Stock-based pay builds wealth for Indiana execs
June 2, 2012
Greg AndrewsIBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation
rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted.
If a company's stock price surges, executives can make out far better. (with searchable
database)
MoreCrean, Painter contracts packed with rewards for postseason success
March 10, 2012
Anthony SchoettleIndiana University Coach Tom Crean and Purdue University Coach Matt Painter cash in big time when their teams perform well,
especially in postseason play.
MoreAirport execs' globetrotting sparks scrutiny
March 10, 2012
Chris O'MalleyIndianapolis Airport Authority CEO John Clark and two key officers spent more than $67,000 last year on travel that included
extended business trips to Brazil, Denmark, Greece, Morocco and Switzerland.
MoreBioCrossroads has stoked state's life sciences industry, but challenges remain
February 11, 2012
J.K. WallIn the 10 years BioCrossroads has been promoting life sciences in Indiana, the effort has netted more than 330 new companies,
an infusion of more than $330 million in venture capital, a tripling of exports, and a growing number of mentions in national
reports on life sciences.
MoreWarnings about broker's tactics went unheeded
December 17, 2011
Cory SchoutenSeveral state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched
an investigation that led to his indictment.
MorePro athletes' charities often have limited life spans
July 23, 2011
Kathleen McLaughlinWealth and fame often lead professional athletes to share their success in the charitable arena, but those efforts rarely
last much longer than their careers as the organizations struggle to survive in an already-crowded philanthropic field.
MoreCritics: City's effort to help ex-offenders ineffective
June 11, 2011
Francesca JaroszThree years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison
visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of
that goal but has accomplished little else.
MoreCEOs see stock windfall after market crash
May 28, 2011
J.K. WallExecutives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's
Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three
years ago. With searchable database.
MoreReform law gives charters leeway to hire unlicensed teachers
May 7, 2011
Francesca JaroszLegislation that expands charter schools in Indiana also could increase the number of teachers at those schools without licenses,
making it easier for educators like Eric Nentrup to take non-traditional paths to the classroom.
MoreNew laws hang teacher pay on performance
May 7, 2011
J.K. WallCharters and vouchers may have sparked the loudest education-related protests before the Legislature this year, but changes
to teacher evaluations are likely to have the biggest impact on Indiana’s public schools.
MoreControversy brews over judging charter performance
April 2, 2011
J.K. WallThere is little agreement—but lots of politics and complex statistics—on how to define success and failure in
Indiana’s public schools.
MoreSPECIAL REPORT: Indiana companies charge into China
March 26, 2011
Greg AndrewsWith economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing
Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst
for goods and services.
MorePartisan divide could threaten long-term education reform
February 26, 2011
Francesca JaroszIndiana’s Republican-controlled Legislature will likely pass the bulk of education-reform measures being pushed this
year by party heavyweights, but partisan rancor could threaten the long-term prospects for a sweeping overhaul of the state’s
public schools.
MoreDual roles give Bess unusual view into schools
February 26, 2011
J.K. Wall
As a Danville school board member and superintendent of Indianapolis
Metropolitan High, Scott Bess is straddling the increasingly contentious chasm between traditional public schools and privately
operated charters.
Charter school's nimble approach could become the norm
January 29, 2011
Francesca Jarosz, J.K. WallIndianapolis Metropolitan High School implemented a school-wide overhaul in its educational approach in only three months.
The charter school might be the face of the future for all Indiana public schools.
MoreCity vendor may get $1.2B from parking-privatization deal
August 28, 2010
Cory SchoutenThe pitch from Mayor Greg Ballard’s administration to privatize the city's parking meters is compelling, but the proposal
to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately
apparent.
MoreBond swaps cost city units $93M in penalties
July 3, 2010
Cory SchoutenWall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce
borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied
on misguided assumptions, and taxpayers paid.
MoreSoft Landing: Pay slipped for most execs in 2009, but cuts weren't deep
May 22, 2010
Peter SchnitzlerTop executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
MoreSPECIAL REPORT: Brizzi ordered lenient deal for business partner's client
April 3, 2010
Cory SchoutenMarion County Prosecutor Carl Brizzi last year intervened in a major drug case to offer a reduced sentence over objections
from both law enforcement officers and his own deputy prosecutors.
MoreBrizzi's lease deals benefited friend, donor
March 13, 2010
Cory SchoutenRecords show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor's Office to his friend, business
partner and political contributor John Bales.
MoreRelated-party loans pile up at Durham-owned finance firm
October 24, 2009
Greg AndrewsIndianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
MoreHalf of state's public-company CEOs saw pay rise in 2008
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 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.
MoreGrad students dream up plans for mass transit
April 27, 2009
Chris O'MalleyArchitecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling
than the Central Indiana Regional
Transit Authority's principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running
a diesel commuter train atop the old Nickel Plate Railroad corridor.
MoreSimon family's interests helped city thrive, but taxpayers paid the price
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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liek the rest of America
These quaint,obsessed musings by the stalkers are certainly entertaining, but I'm trying to figure out what, if anything, all the yelping below has to do with Zak Brown.
It's evident that Moffett was pushing the right buttons and corporate America is now trying to squash him. He just wanted to withdraw the free pilot services provided to the company by the pilots to try and put some pressure on a company that has not been interested in negotiating a contract in over 5 years. The company does not provide a contract because not having one has saved them a bundle of money. Shame on any Republic pilots not standing behind their union leader just because things are getting tough, can you not see such strategic moves by the company as putting the last union president in a corporate position and into THEIR pocket. Do you really believe the last union president is so appalled at the attempts by Moffett, do you not remember his oppositions to the company? We stood behind him. It has been proven over and over again for thousands of years without fail, a man cannot serve two masters. Anyone that believes people vote contrary to their paycheck and livelihood deserve to be taken advantage of, the recent statements by the former union president are laughable as he denounces the current union president from his new corporate position. Have you ever seen a drafted sports player score points for his previous team, it cannot be done, he is not on the pilots side anymore, he gets his money a different way now than you and I do, and he should not be allowed to remain on the seniority list. A drafted player brings strength, credibility, tactical knowledge, and a strategic advantage to his NEW team, he would not be drafted or paid were it otherwise. We are all forced to choose only one side to play for and support, not doing so has many references in life such as insider trading and shaving points, all illegal for good reason. This basic fact is why corporate moguls, scientist, and engineers all sign non-discloser agreements and non-compete clauses, as protection in case they are lured into switching sides as our former union president has done. No NFL coach ever drafted a player so that both teams could benefit and better understand each other, they are recruited to win the game against that former team, period. Likewise the company does not recruit the former union president by accident or mutual understanding, its strategy. Don't confuse playing the game with good sportsman-like conduct in support of common business and prosperity goals, with the requirement to only play for one side. Good men we all love and favor fall subject to this manipulation, often without their knowledge, and it is not a betrayal of their friendship to oppose them when they switch sides. If we did not love and trust them, they would not have been chosen and lured to the other side in the first place. The deception by the drafted player is not made at a conscious level, it's just human nature and it's all about money and power which corrupts our ability to be objective and loyal to two masters. This is why our court system created the defense attorney, and why our military created counter intelligence. Its strategy and its propaganda, and it works, and that's why the "powers to be" manipulate the chess pieces by sometimes changing their colors. Some players know they are being manipulated when their color is changed, but it brings them more money and power so they do not care. The rest have good intentions but do not even realize they are being manipulated. This tactic is also known by another name, Divide and Conquer. In battle sending an imperfect message with an imperfect team is obviously not ideal, but it's still being sent by YOUR team, your union leader, a leader that has common goals and common rewards with you, they are the best, because we have elected them to do a job for us. If you are not backing Moffett but believing the spin by those that have recently switched sides, you are taking food out of your own mouth. Showing unity and backing an imperfect situation still results in taking just as much ground, it's about unity and bargaining power. It's not necessary to wait around for that perfect attack because it will never come, the company will spin and attempt to destroy anyone that gets in their way. Ultimately it's not about any specific attack anyway, ASAP or whatever it makes no difference, it is and always has been only about power. If this company cared about safety it would not build pairings with 8 hour overnights, come on, are you that naive? Besides, do you really think Hoffa cares, no, he got a call from corporate America and was squeezed into denouncing Moffett. If he didn't they would spin the safety card against him and the Teamsters National with implication for truckers, future contracts, insurance rates etc...saying something like the Teamsters use safety as a bargaining chip, blah blah blah... Do you really think any pilot is going to do something unsafe for the contract, absolutely not, the only ones threatening safety here is the company with reduced rest, fatigue, and poverty. Do you not find it odd that Hoffa and the Teamsters are opposing a Teamster president publicly? Would the Teamsters National not normally support and work with one of their own? Why did they not sit down and help him strategize, correct any mistakes, and charge ahead? Would the Teamsters National not normally support and leverage a contract for all those pilots that have been paying Teamster dues, isn't that why we have all been paying Teamster dues in the first place? I sure haven't been paying dues so that the Teamsters National could come along and write this kind of an article undercutting our union leader and our unity. Whose side is the Teamsters National really on, it's obviously not the Republic pilots side.
No matter what Moffatt does the company is going to spin it like he is the terrorist and brainwash people like you into believing it, wake up, back your players that are trying to change things for you and your livelihood. Where has Hoffa been for the last 6 years, except collecting our dues. Seriously, do you really think an FO going for upgrade, signed off by a checkairman ready for the upgrade, who then fails, is not even capable of returning as a First Officer.
whoa!