Articles

Hot off the presses: a freshened-up IBJ

You’re holding in your hands a redesigned IBJ with a cleaner, more modern style and a host of new features we hope will make the publication an even more indispensable part of your weekly routine.

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ITT failure a calamity, but former execs say not fraud

The SEC broadly charges that two former ITT Educational Services executives concealed from investors the “extraordinary failure” of two off-balance-sheet student loan programs ITT helped set up in 2009 after the financial crisis shut down the market for traditional private education loans.

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Biglari like Obama

Just completed Greg Andrews’ [Jan. 27] column. Perhaps Sardar Biglari should consider a presidential run in 2016.

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Andrews on point about greedy Fair investors

Kudos to Greg Andrews on his [Dec. 10] column about the Fair Finance fraud. There is no excuse for this criminal behavior, and Tim Durham and his buddies got what they had coming to them. But Andrews is spot on in highlighting the complicity of the investors in their demise.

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Unorthodox pay package puts Biglari on defensive

Sardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style
compensation plan for himself late last month that could put staggering sums in his pocket.

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First Financial gets sweet deal on Irwin Financial’s bank assets

It’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants
of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp
was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms
that would make any deal-maker proud.

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