Public Companies

Interactive Intelligence performance lifts CEO's pay

April 15, 2010
Peter Schnitzler
CEO Donald Brown saw a 32.4-percent increase in total compensation last year as the software-maker's shares soared 169 percent.
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Kite Realty Group slashes CEO's pay 44 percent

April 14, 2010
Peter Schnitzler
John A. Kite's total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
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Report: Simon may drop General Growth bid

April 12, 2010
Bloomberg News
Shares 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.
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Steak n Shake unveils new restaurant prototype

April 9, 2010
Cory Schouten
The 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.
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UPDATE: Steak n Shake shareholders OK name change

April 8, 2010
Cory Schouten
Steak 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.
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Steak n Shake CEO woos investors in New York City

April 8, 2010
Cory Schouten
Steak 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.
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Brightpoint cuts CEO's pay by almost 35 percent

April 5, 2010
Peter Schnitzler
Robert 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.
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Proxy Corner: ITT Educational Services Inc.

April 3, 2010
 IBJ Staff
ITT 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.
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Compensation for WellPoint's Braly rises 51 percent

April 2, 2010
Associated Press
Stock options, bonus fuels CEO's pay.
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Conseco trims CEO's pay but gives exec team raises

April 2, 2010
Peter Schnitzler
James 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.
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Severance boosts pay of former Duke Realty exec

March 29, 2010
Peter Schnitzler
Duke 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.
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Simon Property hiked CEO's pay 34.7 percent last year

March 26, 2010
Peter Schnitzler
David 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.
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Conseco seeking to change its name

March 25, 2010
 IBJ Staff and Bloomberg News
Carmel-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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Cummins cuts CEO's pay by nearly one-quarter

March 24, 2010
Peter Schnitzler
Columbus-based engine maker Cummins trimmed Solso's total compensation by $2.3 million last year; remainder of management team took similar pay cuts.
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PROXY CORNER: Eli Lilly and Co.

March 20, 2010
 IBJ Staff
Eli Lilly and Co. discovers, develops, manufactures and sells pharmaceutical products for humans and animals.
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Old National cut CEO's pay 10.6 percent last year

March 19, 2010
Peter Schnitzler
The 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.
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WellPoint expects loss of 400,000 insured members this year

March 17, 2010
 IBJ Staff and Bloomberg News
Indianapolis-based health insurer expects revenue, profit to fall as persistently high unemployment reduces employer-sponsored insurance enrollment.
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Noble Roman's boosts profit in 2009

March 17, 2010
 IBJ Staff
Indianapolis-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.
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Cummins expects profit to grow 10 percent a year

March 16, 2010
Bloomberg News
Columbus-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.
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Simon, rival seek foreign investors to back General Growth bid

March 15, 2010
 IBJ Staff
Indianapolis-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.
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ITT Educational awards top managers substantial raises

March 10, 2010
Peter Schnitzler
The 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.
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Simon Property CEO uses hard-nosed style to excel at acquisitions

March 6, 2010
Cory Schouten
David 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.
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Market surge doesn't lift Lilly EndowmentRestricted Content

March 6, 2010
Kathleen McLaughlin
Lilly 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.
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PROXY CORNER: Hurco Cos. Inc.

March 6, 2010
 IBJ Staff
Hurco Cos. Inc. designs and produces interactive computer controls, software and computerized machine systems for the worldwide metal-cutting and metal-forming industry.
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Three 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.
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