Once recruited for a high-level management position at a major soft drink company, John Kerns is now the recruiter, searching for presidents, vice presidents and directors for a number of Fortune 500 fi rms. But with the economy nosediving and companies laying off workers by the hundreds and thousands, Kerns calls this the most difficult […]
In less than four months, new Martin University President Algeania Freeman said, she hit her two main objectives for the state’s
only predominantly black university: cut costs and increase fund raising. But her whirlwind of activity
has not come without controversy.
Eugene Tempel, executive director of the Center on Philanthropy at Indiana University, has been chosen to replace Curt Simic as president of the IU Foundation, the university announced this morning. Many of Simic’s peers and colleagues said his shoes would be hard to fill, but Tempel, considered nationally an expert on philanthropy and not-for-profit management, […]
Curt Simic has spent 31 years as a student and in various positions at Indiana University. That’s nearly half his life devoted to the Bloomington campus. So it’s no surprise that Simic, 66, views his retirement as president of the IU Foundation-his most recent post and one he’s held the past 20 years-with mixed emotions. While he’s looking forward to having time to go bike riding-as a student in the early 1960s, Simic competed in the school’s Little 500 Bicycle…
Last summer, the United Way of Central Indiana decided it needed to go to school. The not-for-profit concluded that to achieve its goal of building stronger communities, it needed to supplement its human-service initiatives with a comprehensive focus on early childhood development and elementary education. “Our board decided we needed to elevate what we’re doing with schools and focus on root causes of why students don’t succeed,” said Ellen Annala, CEO of United Way. “If we don’t invest now when…
Retired Ivy Tech Community College President Gerald Lamkin has repaid nearly $20,000 after a review of the college foundation’s
expense-reimbursement policy uncovered bills that had been paid for him without proper documentation. College and foundation
officials call the accounting lapse and Lamkin’s inability to produce receipts for all the submitted expenses an “innocent
oversight” and have implemented a revised policy with tighter controls.
Cummins Inc. and other south-central Indiana employers are assessing flood damage in around their businesses as they prepare for the possibility of more storms this evening. Gov. Mitch Daniels has declared 29 Indiana counties disaster areas. As much as 11 inches of rain fell in parts of Indiana over the weekend. The National Weather Service […]
State and local leaders are turning up the amp on the importance of higher education, but they’re also trying to tune students into the message that being college-educated doesn’t have to mean spending four years at a university. In recent weeks, both Indianapolis Mayor Greg Ballard and Indiana Gov. Mitch Daniels have loudly proclaimed the state’s need for more workers with twoyear degrees. While government officials have long said the state needs a more educated work force to attract business,…
A private equity firm has bought the coupon redemption operations of Bloomington-based International Outsourcing Services for undisclosed terms. Los Angeles-based Marlin Equity Partners announced today it has formed a company, ProLogic Redemption Solutions, that will help retailers recover the value of coupons used in stores. Marlin said the new company’s headquarters will be in Los […]
Indianapolis-based Browning Investments Inc. will build a 30,000-square-foot office/warehouse for Markey’s Audio Visual in the Keystone Enterprise Park, boosting the park’s occupancy to about 90 percent. That’s a huge milestone for the 62-acre development, which sits in the blighted Martindale-Brightwood neighborhood, say officials with Browning and the city of Indianapolis. Keystone Enterprise Park, near Interstate 70 and Keystone Avenue, is a city-led venture launched to bring jobs and private investment to the near-northeast side. The goal was 600 jobs; more…
There’s no shortage of research pointing to the growth in the health care industry. For example, health care expenditures will account for nearly a quarter of the gross domestic product by 2020. Consumers are increasing the number of times they visit the doctor, and the increase is even greater for baby boomers. The number of medical procedures being performed on an outpatient basis rises yearly. And jobs in the industry will grow 20 percent by 2016. To meet those demands,…
Herff Jones Inc.’s latest acquisition is a whopper that will remake the competitive dynamics of its niche industry-the sale of high school rings, yearbooks and other products that help mark educational milestones. The Indianapolis-based company this month agreed to buy American Achievement Group Holding Corp., a deal that would reduce the roster of Herff’s major competitors from three to two. Herff has $511 million in annual revenue, while American Achievement has $315 million. Terms were not disclosed, but Dow Jones’…
A federal bill intended to bail out student loan lenders like Sallie Mae, one of central Indiana’s top employers, has raced like a bullet through Congress-a remarkable feat for Washington lawmakers. But what the future holds for embattled student lenders remains murky. While the newly passed measure will increase liquidity by allowing the U.S. Department of Education to buy loans, it leaves responsibility for working out the details to bureaucrats. In effect, Congress said in the bill that the Department…
Duke Realty Corp. and CB Richard Ellis Realty Trust have formed a joint venture that will buy from Duke up to $800 million of industrial buildings over the next three years. The agreement calls for the joint venture to buy six properties this year. The properties span 5.2 million square feet and are valued at […]
With turmoil in student lending markets escalating, some universities are making major changes to ensure students have access to loans for the upcoming academic year. The answer for the Bloomington campus of Indiana University and for IUPUI is to return to getting loans straight from the federal government under the Direct Loan Program. The change will go into effect at the start of the next academic year. The two universities here are following other schools across the country making the…
Unspecified issues with the kitchen staff have delayed the change in ownership of The Glass Chimney and Deeter’s, said James Roudebush, one of the three buyers in talks with restaurant owner Dieter Puska. “I’d say the deal is a little wobbly,” Roudebush said, but declined to explain the issues with the workers in the kitchen. […]
Three Carmel residents have bought the Glass Chimney and Deeter’s restaurants, both of which are dining fixtures in Hamilton County. The restaurants’ owner, Dieter Puska, said in January that he planned to retire and close both establishments on April 26, although he left open the possibility that someone might buy them. At the time, industry […]
Less than a week after ATA Airlines Inc. filed for bankruptcy and shut down April 3, Barbara Greene, a 24-year employee, was feeling good about finding a new job. The 52-year-old former government affairs worker coordinated the issuance of permits planes needed for landing in or flying over other countries. Her years with the airline included work with international agencies and travel to foreign locales. She credits her positive outlook to the help she’s receiving from a WorkOne training center…
The property tax reform plan recently signed into law by Gov. Mitch Daniels is expected to provide relief-eventually-for most homeowners. Unfortunately, the tax crisis wasn’t fixed fast enough for charter schools. Because property taxes haven’t been calculated yet this year, schools didn’t get funding advances from Marion County, something 15 of the county’s 21 charter schools needed last year. At least one school-Irvington Community Academy-has received help from the Greater Educational Opportunities Foundation in getting an emergency bridge loan of…
A Texas judge has sided with Clear Channel Communications Inc. in ordering several banks to fund the proposed $19 billion buyout of the San Antonio media company. In Indianapolis, Clear Channel owns rock powerhouse WFBQ-FM 94.7, alternative rock station WRZX-FM 103.3 and WNDE-AM 1260, which broadcasts a sports format. Clear Channel announced the ruling this […]
