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Tony George voted back onto Hulman & Co. board

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Tony George has been voted back onto the board of directors of Hulman & Co., the family company that oversees the Indianapolis Motor Speedway and IndyCar Series.

Hulman & Co. announced in a statement Thursday that it expanded its board of directors from four to eight “in an effort to best position the company to take advantage of the promising outlook over the upcoming years.”

The changes were made at a regularly scheduled quarterly shareholders meeting.

In addition to Tony George, the new members are HHGregg Inc. Chairman Jerry Throgmartin, LDI Ltd. Chairman Andre B. Lacy and Michael L. Smith, a former WellPoint Inc. executive.

“As we strive to position Hulman & Co. to be more competitive and relevant in this marketplace, the current board believes we can strengthen our position by calling upon the successful business expertise of these additional board members,” IMS Chairwoman Mari Hulman George said in the statement.

“We are pleased to welcome Andre, Mike and Jerry to the board. In addition, I am particularly pleased that we will be adding Tony to the Hulman & Co. board, a board upon which he has been a member in the past.

“Over the last 18 months, we have successfully positioned Hulman & Co. for future growth through strong management, limited streamlining and other efficiencies. We are excited about the future, and we believe the addition of these board members and their long and proven history of extremely successful business management will benefit Hulman & Co. greatly.”

The new board members will not be involved in day-to-day management of Hulman & Co., and the company's management structure isn't changing, the statement said.

Tony George stepped down as CEO of Hulman and Co. and resigned from its board in June 2009. His departure came after board members—namely Tony’s three sisters—squabbled over his management of the track and open-wheel series, which has failed to turn a profit in its 15-year history.

It’s not clear how George’s re-emergence at the company will affect the IMS, the Indianapolis 500—which is celebrating its centennial this year—or the IndyCar Series.

Sources close to the IMS and series said that Mari Hulman George, the family matriarch, insisted on her son’s re-instatement to the board. The board was previously composed of Mari Hulman George and her three daughters—Nancy George, Josie George and Kathi Conforti-George.

Speedway officials say it's possible George also will return to the IMS board, but that has not been determined.

George stepped down as both Hulman & Co. and IMS CEO on June 30, 2009. Sources close to the Hulman George family said Tony’s three sisters in recent years had become upset over his heavy spending on the open-wheel series he formed in 1994.

Tony George was replaced as chief executive by a pair of longtime company employees—Jeff Belskus at IMS and Curt Brighton at Hulman & Co. George had held those positions since 1989.

Hulman & Co. also manufactures Clabber Girl Baking Powder, and has businesses in the banking and real estate sectors.

In March, former Pro Bull Riders CEO Randy Bernard was hired to replace Tony George as the boss of the open-wheel series. SpeedTV reported last year that Tony George made an unsuccessful attempt to buy the series.
 

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  • The Fanbase
    IMS & IZoD are forcing their new fan forum to shut down one or more of its forums because IMS and IZoD don't want current or potential sponsors to find out what the few remaining fans are actually all about. I hear the annual Klan/xenophobe rally in the month May is in jeopardy as well.
  • Trevor Bayne versus (no pun intended) Bertrand Baguette
    Trevor is all over the TEEVEE and even non-racing sports radio guys are talking about this clean-cut, handsome,young man with a heavy right foot and the will to in. When was the last time Bertrand, Vitor, or that funny French Canadian guy, what's his beard, see I don't even know it, the ex-CART guy, well, when was the last time they garnered so much attention? Any attention? NASCAR has these IndyCar boys beaten down like stomp on stink. Get the picture. Last year it was handsome All-American Jamie McMurry. This year the Bayne youngster. JuneBug is popular and he don't even win. This Logano boy, who better step up soon, is a popular lad anyhey. There's a bunch more. Again, Bertrand and this new Chinese fellow and VitorMania, now Legge coming back to this side of the pond to flip race cars...uh-uh. The pub ain't buyin'. Put 27-28 of these hard-charging, personable, talented,handsome young, articulate, athletic, AMERICANS in Indy Cars with three or four mustachioed, scarf-wearing dashing, European sportsmen who drink 101 Octane for breakfast and love Indy and speed, and who appreciate Indy
    like Wheldon does he can stay), and you have yourself a series. But dadgumit, Defender, Hedeki and Bertrand just didn't rez in Iowa and Kentucky. Mmmmmmmmmmmmmmmhhhhhhmmmmmmmmmmmm. Defend that, stink.
  • Daytona 500 TV ratings Got over 125% hIGER RATINGS THAT iNDY 500
    Daytona got MORE fans through the gates and had HIGHER TV RATINGS than the condensed month of MAY, the Indy 500.

    Daytona got over 125% better ratings than the hapless IRLzOD series. 2011 DEATHBLOW is beginning TODAY!

    CART (still dead twice) had better ratings than the IRL/Indycarzod....in fact, well over 150% higher. What happened?

    How much more evidence is needed to point out what an absolute FAILURE the IRL was, and what a daunting task 2011 will be to make it popular in mind of the fans? Yet we have disciple telling us it's all good? Bwahahhaha.

  • Duh
    Evolution.
  • Tiny D
    IRL500 has declined every year you have been defending it. what happened.
  • The Nose On Your Face
    Not bankruptcy. Twice.
  • Tiny D
    Indy 500 PEAKed the year before Tony & the IRL took over. what happened.
  • new split
    The re hiring of sonny boi is just another split.
    Hey Defender that would be TWICE!! I know you love that word.
  • \'Most Important Race in History\'
    It is only important to the inbread ImS place fans

    Chief it is the Most Important Race in History because its unlikely success or imminent failure will determine whether or not Tiny d can celebrate 101
  • Tiny D

    If Tony hadn\'t snorted away a significant portion of his brain function, he would have caught on to the fact that he could have used bankruptcy laws to save the Family 700 million dollars
  • I Enjoy Reading of the Obsessions of Children
    Perhaps it would be best to let the professionals who managed to make cart and champcar such rousing long term successes run things. LOL.
  • I get it
    Tony George was a destructive force on the sport of AOW. Even indirectly, he will continue to bring the sport to disaster.

    He must NOT be allowed to be involved in the sport again, EVER.
  • Dipsicle of iNdyCAR
    hay Tiny D, the moderator of the official IRL forum said your posts are ridiculous and embarrassing. Any comments?
  • Look out...
    Look out Tom and Tina, ol' disciple is going to chew up your responses because you failed to point out that even though the event isn't as big as it used to be (to you), it has a 40% growth in certain key demographics that will keep Izod happy and the big race as great as it has ever been to him.

    I guess there are just more and more folks that just don't get it.

    Maybe that is what he does not get.
  • Tiny D
    how many threads have you gotten closed over at crackforum since you went back?
  • Tom Greenacres is right
    Multitude of entertainment options. More on the way. What's more, the Indianapolis 500, ironically, is hobbled by its place on the annual calendar. Memorial Day weekend is the send-off to Summer and hundreds of thousands choose outdoor activities in parks and campsites. Compounding this situation, the "500" is far removed from the "radio event" must-listen too, even if in the background, as it was in the heyday of the 50's, 60's, and 70's. Now the IMS Radio Network is borne more of nostalgia than necessity.

    What once was great, is now of much smaller stature. Defined now more as a charming, Americana regional curiosity on a Sunday morn once a year, than a monumental "largest single-day sporting event in the world". Still a Midwestern "Mardi Gras" to be sure, but wait! Why so many Brazilian's, Australian's, Japanese, and Europeans, in the John Cougar Mellencamp-sound tracked, aw shucks, sycamore-treed Crossroads of America on this red, white, and blue, sunny Spring time day of memory? How does that fit with the BBQ ribs and bucket of chicken, as the "MEN" hurtle their machines across the great race track? The Men? Men named Simona and Danica. Polish on their toenails, not grease under their fingers. This is Indy?

    And so the sport and the event is a victim of numerous things, not the least if which is confusion, a sense of being out of place anymore, and a population that is not really interested in cars and races much anymore and certainly could care less about a Swedish woman or a diminuitive Brazilian dancer driving around in cars perceived to be "driving themselves" so technically-advanced are they the actual race driver is a non-hero, expensive toy purchaser from a wealthy background.

    The Indy 500 of today is very much a nostalgia-based event, more akin to the Kentucky Derby or the Major League Baseball All-Star Game. Steeped in tradition and once a mighty moment annually, but now relegated to lower-tier, ah here we go, it's that time of year again, time to trot 'er out for another one, gathering of fwere and fewer people, who care less and less about the actual sport, but gather at the struggle of letting go off the staid old traditions they have clung to for life. And that is ok. It has its place. But not at the top. No more. Not by a long list.

  • It was foreordained
    It was inevitable that TG would come back. Mary appeased Josie and the others, but that would not stand, nor was it expectected to. The 500 will never be what it was not entirely because of CART and Tony, but because the world has moved on, racing has changed and discretionary money has many suitors. Who would have guessed that cage fighting and WWF with its fake wrestling would command so much turnstile revenue?
  • But the fact remains...
    ...the sport is not popular. The Indy 500 is is a small mention now.
  • Life IS Too Short For Ignorant Hatred of Tony George
    Hey Jay...here is what I find fascinating. Tony George started a series that is flourishing today. The series that arrogantly boycotted Indy killed themselves. Twice. Now talk to me about the smartest guy in the room. Also, Tony George is on the record as openly supporting Randy Bernard.
  • Interesting
    Welcome back to Tony....i think he does add personal experience to the board (whether good or bad we can all learn from the past...right?). I am glad to see that they have tempered that decision by adding some diversity to the board...which could have helped all along. I am with Jay....Robin Miller would be an excellent addition to the board.
  • Nepotism
    Fascinating...a guy who almost singlehandedly destroyed open wheel racing is now back in a position to depose the only good thing the series has done in years, which is hire Randy Bernard. Since Randy is the type that will put up with very little interference before telling Tony to stick it where the sun doesn't shine, I imagine his days are numbered.
    Tony George has no insight, only ego, he is a megalomaniac who couldn't survive as a decision maker in a private company for a year...he is very fortunate to have a family who has enough money to continue to support and reward his ineptitude. The family ought to be forced to hire Robin Miller to sit on the board as well, as the representative to be the voice of open wheel racing fans. In the meantime, all you can hope for is that the family will keep Tony as far away from IMS as possible.
  • Family fued
    Perhaps Moma Hulman realized that she or the girls are not capable of handling finacial matters. sounds like Moma and Tony have made peace with each other.
  • Wise choices
    Welcome back, IMS missed your participation!!! It's about time, cheers to Mari Hulman George.
  • Welcome Back Tony
    It appears a diverse group of professionals was added to the board. Congratulations. Tony's insight will be a valuable component.
  • See ya
    Later Randy! So long see ya' wouldn't want to be ya'!
  • Holman Oil
    Would this have anything to to with the fact that Hulman and Company hit oil on the Hulman farm in Terre Haute this week?
  • Oh Boy!
    This should be interesting...

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  1. You are correct that Obamacare requires health insurance policies to include richer benefits and protects patients who get sick. That's what I was getting at when I wrote above, "That’s because Obamacare required insurers to take all customers, regardless of their health status, and also established a floor on how skimpy the benefits paid for by health plans could be." I think it's vital to know exactly how much the essential health benefits are costing over previous policies. Unless we know the cost of the law, we can't do a cost-benefit analysis. Taxes were raised in order to offset a 31% rise in health insurance premiums, an increase that paid for richer benefits. Are those richer benefits worth that much or not? That's the question we need to answer. This study at least gets us started on doing so.

  2. *5 employees per floor. Either way its ridiculous.

  3. Jim, thanks for always ready my stuff and providing thoughtful comments. I am sure that someone more familiar with research design and methods could take issue with Kowalski's study. I thought it was of considerable value, however, because so far we have been crediting Obamacare for all the gains in coverage and all price increases, neither of which is entirely fair. This is at least a rigorous attempt to sort things out. Maybe a quixotic attempt, but it's one of the first ones I've seen try to do it in a sophisticated way.

  4. In addition to rewriting history, the paper (or at least your summary of it) ignores that Obamacare policies now must provide "essential health benefits". Maybe Mr Wall has always been insured in a group plan but even group plans had holes you could drive a truck through, like the Colts defensive line last night. Individual plans were even worse. So, when you come up with a study that factors that in, let me know, otherwise the numbers are garbage.

  5. You guys are absolutely right: Cummins should build a massive 80-story high rise, and give each employee 5 floors. Or, I suppose they could always rent out the top floors if they wanted, since downtown office space is bursting at the seams (http://www.ibj.com/article?articleId=49481).

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