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By George: Speedway owner gains clout in Formula One negotiations

July 4, 2005

There may be a silver lining to the cloud that descended over Indianapolis Motor Speedway at last month’s U.S. Grand Prix: President Tony George has emerged unscathed from a public relations standpoint and has never had more control over the Formula One race his track hosts. Michelin, the French tire maker for the 14 cars that withdrew from the race because of tire-safety concerns, has offered to refund fans’ ticket costs. That’s a $10 million to $12 million expense the…

SPORTS: Keep F1 and its cash coming back to Speedway

June 27, 2005

I enjoy auto racing but must admit Formula One is not my cup of motor oil. On assignment for the local daily, I was at the initial U.S. Grand Prix at the Indianapolis Motor Speedway, wrote a less-than-positive column about it, and haven’t been back since. I liked the technology and the spectacle of the passionate, flag-waving fans, but everything else I viewed with disdain. Particularly distasteful was/is the smugness that permeates the F1 atmosphere. It emanates from the series’…

‘Clean’ manufacturing center seeking cash to survive: General Assembly kills funding for Purdue program

June 27, 2005

The center created by the Legislature to help manufacturers use environmentally friendly materials and production methods is scrambling for cash to keep stamping out solutions. The Indiana Clean Manufacturing Technology & Safe Materials Institute lost its $475,000 annual state subsidy-a little over half its income-amid budget cutting in the last session of the General Assembly. Industry and environmental groups are lamenting the potential scale-back or even closure of the institute if new funding isn’t found by August. “We certainly feel…

Cab drivers drive down complaints: Service may have improved after city toughened rules

June 27, 2005

But much of the evidence is anecdotal, as city officials said they do not have complete complaint records for the periods just before and after the City-County Council imposed tougher regulations in 2002. One key problem addressed by those reforms seems to have diminished-drivers taking passengers to the wrong address. The city received only two such complaints in the last 1-1/2 years, according to records kept by the City Controller’s Office. That had been a commonly reported problem in the…

Light dims for U.S. Grand Prix:

June 27, 2005

What started out as a technical problem for one tire company here at the Formula One U.S. Grand Prix blew up into a catastrophic F1 public relations pandemic that could very well kill the U.S. event. Fans immediately wanted to know if they were going to get their money back, not whether F1 was coming back. It is every businessman’s nightmare to have so many things go wrong in public all at once, and it will be interesting-maybe even instructive-to…

Global mission: destroy, conquer: New law good news for shredding firm

June 20, 2005

Indianapolis-based Global Shred Inc. plans to use a new federal rule that forces companies to destroy more documents as a springboard to expand into other states. The document-destruction provision of The Fair and Accurate Credit Transaction Act of 2003 went into effect June 1, requiring all businesses to shred, burn or pulverize credit and consumer reports. While many mom-and-pop shredding shops in the highly fragmented industry look to fortify their local position, Global Shred founder and owner David Kantor thinks…

EYE ON THE PIE: Our state has twisted priorities

June 20, 2005

No recent column has aroused so much outrage as my remarks concerning our state government’s investment in tourism. I argued that it was a waste of money and that, if such expenditures are to be made, they should come from the private sector exclusively, not from tax dollars. Kaboom! An entire industry wants to educate me, if they cannot eradicate me. At the same time, a worthy landmark is about to disappear. The Randolph County Courthouse, in Winchester, is scheduled…

Watchdogs wishing for tough IURC: Consumer, biz groups hope Daniels picks commissioner who’ll say ‘no’ to utilities

June 20, 2005

Industrial and consumer interests say Gov. Mitch Daniels needs to fill a pending vacancy at the Indiana Utility Regulatory Commission with a regulator “able to say no” to utility companies. The IURC has too often allowed utilities to pass on increased costs for fuel or purchased power, for example, through so-called tracking mechanisms rather than through traditional rate cases that take into consideration offsetting reductions in other costs, they complain. “It’s important to be able to say no to the…

BEHIND THE NEWS: Frick, master of megadeals, ready to dial back intensity

June 20, 2005

Attorney David Frick says Anthem Inc.’s $20.8 billion purchase of Well-Point Health Networks was the toughest deal he ever negotiated-and that’s saying something. This is the same guy who helped broker the 1983 deal selling the Indiana Pacers to Mel and Herb Simon, eliminating the risk the franchise would go elsewhere. The same guy who served as the city’s chief negotiator in the deal that brought the Baltimore Colts to Indianapolis in 1984. Anthem-WellPoint was even tougher, Frick says, in…

Med school takes hit: IU trims $5.2 million from budget, cuts 36 positions

June 20, 2005

The school tabled some construction plans and may have to curtail recruiting of “star” faculty in areas such as diabetes research, said Dr. Craig Brater, the school’s dean. On top of that, the school cut 36 positions and halted spending for several programs after it was hit by decreases in state funding and grants, and a rise in expenses. Brater said the medical school has been lucky “in large part” to receive the funding it needed over the years. He…

Franchise program gives veterans a break: Marine Reserve colonel taps VetFran initiative to open lighting business

June 20, 2005

After resorting to a home-equity loan to finance the roughly $100,000 he needed to open an Outdoor Lighting Perspectives franchise, Karl Lundberg still fell short of cash. But, fortunately for Lundberg, a colonel in the U.S. Marine Corps Reserve, the North Carolina-based company honors the Veterans Transition Franchise Initiative, known as VetFran. The program, reintroduced almost three years ago by the International Franchise Association and supported by the Office of Veterans Affairs, gives financial breaks to veterans wanting to purchase…

Phone-system expert answers entrepreneurial call: Via savvy marketing, she turned her knowledge of telecommunications into a thriving consulting business

June 13, 2005

When Barb Grothe said goodbye to her paycheck and job security 19 years ago, she was just a little scared and wondered, “Now what do I do?” She had office space for her new telecommunications consulting company, Telecom Resources, and 15 years of experience, but no clients. So she went about making herself known: she wrote articles for magazines, newspapers and journals (including IBJ) and scheduled speaking engagements. Almost each venture produced new clients, and Grothe was on her way….

NOTIONS: The Wiccans and the Speaker: Two cases, one topic

June 13, 2005

A few months ago, I had lunch with Fran Quigley, executive director of the Indiana Civil Liberties Union. We’d never met, but we’d exchanged emails about one another’s newspaper columns. As we ate, we did the getting-to-knowyou dance. We talked about our wives and kids, faith and friends, grief and recovery. After that, work wormed its way into the conversation. We talked about our mutual interest in writing, law, government, politics and our often-frustrating quests to save the planet from…

Departure could cost Standard millions: Former top executive seeks severance package worth about $3.8 mllion

June 13, 2005

Standard Management Corp. may have to add more than $10 million to the cost of completing its shift to health care services from financial services if a former top executive prevails with his severance claim. P.B. “Pete” Pheffer, the holding company’s former president and chief financial officer, became the latest top executive to leave Standard Management with a severance dispute when he resigned May 31. He claims his contract calls for a severance package worth roughly $3.8 million. On top…

Network Engineering Inc.: Computer firm remains flexible Owner says diversifying keeps company nimble

June 6, 2005

He started the original version of his business back in 1984, fresh out of college. One Internet, one dot-com boom, one Y2K and one dot-com crash later, he’s still in business. Spilker is president of Network Engineering Inc., which is essentially a spin-off of his original company, Information Engineering Inc. A lifelong Indianapolis resident, he graduated from Purdue University with a degree in computer technology. As soon as he graduated, he started Information Engineering because he wanted to run things…

Women’s group aims to pool philanthropic resources: High hopes for first year: two $125,000 grants to local charities

June 6, 2005

They want to make a difference-a significant, six-figure difference in a world where progress often comes $100 at a time. By this time next year, the dozen women at the core of a new philanthropic effort hope to have found 100 or more like-minded individuals willing to open their hearts and their checkbooks to help the central Indiana community. Modeled after similar initiatives in Cincinnati and Pensacola, Fla., the idea behind Impact 100 Greater Indianapolis is simple enough: get 100…

BULLS & BEARS: SEC task force looks into soft-dollar arrangements

June 6, 2005

Conflicts of interest in the securities business have probably existed ever since the first stocks were traded in 1792 under the buttonwood tree at the tip of Manhattan. With the formation of the Securities and Exchange Commission in 1934, regulators attempted to mitigate conflicts via securities laws and full disclosure requirements. An issue that is receiving attention these days from the SEC, one investors are probably not aware of, are the “soft-dollar” arrangements prevalent in the industry. In May 1975,…

Hospitals sue over Medicare: 27 Indiana providers team up to pursue $15M in payments

June 6, 2005

More than 20 Indiana hospitals have banded together to sue the U.S. Department of Health and Human Services over an estimated $15 million in Medicare payments they claim they should have received years ago. Clarian Health Partners, St. Francis Hospital & Health Centers and Wishard Health Services, among others, allege that the department and its secretary failed to make the proper percentage of “outlier” payments from 1991 to 1996. M e d i c a r e makes these additional…

New providers fill up the market for air-rescue services: Indiana sees growth spurt in helicopter transport firms

June 6, 2005

Medical helicopters are filling the skies over Indiana in an unprecedented growth spurt that has sparked a heated debate about overuse and quality of care. A market once dominated by not-forprofit Clarian Health Partners’ LifeLine program has seen three out-of-state companies plant seven new helicopter bases in central and southern Indiana over the past few years. PHI Air Medical Group Indiana, a subsidiary of Phoenix-based PHI Air Medical Services, opened bases in West Lafayette, Anderson and Columbus last year. They…

JOHN KETZENBERGER Commentary: Time is ripe to heal racing rift

June 6, 2005

Roger Penske strode alone through Gasoline Alley 90 minutes before this year’s Indy 500. With 13 wins at the Indianapolis Motor Speedway, The Captain certainly knows how to get his drivers around the famed Brickyard. In the next line of garages, a crowd of race fans and media gathered before doors numbered 12, 13, 14 and 15 where Rahal Letterman was encamped. Rookie phenom Danica Patrick arrived on a golf cart and disappeared quickly into the relative calm before the…

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People

David Bordenkecher

Articles

By George: Speedway owner gains clout in Formula One negotiations

SPORTS: Keep F1 and its cash coming back to Speedway

‘Clean’ manufacturing center seeking cash to survive: General Assembly kills funding for Purdue program

Cab drivers drive down complaints: Service may have improved after city toughened rules

Light dims for U.S. Grand Prix:

Global mission: destroy, conquer: New law good news for shredding firm

EYE ON THE PIE: Our state has twisted priorities

Watchdogs wishing for tough IURC: Consumer, biz groups hope Daniels picks commissioner who’ll say ‘no’ to utilities

BEHIND THE NEWS: Frick, master of megadeals, ready to dial back intensity

Med school takes hit: IU trims $5.2 million from budget, cuts 36 positions

Franchise program gives veterans a break: Marine Reserve colonel taps VetFran initiative to open lighting business

Phone-system expert answers entrepreneurial call: Via savvy marketing, she turned her knowledge of telecommunications into a thriving consulting business

NOTIONS: The Wiccans and the Speaker: Two cases, one topic

Departure could cost Standard millions: Former top executive seeks severance package worth about $3.8 mllion

Network Engineering Inc.: Computer firm remains flexible Owner says diversifying keeps company nimble

Women’s group aims to pool philanthropic resources: High hopes for first year: two $125,000 grants to local charities

BULLS & BEARS: SEC task force looks into soft-dollar arrangements

Hospitals sue over Medicare: 27 Indiana providers team up to pursue $15M in payments

New providers fill up the market for air-rescue services: Indiana sees growth spurt in helicopter transport firms

JOHN KETZENBERGER Commentary: Time is ripe to heal racing rift