Small not-for-profits’ strategy of recruiting big-business executives for top posts has had mixed results since coming into vogue in the 1990s. For some of the executives, the transitions is a culture shock.
An Indianapolis developer’s last-minute bankruptcy filing halted the auction of a struggling downtown condominium project.
Gary Ginstling acknowledges the heap of work that awaits him when he begins as CEO of the Indianapolis Symphony Orchestra on March 18.
The Indianapolis Symphony Orchestra announced Wednesday that it has named Gary Ginstling as its new CEO. He replaces Simon Crookall, who resigned suddenly in February 2012.
An acquisition spree helped oil refiner Calumet Specialty Products increase profit almost five-fold in 2012, the Indianapolis-based company reported Wednesday morning.
Calumet Specialty Products Partners LP plans to build a $300 million diesel refinery in North Dakota as part of a joint venture with energy company MDU Resources Group Inc., the firms announced after markets closed Thursday.
Voxx International Corp.’s $166 million buyout of Indianapolis-based speaker maker Klipsch Group two years ago so far hasn’t generated the excitement on Wall Street that Voxx wants.
Indianapolis Museum of Art CEO Charles Venable plans to cut costs and use major exhibits to boost attendance—a strategy aimed at reducing the museum’s reliance on investment returns and allowing its endowment to grow back to pre-recession level.
The ISO hopes that occasionally featuring classically trained artists who stray from traditional symphony conventions will tap new audiences and fill empty seats.
The Indianapolis Symphony Orchestra said Thursday that it far surpassed its $5 million goal for a fundraising campaign that helped lock in a long-term contract for the ISO's musicians. The campaign raised a total of $8.5 million.
Performers had been working under a bridge agreement since a five-week lockout ended in October. At the time, the parties agreed that a new, five-year contract would go into effect only if the symphony raised $5 million by Feb. 3.
Endowments at most Indiana universities took a hit in the 2011-2012 fiscal year, causing them to stumble as they worked their ways back to pre-recession levels. Eighteen of 24 Indiana institutions surveyed reported declines in their endowments, which pay for student scholarships, capital projects and operational costs, among other expenses. And four of the six […]
Remy International Inc. President and CEO John Weber will resign at the end of February after leading the company for seven years, the Pendleton-based automotive supplier announced Friday.
Don Marsh, the former supermarket-chain CEO, went on trial in civil court Monday morning over millions of dollars in expenses he charged to the company. Proceedings got underway with attorneys selecting five men and four women for the jury before breaking for lunch.
The state wants to fine Pilkington North America $231,000 following another round of safety concerns at a Shelbyville factory. This is at least the third time in less than a year, and fourth time since 2010, that the state has stepped in to address problems at the plant.
Rolls-Royce has offered buyouts and early retirement to 28 union production workers because of decreased product demand. The company declined to say whether any non-union workers were being cut.
The company, which develops computer-controlled equipment for cutting and forming metal, made progress in fiscal 2012 toward restoring profitability to pre-recession levels.
The value of Lilly Endowment Inc.’s principal holding—Eli Lilly and Co. stock—has increased nearly $2 billion over the past two years, bolstering the private foundation’s philanthropic firepower after a decade of declining or stagnant assets.
Reform advocates say it’s common for parents to get a new job with a meager pay raise that is just enough to push them out of the eligibility limits. Ultimately, the families have less money.
The Indianapolis Symphony Orchestra has raised barely half the $5 million the organization says it needs by Feb. 3 to live up to the terms of a contract it negotiated with musicians last fall.
