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VOICES FROM THE INDUSTRY: Proper stormwater management saves money in long run Property owners should consider alternative methods for site development

September 5, 2005

To save themselves from unforeseen trouble down the road, buyers of site-development and buildingdesign services would be wise to consider the joint efforts of an experienced architectural firm working in tandem with an environmental consultant. The reason is fairly simple: Architects are trained to have knowledge in so many diverse and ever-changing subjects that the singular expertise of an environmental consultant can provide significant support in an area still quite new to many designers. While working with restrictive rules and…

Adidas’ Reebok purchase gives it extra muscle in China:

August 29, 2005

Adidas’ $3.8 billion purchase of Reebok International will help the companies open more stores and compete against Nike Inc. for leadership in China, the world’s fastestgrowing athletic gear market. “We are growing faster in China than Nike and together with Reebok we are bigger,” Adidas CEO Herbert Hainer said. “We can offer our full organization in China to help Reebok build stores.” Germany-based Adidas and Massachusetts-based Reebok announced their merger in early August. The companies haven’t disclosed what the pairing…

Stoeppelwerth & Associates: ‘Staking’ their claim on growth Local engineering firm finds abundant opportunities

August 22, 2005

While most 8-year-old boys were playing with toy trucks, Dave Stoeppelwerth was riding in big ones helping land surveyors at his father’s civil engineering firm. Stoeppelwerth, now 51 and CEO of Stoeppelwerth & Associates, grew up learning the business. In fact, Stoeppelwerth had done enough surveying during grade school and high school that at age 16 he became a crew chief working under his father, Dick, who started the north-side company in 1962. He joined the company full time after…

Solheim fills LPGA marketing cup: Sold-out international event at Crooked Stick set to be anchor of new advertising campaign

August 1, 2005

With unprecedented growth in Solheim Cup ticket and sponsorship sales, the LPGA is preparing to use the September event at Crooked Stick Golf Club as a cornerstone for its new, racier marketing campaign. The LPGA, working with the Indiana Sports Corp., quickly sold out the event earlier this year and expects more than 150,000 people to come through the turnstiles for the three days of practice and three days of competition for the international women’s golf event. “We had so…

Accounting employees in demand: Sarbanes-Oxley requirements spark hiring surge of experienced accountants, creating openings at smaller firms

July 25, 2005

Little did Josh Malarsky know five years ago when he began pursuing his master’s degree in accounting that firms would be hiring in such unprecedented numbers. But that was before federal legislation tightening auditing and accounting rules and regulations turned the profession on its head. Known as the Sarbanes-Oxley Act, the law and its stiffer controls have caused accounting firms and corporations to ratchet up staffing numbers. The Big Four firms that audit public companies mostly are searching for seniorlevel…

Ex-IPL officer fights utility: Claims wrongful termination, financial trickery

July 25, 2005

Not even a lineman at Indianapolis Power & Light Co. has more nerve than Dwane Ingalls. Floored that IPL’s CEO, Ann Murtlow, didn’t share his concerns that IPL was sending excessive cash to parent AES Corp. at the expense of electric-service reliability, the IPL vice president scheduled a meeting in mid-2003 at the Maryland home of AES CEO Paul Hanrahan. Hanrahan apparently didn’t see things Ingalls’ way. Within a year of the meeting, Murtlow terminated the 14-year AES employee. Now,…

EYE ON THE PIE: Brothers set example for today’s execs

July 25, 2005

Most of us know the fabled heroes of Bean Town. They include the Adams cousins (John and Sam). Paul Revere. The Kennedy brothers (John, Robert and Edward). Ted Williams, Carl Yazstremski, Bobby Orr, Bob Cousey, Bill Russell, Larry Bird and Tom Brady. Yet Boston’s most significant business heroes are not well-known today, at a time when their example could be most useful. Two brothers, Edward and Lincoln Filene, inherited their father’s department store in 1890. They spent the rest of…

AAR lands another maintenance customer at base: Work for ATA Airlines raises questions about future of carrier’s own maintenance hangar as fleet shrinks

July 18, 2005

ATA Airlines Inc. has tapped aircraft repair firm AAR Corp. to refurbish up to 14 older Boeing 737s joining its fleet rather than using its own maintenance operation barely a mile away. The Indianapolis-based airline also is considering a plan to abandon its maintenance facility for a smaller location at Indianapolis International Airport, according to a source involved in the leasing discussions. The bankrupt carrier indicated in a court hearing last week that it would not reject its current maintenance…

Researchers seek fuel-cell answers: Universities, companies see long-term potential in alternative power device

July 18, 2005

The figure-eight slot-car track in the basement laboratory at IUPUI looks out of place amid the expensive computer equipment surrounding it. But when research assistant Alan Benedict fumbles with a few wires and the cars come to life, it becomes clear the racetrack is more than just a toy. The miniature cars operate on fuel cells and are part of Purdue University’s exploration into the alternative power source. Scientists across the country are studying the clean power alternative, stoked by…

Builders pine for acreage: Earlham expects big bucks from land freed by deal

July 11, 2005

Like vultures circling a lone man in the desert, local developers and home builders are jockeying to swoop in and take 413 acres of prime Carmel land when owner Earlham College gives it up following its settlement with Conner Prairie. But Earlham, recognizing the prominence of the last large undeveloped tract in eastern Carmel, isn’t going gently. Interested parties-more than two dozen, at last count-will be required to undergo a formal proposal process before one can feast on the farmland….

Airport seeking more air cargo operations: Carriers that fly to Asia among hot prospects beyond FedEx at nation’s 7th-largest cargo airport

June 20, 2005

When all exports are considered, by air and sea, China is Indiana’s eighthlargest destination, growing 25 percent last year to $294.4 million, according to the Center for International Business Education and Research at Indiana University. Air cargo to China is 10 times greater than a decade ago, Michael Ducker, an executive vice president of FedEx, said in a presentation about China. Airport officials won’t say whom they’ve courted in the cargo realm. “We’re casting a pretty broad net,” said BAA…

Rose-Hulman looks ahead: Search for new president could take a year

June 20, 2005

But trustees currently have a higher priority: Let the dust settle. “It’s only been a couple of days,” said Rose-Hulman Chairman Robert Bright. “Nothing’s been established for sure yet.” It took the Terre Haute engineering school 10 months to find and narrow the field of 60 candidates that produced Midgley-nearly the length of his presidential stint. Most expect the search for his successor to last at least as long. In the meantime, Rose-Hulman has a more pressing task. It must…

Shrinkage a growing problem: Manufacturers seek ways to stem product losses

June 13, 2005

The U.S. manufacturing industry has begun rebounding from its economic swoon, but some industry experts think more manufacturers must become more efficient and eliminate waste if they are to compete in the current global climate. While the Manufacturers Alliance, an Arlington, Va.-based business and public policy research group, projected manufacturing growth of 3.4 percent this year and 3 percent in 2006, big challenges remain. One growing problem is the so-called shrinkage factor, defined in manufacturing as the percentage by which…

BEHIND THE NEWS: Duke at a crossroads after impressive run

June 13, 2005

Duke Realty Corp. has quietly made bundles for investors the past five years. But you wouldn’t know it from the tone of recent analyst reports on the Indianapolis-based company, one of the nation’s largest industrial and office developers. “We [compare] Duke’s investment case to that of a large ship, since we believe that it would take the company time to gradually turn its performance around on a course to improved results,” wrote Prudential Equity Group’s James Sullivan. “There is virtually…

Y&L shoots for Lands’ End: Underdog Young & Laramore fights national advertising behemoths for $10 million account

June 13, 2005

The seemingly undersized, undermatched independent advertising agency Young & Laramore has found itself in the national spotlight competing for a multimillion-dollar account with some of the industry’s largest national players. The Indianapolis-based firm best known for its award-winning ad campaigns for Steak n Shake, Goodwill Industries and most recently Stanley Steemer, is one of four finalists vying for the lucrative Lands’ End broadcast creative contract. Young & Laramore’s competitors for the Lands’ End account are Omnicom Group’s BBDO and Downtown…

TAKING A GAMBLE: Charity poker fund-raisers risk running afoul of the law

June 13, 2005

When it comes to charity poker in Indiana, players and organizers alike need to know more than when to hold ’em and when to fold ’em. They also need to know whether they’re walking-or running-away from a legal game. Poker’s growing popularity has given rise to a veritable jackpot for aficionados nationwide. In Indiana, where wagering is only allowed at state-sanctioned riverboat casinos, many of those who want more than a home game are finding action at tournaments that benefit…

Dads let these moms soar: Some couples find it makes more sense for the father to be in the stay-at-home parent role

June 13, 2005

Sometimes they do it for economic reasons. Or perhaps they don’t want their children to be raised by baby sitters. Whatever the case, some couples find it makes more sense for the dad to be a stay-at-home parent. And sometimes-as with the couples in this story-that decision has helped enable the moms’ careers to soar. Debra Minott, director of the Indiana Personnel Department, was working for Eli Lilly and Co. in San Diego when she had her second child in…

Heirs spar for exec’s riches: Grandson of Lilly officer who died in ’77 fights widow’s trust

June 6, 2005

Robert E. Koffenberger joined Eli Lilly and Co. as a salesman in 1939. By the time he retired in 1974, he was one of the company’s highest-level executives, a member of the board of directors-and an immensely wealthy man. Now, 28 years after the Indianapolis executive’s death, a fight over that fortune has split his grandchildren. One of the eight has launched a court fight here charging that his brother and sister-in-law took advantage of the cloudy mind of Koffenberger’s…

VOICES FROM THE INDUSTRY: What you can do if you’re concerned about your pension

May 30, 2005

Will your company’s traditional pension plan be there when you retire, and what can you do now to prepare for the possibility that it might not be there? The last few years have seen the implosion of several major corporate pension plans, particularly in the airline and steel industries. Hundreds of other companies have reported to the federal government that if their pension plan ended today, they wouldn’t have enough money to pay their future obligations. But there are steps…

Reebok takes heat over flap about apparel: Suit and tie excluded from NFL clothing contract

May 30, 2005

When new San Francisco 49ers coach Mike Nolan was told he couldn’t wear a suit and tie on the sidelines because of apparel manufacturer Reebok’s contract with the National Football League, some said Tom Landry and George Halas rolled over in their graves. To be sure, the late NFL coaches known for their suits and ties wouldn’t appreciate the mandate from Reebok, which manufactures much of its licensed goods on Indianapolis’ east side and has suffered a public relations black…

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Articles

VOICES FROM THE INDUSTRY: Proper stormwater management saves money in long run Property owners should consider alternative methods for site development

Adidas’ Reebok purchase gives it extra muscle in China:

Stoeppelwerth & Associates: ‘Staking’ their claim on growth Local engineering firm finds abundant opportunities

Solheim fills LPGA marketing cup: Sold-out international event at Crooked Stick set to be anchor of new advertising campaign

Accounting employees in demand: Sarbanes-Oxley requirements spark hiring surge of experienced accountants, creating openings at smaller firms

Ex-IPL officer fights utility: Claims wrongful termination, financial trickery

EYE ON THE PIE: Brothers set example for today’s execs

AAR lands another maintenance customer at base: Work for ATA Airlines raises questions about future of carrier’s own maintenance hangar as fleet shrinks

Researchers seek fuel-cell answers: Universities, companies see long-term potential in alternative power device

Builders pine for acreage: Earlham expects big bucks from land freed by deal

Airport seeking more air cargo operations: Carriers that fly to Asia among hot prospects beyond FedEx at nation’s 7th-largest cargo airport

Rose-Hulman looks ahead: Search for new president could take a year

Shrinkage a growing problem: Manufacturers seek ways to stem product losses

BEHIND THE NEWS: Duke at a crossroads after impressive run

Y&L shoots for Lands’ End: Underdog Young & Laramore fights national advertising behemoths for $10 million account

TAKING A GAMBLE: Charity poker fund-raisers risk running afoul of the law

Dads let these moms soar: Some couples find it makes more sense for the father to be in the stay-at-home parent role

Heirs spar for exec’s riches: Grandson of Lilly officer who died in ’77 fights widow’s trust

VOICES FROM THE INDUSTRY: What you can do if you’re concerned about your pension

Reebok takes heat over flap about apparel: Suit and tie excluded from NFL clothing contract