People in the news - Aug. 13, 2012

 IBJ Staff
August 11, 2012
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Debbie Hyde has joined Somerset CPAs as business development manager.

Dauby O’Connor & Zaleski LLC has promoted the following accountants: audit seniors: Nick Barnard, Dave Brandt, Brian Fishback, Brian Frantz, Lauren Graham, Molly Griswold, Will McCullough, Whitney O’Brien, Bobby Riddell, Kraig Sanders, Neil Savage, Corey Stark, Jeremy Wilson and Trent Wilson; tax seniors: Kara Polston and Kristen Tyler; audit managers: Katie Douglas, Chris Thompson and Michael Turner; tax managers: Kristie Richie and Kyle Waldman; audit senior managers: Andy Lannert and Amy Ring; and Jacob Buehler and Greg Wasiak, audit principals.

Lisa Rednour has been promoted to office manager, and Kelley J. Wolfe has been promoted to manager in the entrepreneurial services group at Greenwalt CPAs.

Chad Cassinelli has been named senior vice president, managing director of M&I Wealth Management, BMO Financial Group.

VSA Indiana has named the following officers: Ron Lenz, Katz Sapper & Miller LLP, chairman; Bruce Westphal, The Great Frame Up, vice chairman; Joyce Sommers, secretary; and Ben Bennett, Muncie community activist, treasurer. Anna Obergfell, Wishard Health Services, and Laura Harms,The Julian Center, have been named new board members.

Russell D. Baker has been promoted to vice president of academic affairs at Ivy Tech Community College. Julie Lorton-Rowland has been promoted to vice president, human resources.

John T. Althardt has been named director of the office of school and community relations for the Indianapolis Public Schools.

City Securities Corp. has added the following: Linda Matkowski, executive vice president, public finance group; and Timothy Trostle, vice president, corporate finance group.

Ralph Nowak has been named regional director of portfolio management central states region for M&I Wealth Management.

Dawn Bayles has been named partner at Advanced Valuation LLC. Jason Rigby has been named managing partner.

Mary Rosswurm, Little Star Center, has been named to the Indiana Commission on Autism.

Health Care
Steve Jarosinski has joined Community Physician Network as chief specialty care executive. Jennifer Wethe has joined the team of neuropsychologists at Hook Rehabilitation Center. Jim Beitman has joined Pro-Active Resources as director.•


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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing