2012 Year in Review

Top 2012 news and newsmakers

December 29, 2012
Reflect on the biggest business news of 2012 with IBJ's complete year-in-review coverage, including a photo gallery, video highlights and A&E recap.
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Indiana adopts right to work

December 28, 2012
 IBJ Staff
Indiana in February became the first state in a decade to pass such a law, and it was all the more significant because of the state’s heavy concentration of manufacturing jobs and sizable union presence.
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WellPoint investors force Braly ouster

December 28, 2012
 IBJ Staff
Braly’s five-year tenure leading the Indianapolis-based health insurer was hurt by the recession but also by repeated missteps.
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In election shocker, voters bounce schools chief Bennett

December 28, 2012
 IBJ Staff
After becoming a celebrity in national education reform for spearheading sweeping changes in Indiana’s schools, Tony Bennett was bounced out of office by strong opposition from teachers, parents and their friends.
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City projects move ahead, following clash over TIF

December 28, 2012
 IBJ Staff
Mayor Greg Ballard charged forward on government-supported downtown development efforts after successfully shepherding an expansion of a TIF district over Democratic opposition.
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Digital marketer ExactTarget splashed onto NYSE

December 28, 2012
After an aborted attempt to go public in 2007, marketing software giant ExactTarget rang the bell on the New York Stock Exchange last March in an IPO that raised $162 million.
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Daniels wins presidency ... at Purdue

December 28, 2012
 IBJ Staff
About a year after deciding not to campaign for president of the United States, Gov. Mitch Daniels agreed to become the next president of Purdue University.
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Indy airport sends CEO Clark packing

December 28, 2012
 IBJ Staff
Mayor Greg Ballard apparently was unhappy with the pace of economic development at the airport under Clark. The CEO's extensive overseas travels also generated controversy.
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Bernard bounced as IndyCar Series CEO

December 28, 2012
 IBJ Staff
The ouster of Randy Bernard as IndyCar CEO led to new leadership for Hulman & Co., parent of the series and the Indianapolis Motor Speedway.
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ISO reaches new contract, launches fundraising spree

December 28, 2012
 IBJ Staff
Negotiations over musicians’ contracts hit a crescendo in September with a month-long lockout that ended when performers agreed to a shorter schedule to save money at the cash-strapped Indianapolis Symphony Orchestra.
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Developers unleash blitz of apartment projects

December 28, 2012
 IBJ Staff
Construction began or was to begin soon on dozens of projects with thousands of units, most quite upscale and aimed at one of two growing segments of the population who increasingly see no stigma in renting: aging boomers and young families.
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Judge lays into Durham, sentences him to 50 years

December 28, 2012
 IBJ Staff
Tim Durham, the Indianapolis businessman who used to dream of becoming the world’s richest man, ended 2012 broke and facing a 50-year prison sentence for orchestrating a $250 million Ponzi scheme.
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City successfully stages Super Bowl, shoots for another

December 28, 2012
 IBJ Staff
More than 1.1 million people poured into downtown Indianapolis for Super Bowl festivities in the 10 days leading up to the big game, held Feb. 5 at Lucas Oil Stadium.
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Hoosier voters tap Pence to continue Daniels' legacy

December 28, 2012
 IBJ Staff
Pence, who served in the U.S. House of Representatives since 2001, left his strident rhetoric on abortion and other social causes in Washington, D.C., as he toured Indiana in a red pickup truck and talked about his policy “Roadmap.”
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Other news: From Allison's IPO to Lugar's defeat

December 28, 2012
 IBJ Staff
Politics and real estate helped round out 2012's news of note.
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2012 NEWSMAKER: School librarian Ritz won with grass-roots campaign

December 28, 2012
 IBJ Staff
Democrat Glenda Ritz pulled off a David-versus-Goliath victory to unseat Republican Tony Bennett as Indiana’s superintendent of public instruction.
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2012 NEWSMAKER: Crime stance returns Hogsett to political spotlight

December 28, 2012
 IBJ Staff
U.S. Attorney Joseph Hogsett’s openly tough-on-crime approach has some political insiders speculating whether he’s seeking a higher office.
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2012 NEWSMAKER: Council Dem Mahern plays role of antagonist

December 28, 2012
 IBJ Staff
City-County Council Vice President Brian Mahern emerged as the chief foe of Indianapolis Mayor Greg Ballard’s redevelopment agenda.
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2012 NEWSMAKER: CEO keeps Simon stock surging

December 28, 2012
 IBJ Staff
If there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
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2012 NEWSMAKER: Miles adds to diverse business, sports career

December 28, 2012
 IBJ Staff
Veteran executive Mark Miles now has one of the most difficult jobs in sports—putting open-wheel racing on sound financial footing.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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