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For Cornelius ’06 was full of challenges:

January 1, 2007

Long-time Indianapolis business leader Jim Cornelius jumped from one daunting challenge to another in 2006. He started the year as chairman and CEO of Guidant Corp., as it weighed a possible sale to either New Jer sey-based Johnson & Johnson or Massachusetts-based Boston Scientific Corp. After Boston Scientific won, Cornelius became acting CEO of New York-based Bristol-Myers Squibb Co. in September. Cornelius stayed with Guidant from start to finish. He left his position as chief financial officer at Eli Lilly…

TOM HARTON Commentary: Tying up some local loose ends

January 1, 2007

Maybe you’ve already heard. Mickey Maurer’s column will return to this space in a few weeks. After two years serving as Gov. Mitch Daniels’ go-to economic development guy, Mickey should have plenty of stories to tell. And Associate Editor Tawn Parent and I, as his trusty substitute columnists, should have a bit more time to devote to our behind-the-scenes work at IBJ. I’m closing out my brief columnwriting career by addressing a handful of topics-some of them new, some of…

Payne blazed Cultural Trail:

January 1, 2007

Inspiration struck Brian Payne in 2001 while he was walking the Monon Trail. He remembered a conversation in which city officials lamented that downtown streets were too wide and cars moved too fast to allow much of a pedestrian connection town’s top attractions. between down- His brainstorm: Eliminate lanes of traffic and build a path-creating an amenity that could become a destination in itself. Payne, president of the Central Indiana Community Foundation, began telling everyone he knew about the idea….

EYE ON THE PIE: It is time to accept I-69 and move on

December 25, 2006

I don’t want to write this column; you don’t want to read it. Yet, I must respond to the diehards who insist that building Interstate 69 (and almost any other road) will be detrimental to our state. Several economic and environmental studies support the Bloomington-Crane-Washington-Petersburg route to Evansville. Yet, time after time, supporters of the Terre Haute-Sullivan-Vincennes-Princeton route rise up and demand a reconsideration of the path. The Terre Haute crowd is afraid it will lose something if the Bloomington…

BULLS & BEARS: This year has been good, but 2007 might be better

December 25, 2006

If you are reading this before Christmas Day, you most likely have only about 24 hours of shopping time left to find that last stocking stuffer. What are you doing reading this now? Get out there and finish shopping! Or, if you are reading this after Christmas Day, I hope Santa was good to you. Unless something dramatic happens to the stock market in the last two weeks of the year, your portfolio should be shouting “hoho-ho” with gains for…

Verizon amphitheater might be redeveloped

December 25, 2006

The potential redevelopment of Verizon Wireless Music Center in Noblesville could open the door for a new concert venue in
Indianapolis, but industry veterans don’t expect it would look anything like the popular Hamilton County amphitheater.

Star diffuses flap with news union

December 25, 2006

The Indianapolis Star has averted, for now, a labor dispute over management’s request that unionized news employees write
advertising copy–a practice considered taboo in the newspaper industry.

BEHIND THE NEWS: Founders’ voting clout riles Finish Line investor

December 25, 2006

You can understand the thinking. An entrepreneur takes his company public, gaining access to the capital markets. But he wants to keep control of the business. So he gives his own shares greater voting power. In short, he has the best of both worlds. That’s all great-except, critics say, it’s just not fair. Earlier this year, professional investors assailed Emmis Communications Corp. CEO Jeff Smulyan for his turbocharged shares. Those shares give him the clout to swat down any takeover…

Stadium walkway carries $10M tab

December 18, 2006

An enclosed connector is set to be built, partly underground, that will link Lucas Oil Stadium to the soon-to-be expanded
Indiana Convention Center. It will span about a quarter of a mile and cost more than $10 million.

SPORTS: Even a Knight detractor can find reasons to miss him

December 18, 2006

I have a close friend with whom I can discuss amicably any subject under the sun. Except one: Bob Knight. My pal considers the hiring of Knight one of the greatest deeds in the history of Indiana University, and the firing of Knight one of its worst. He believes former IU President Myles Brand is the devil and former Athletic Director Clarence Doninger was an incompetent boob. My friend traces virtually all of IU’s athletic and academic shortcomings to that…

‘Old fashioned’ values manufacture Motionwear’s growth: Acquisition should fuel leotard-maker’s expansion

December 18, 2006

It might seem as though the low cost of labor overseas has shifted the entire U.S. textile industry to Asia, never to return. Indianapolis-based leotard-maker Motionwear Inc. proves otherwise. The 120-employee company was acquired this month by the Italian sportswear firm FILA for an undisclosed sum and, as a result, it’s poised to expand locally. Tom Wilson started the company in his attic in 1988 because his daughter Erin, an aspiring dancer, couldn’t find performance apparel she liked in retail…

Luxury Conrad hotel off to bumpy start

December 18, 2006

For its first nine months, occupancy at the Conrad Indianapolis has lagged the downtown average. Rates have fallen as the
hotel tries to fill more rooms. Employees have worked behind the scenes to fix kinks.

Courting continues between Clarian, Morgan: Both sides look to build on months-old agreement

December 18, 2006

A working relationship Clarian Health Partners started in March with Morgan Hospital & Medical Center might evolve into something much bigger in the new year. Representatives of both systems say they want to strengthen their regional development agreement, and they count an acquisition of the county-owned hospital by Clarian-the largest hospital system in the state-as one of many possibilities they might examine. “I think both sides have considered a number of options from clinical affiliations to consolidation,” Clarian spokesman Jon…

Cities losing cable power

December 18, 2006

In the last several weeks, cable TV operator Comcast has sent out 26 “Dear John” letters to Indianapolis and other metro-area
cities, informing them it has dumped its local cable franchise agreements and gotten hitched to a single, statewide video
franchise.

More givers asking not-for-profits to meet goals before getting donations

December 18, 2006

Restricted gifts have long been common among foundations and corporate funders, but now individuals are getting into the act,
too. Experts say more donors are attaching conditions to their contributions to encourage the recipient to push itself to
achieve.

Analysis shows little savings in biz-group consolidation

December 18, 2006

The merger of four of central Indiana’s biggest business development organizations might achieve only modest cost savings,
or even be more expensive than the status quo, a confidential financial analysis obtained by IBJ shows.

Standard Management continues perilous skid: Company reports more losses; stock value sinks

December 11, 2006

Standard Management Corp. stock peaked five days into 2006 at $1.55. It’s spent the rest of the year in a free fall that observers believe will culminate with the company’s filing for bankruptcy. The Carmel-based pharmaceuticals distributor reported a $10 million loss in the third quarter, bringing losses for the first nine months of 2006 to $14 million. The red ink, along with executive turnover and a string of failed acquisitions, has sapped investor confidence. The company’s shares, which traded…

Residents say safety is a growing concern: Survey: Fewer feel comfortable downtown after dark

December 11, 2006

Most central Indiana residents feel safe in downtown Indianapolis when the sun is out, but remain leery of the city at night, according to a study by the IUPUI Department of Tourism, Conventions and Event Management. The annual study, which is designed to gauge the impact of cultural tourism on quality of life, gives the city high marks overall in areas ranging from cultural attractions to cleanliness, public transportation to parking. But it also shows the city has more work…

Pacers seek bigger share of NBA revenue

December 4, 2006

Indiana Pacers co-owner Herb Simon has thrown his support behind an effort to pressure National Basketball Association Commissioner
David Stern to implement more aggressive revenue sharing among NBA franchises.

ECONOMIC ANALYSIS: Legislative process has its own language

December 4, 2006

It’s probably not wise to admit this in a family-friendly publication, but one of my favorite comedians always has been George Carlin. The man has a genius for zooming in on the language we hear and use every day and finding nuances and symbolism that we never knew was there. Every time I land in an airplane, I have to laugh, because George Carlin reminded us how crazy it is for the pilot who landed at the same time we…

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Articles

For Cornelius ’06 was full of challenges:

TOM HARTON Commentary: Tying up some local loose ends

Payne blazed Cultural Trail:

EYE ON THE PIE: It is time to accept I-69 and move on

BULLS & BEARS: This year has been good, but 2007 might be better

Verizon amphitheater might be redeveloped

Star diffuses flap with news union

BEHIND THE NEWS: Founders’ voting clout riles Finish Line investor

Stadium walkway carries $10M tab

SPORTS: Even a Knight detractor can find reasons to miss him

‘Old fashioned’ values manufacture Motionwear’s growth: Acquisition should fuel leotard-maker’s expansion

Luxury Conrad hotel off to bumpy start

Courting continues between Clarian, Morgan: Both sides look to build on months-old agreement

Cities losing cable power

More givers asking not-for-profits to meet goals before getting donations

Analysis shows little savings in biz-group consolidation

Standard Management continues perilous skid: Company reports more losses; stock value sinks

Residents say safety is a growing concern: Survey: Fewer feel comfortable downtown after dark

ECONOMIC ANALYSIS: Legislative process has its own language