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Public Companies
Kite Realty Group slashes CEO's pay 44 percent
April 14, 2010
Peter SchnitzlerJohn A. Kite's total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
MoreReport: Simon may drop General Growth bid
April 12, 2010
Bloomberg NewsShares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after
a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
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.
MoreBrightpoint cuts CEO's pay by almost 35 percent
April 5, 2010
Peter SchnitzlerRobert J. Laikin earned $2.2 million in 2009, nearly 35 percent less than in 2008. Several other members of his management
team also took
substantial pay cuts.
MoreProxy Corner: ITT Educational Services Inc.
April 3, 2010
IBJ StaffITT Educational Services Inc., 13000 N. Meridian St., Carmel, 46032, www.ittesi.com, provides technology-oriented, post-secondary
education, including associate’s, bachelor’s and master’s degrees as well as non-degree programs.
MoreCompensation for WellPoint's Braly rises 51 percent
April 2, 2010
Associated PressStock options, bonus fuels CEO's pay.
MoreConseco trims CEO's pay but gives exec team raises
April 2, 2010
Peter SchnitzlerJames Prieur's total compensation fell 5 percent last year to $3.3 million, but other Conseco executives saw pay hikes between
25 percent and 54 percent.
MoreSeverance boosts pay of former Duke Realty exec
March 29, 2010
Peter SchnitzlerDuke Realty's former chief operating officer took home $3.1 million last year. The office, industrial and retail property
owner and manager
also awarded raises to its CEO and the rest of his management team.
MoreSimon Property hiked CEO's pay 34.7 percent last year
March 26, 2010
Peter SchnitzlerDavid Simon's $4.6 million in total compensation last year was $1.2 million more than in 2008. The rest of his management
team's pay declined or remained flat.
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.
MoreCummins cuts CEO's pay by nearly one-quarter
March 24, 2010
Peter SchnitzlerColumbus-based engine maker Cummins trimmed Solso's total compensation by $2.3 million last year; remainder of management
team took
similar pay cuts.
MorePROXY CORNER: Eli Lilly and Co.
March 20, 2010
IBJ StaffEli Lilly and Co. discovers, develops, manufactures and sells pharmaceutical products for humans and animals.
MoreOld National cut CEO's pay 10.6 percent last year
March 19, 2010
Peter SchnitzlerThe Evansville-based bank, the largest financial institution headquartered in Indiana, awarded Robert Jones $1.2 million in
total compensation last year, or $146,177 less than in 2008.
MoreWellPoint expects loss of 400,000 insured members this year
March 17, 2010
IBJ Staff and Bloomberg NewsIndianapolis-based health insurer expects revenue, profit to fall as persistently high unemployment reduces employer-sponsored
insurance enrollment.
MoreNoble Roman's boosts profit in 2009
March 17, 2010
IBJ StaffIndianapolis-based Noble Roman's Inc. improved its bottom line in 2009, reporting a $1.7 million profit despite revenue
that dropped 16 percent to $7.5 million.
MoreCummins expects profit to grow 10 percent a year
March 16, 2010
Bloomberg NewsColumbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit
to increase 10 percent a year and sales to grow 13 percent annually over the next five years.
MoreSimon, rival seek foreign investors to back General Growth bid
March 15, 2010
IBJ StaffIndianapolis-based Simon Property Group and its chief rival in the battle to acquire bankrupt shopping mall operator General
Growth Properties Inc. are seeking funding from sovereign wealth funds in the Middle East and Asia, according to the Financial
Times of London.
MoreITT Educational awards top managers substantial raises
March 10, 2010
Peter SchnitzlerThe Carmel-based for-profit educator paid CEO Kevin M. Modany $7.6 million in total compensation last year, a 63-percent increase
over 2008. And the rest of his management team all enjoyed pay increases of 45 percent or more.
MoreSimon Property CEO uses hard-nosed style to excel at acquisitions
March 6, 2010
Cory SchoutenDavid Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property
Group Inc. into the nation's largest mall owner—is trying to land his biggest deal yet.
MoreMarket surge doesn't lift Lilly Endowment
March 6, 2010
Kathleen McLaughlinLilly Endowment's resistance to diversify its holdings reached a new height last year, as it failed to sell a single share
of the underperforming Eli Lilly and Co. stock while the broader market surged.
MorePROXY CORNER: Hurco Cos. Inc.
March 6, 2010
IBJ StaffHurco Cos. Inc. designs and produces interactive computer controls, software and computerized machine systems for the worldwide
metal-cutting and metal-forming industry.
MoreThree Indiana companies among world's most admired
March 5, 2010
Brightpoint, WellPoint and Cummins are recognized by Fortune magazine as being among the best in their industries.
MoreCreditors: General Growth biased toward Brookfield proposal
March 3, 2010
Bloomberg NewsGeneral Growth Properties Inc. may favor a risky bid from Brookfield Asset Management Inc. because of that company’s
agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents. Simon Property
Group also has bid to acquire the bankrupt company.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!