People in the news - March 8, 2010

IBJ Staff
March 6, 2010
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The Health Foundation of Greater Indianapolis has elected the following officers: Daniel Hodgkins, Community Health Network, chairman; Thomas J. Feeney, vice chairman; Monica Medina, Indiana University School of Education in Indianapolis, secretary; David Suess, Bose McKinney & Evans LLP, treasurer; and Dr. Virginia A. Caine, Marion County Health Department, immediate past chairwoman. New trustees are Patricia A. Riley, Indiana Court of Appeals; Anne Schmidt Belcher, DNS, RN, Associate Professor, Department of Environments for Health: Kenneth Hull, Speedway School System; Teresa C. Craig, independent consultant.

Legacy Fund has named the following officers: Larry J. Sablosky, chairman; Peggy Monson, Heartland Truly Moving Pictures, vice chairwoman; Ann M. O’Hara, Church Church Hittle & Antrim, secretary; Corby D. Thompson, Thompson Land Co. Inc., treasurer; Mike Houk, executive committee at-large; and Brad Little, president. New directors are Lisa B. Allen, Hamilton Southeastern Education Foundation; Ron Brumbarger, Bitwise Solutions; Kay Hartley, Hartley Cos.; Jim Longstreth, Financial Partners Group; Steve A. Pittman, Pittman Partners; and Dane Rowland, Rowland Printing.

Lee A. Smith has joined Historic Landmarks Foundation of Indiana as donor relations and special projects manager.

WestPoint Financial Group has added the following financial services representatives: Jim Cherco, Michael Cahill, Marty Culver, Michael Drew, Stephan Hodge, Nick Hutchison and Chris Williams.

Jared Hammack has joined Veros Partners as a senior advisor.

Daniel G. Stewart has joined Allegiant Financial Group as a financial-services professional.

The Carmel Chamber of Commerce has named the following officers: Randy Sorrell, Surroundings by Natureworks+, chairman; Dr. Lynda Smirz, Clarian North Medical Center, chairwoman elect; William Redman, First Merchants Bank, treasurer; Gary Everling, St. Vincent Carmel Hospital, secretary; and Jeff Salsbery, Salsbery Brothers Landscaping, past chairman. Susan Ziel, Krieg DeVault, has been named to the board.

Tom Barrett has been elected to the board of directors of the Indiana Nursery and Landscaping Association.

TechPoint has named the following new members to the board: Christopher Clapp, Great Blue Ventures LLC; Christopher L. Day, Navidar Group; Gail Farnsley, Purdue University; Barbara Hansen, TW Telecom; Barb Kew, Hill Rom; and Jane Niederberger, My Health Care 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.