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People in the news - Feb. 11, 2013

 IBJ Staff
February 9, 2013
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Advertising/Marketing/Public Relations
Raidious has promoted the following: Jim Hyslop, president; Ryan Smith, chief operating officer; and Brian Wyrick, chief technology officer. Lisa Manthei has joined as a production specialist, and Jamie Anderson has joined as an account executive.

Kara Wheat has joined Willow Marketing as graphic designer.

Angie Hibner has joined Element212 as vice president of marketing strategy.

Kaleigh Thorn has been promoted to an account representative and coordinator at K.H. Complete Advertising.

Civic/Not-for-Profit
Max Hank has been named a member of the Hendricks County Community Foundation advisory board.

The Arts Council of Indianapolis has added the following directors: Michael Huber, Indianapolis International Airport; Tanya Stuart Overdorf, Tanya S. Overdorf PC; Julie Reed, Simon Property Group; Angel Rivera, AMRB LLC; and Wayne Zink, Endangered Species Chocolate.

Finance
Michael E. Hoover has joined Argent Capital Management LLC as director of institutional sales.

Michael Charles has joined Wallington Asset Management as director of financial planning and portfolio manager.

Government
Rick Heimann has been named the new port director for the Port of Indiana-Burns Harbor.

Health Care
Little Star Center has named the following board of advisors: Dr. Patrick Friman, Dr. Dorothea Lerman, Dr. Dennis Reid, Dr. Mary Jane Weiss and Dr. Thomas Zane.

Media
Ron Broughton has joined WFYI Public Media as vice president and chief financial officer.

Restaurants
Zach Wilks has joined St. Elmo Steak House as mixologist.

Services
Phillip E. Chambers has been named president and CEO for The Townsend Corp.

Wendy Smith has been named director of talent acquisition at Stratosphere Quality.

Technology/Telecommunications
Indy IT Professionals has added the following: Dua Turkmani, business development specialist, and Christian Tysklind, Web/marketing guy. Sarah Keigley has been promoted to client services manager.

Doug Stump has joined TelSpan as sales manager.

James A. Bartek has joined Six Feet Up Inc. as director of marketing. Jen Mukes has joined as a sales support professional.

Transportation
Terry Mullins has joined MacAllister Transportation as transportation account manager.•
 

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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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