Indianapolis Business Journal

MAY 20-26, 2013

It's no secret that the top executives at public companies receive fat paychecks. This week, IBJ uncovers the goodies ladled on top of that compensation. Using public records, reporter Dan Human finds that some officers at Indiana's top public firms spent tens of thousands of company dollars on personal expenses such as travel, golf club memberships and financial advisers. Also in this issue, learn about the $171 million rounded up by a local private investment firm to invest in other companies. And in Focus, J.K. Wall details how mobile apps designed to improve users' health could be a real threat to Indiana's established life-sciences giants like Eli Lilly and Co., Roche Diagnostics Corp., and  Cook Medical Inc.

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Top StoriesBack to Top

Centerfield rounds up $171M for new fund

An Indianapolis private investment firm has raised one of the largest-ever funds in the state. Centerfield Capital Partners pulled in $171 million that it plans to invest in about 20 companies. Its two previous funds totaled $60 million and $116 million.

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FocusBack to Top

OpinionBack to Top

EDITORIAL: CEOs should buy their own perks

It’s no secret that CEOs of public companies make a lot of money.<br><br>And in general, they earn it: It takes talent, hard work and vision to oversee thousands of employees, answer to impatient shareholders, guard against competitive threats, and keep the trains running on time, particularly at behemoths like Eli Lilly and Co., WellPoint Inc., Cummins Inc. and Simon Property Group Inc.

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DAVIS: Support workers’ volunteerism

With businesses everywhere working to attract and retain great talent and customers, giving back to the community can end up on the back burner. The time and effort required to connect with charities, plan events and provide time off from critical business focus initially seems to be counterproductive. This paradigm leaves many leaders scratching their heads about corporate social responsibility.

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KENNEDY: We the ignorant people

Like it or not, the United States is a country where, increasingly, people read different books and newspapers, visit different blogs, watch different television programs, attend different churches and even speak different languages.

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Transit skeptic lists demands

You ask how to get non-believers on board [May 13 editorial].

1. Show me one mass transit system in the nation that is self-supporting, including upkeep and depreciation with excess inflow of cash.

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In BriefBack to Top