Indianapolis-based electronics and appliances retailer HHGregg Inc. said today it plans to appoint a new CEO in August. It also said its current CFO is stepping down. The company’s current president, Dennis L. May, will take over for Jerry W. Throgmartin, a 33-year veteran of the chain who has served as CEO since 2003. Throgmartin […]
Steak n Shake Co. CEO Peter M. Dunn analyzed and measured just about everything at the restaurant chain, from drive-through
times to employee turnover. All that research and testing was welcome when the company was thriving a few years ago. But the
lack of evidence that all the analysis was paying off eroded Wall Street’s confidence in Dunn.
Almost five years ago, the Sarbanes-Oxley Act, or SOX, was passed in haste, largely in response to the large-scale securities frauds and market dislocations surrounding Worldcom, Enron and other large accounting scandals involving public firms. It imposed new federalized standards for internal controls, corporate governance, accounting independence and review, whistle-blowing and legal review. It represented the most important change to the federal securities laws since the passage of the Securities Act of 1933 and the Securities and Exchange Act of…
In this era of hyper-scrutiny of corporate ethics, even messy personal lives can fell the career of a “well-loved and well-respected”
executive. Such appears to be the case with David C. Colby, whom WellPoint Inc. forced to resign as its vice chairman and
chief financial officer on May 30 for violating the company’s code of conduct in a “non-business” way.
Ice Miller is a legal powerhouse and lands plum assignments all the time. So few were surprised when Emmis Communications Corp. last month hired the firm to lead its legal assault on industry heavyweight CBS Radio. But Walter Berger-the man at the center of the legal tangle-sure was. Berger had been Emmis’ chief financial officer before he took the same post a year ago at New York-based CBS Radio. The departure rankled Emmis, and over the summer it sued CBS,…
When Rod Webb moved to the United States from Mexico in 1982, his plan was to make a career as a salesman for an Indianapolis industrial chain manufacturer. But a short stint volunteering for a group that aided migrant workers planted another seed that’s now bearing fruit. After eight years running a temporary employment firm that specializes in offering Hispanic employees alternatives to field work, Webb is embarking on an ambitious plan to transform a dilapidated east-side warehouse complex into…
SMALL BUSINESS PROFILE MILESTONE ADVISORS CFOs for hire: Company fills financial gaps Consultants provide expertise small businesses may be lacking Tom Gabbert and Glenn Dunlap started Milestone Advisors three years ago with a couple dozen clients already in tow, parlaying their previous experience and contacts into a new venture. They’ve been using it to help other businesses shore up their financial foundations ever since. Milestone Advisors provides financial management, strategic planning and related services to small to medium-size businesses with…
When Emmis Communications Corp. Chief Financial Officer Walter Berger bolted in January for the same post at CBS Radio in New York, the Indianapolis company said little publicly. But it’s now apparent Emmis officials were more than a little peeved. In recent weeks, they’ve filed an arbitration case against Berger in hopes of recouping some of his compensation, and they’ve sued CBS alleging tortuous interference with his contract. “I think this case is very clear-cut,” said David Barrett, vice president…
Standard Life Insurance Company of Indiana has much to celebrate as it passes the one-year anniversary of its sale to Capital Assurance Corp. Profitability, a rating upgrade and product launches all are among the positives the company can tout since it gained new life and left behind old owner Standard Management Corp. last June. Standard Life notched a $15.8 million profit last year, due mostly to a gain from the sale of its life insurance business. Subtract that, though, and…
Derica Rice started figuring out his future the day he glanced in his mother’s refrigerator and actually paid attention to the insulin vials stored there. Eli Lilly and Co.’s new chief financial officer recalled being home at the end of a summer. He was fresh off an internship with another company and was in casual job talks with Lilly representatives. He had seen the clear vials his mother, Inez-a Type II diabetic-stored in her fridge, but he never read the…
Subodh Karnik slowly backed up to his chair at ATA Airlines Inc. and slumped into it. His 46-year-old back was killing him. One of his elementary-age sons back home in Atlanta used him like a trampoline over the weekend. The injury got worse when Karnick ran through the airport, like O.J. Simpson in an old Hertz commercial, to catch a flight back to Indianapolis. “I was born a masochist,” said Karnik, a 6-foot-4-inch native of Mumbai, India, who sports a…
Indiana’s decades-long effort to protect shrinking school corporations from drastic cutbacks may well backfire on the very districts that most depend on it-including Indianapolis Public Schools. Critics say the promise of more money regardless of enrollment has allowed some school systems to bloat their budgets, and now state legislators are poised to let the air out. School funding already represents more than one-third of Indiana’s $24 billion, twoyear budget, and lawmakers want to rein in expenses and eliminate a projected…
Michael VanDeventer and Ted Roark of Roark Custom Golf Works talked with IBJ about the company’s foray into golf clubs and what it means to lead a family business into the 21st century.
Former insurance executive, business investor and philanthropist Rollin “Rollie” Dick died Jan. 3 at age 94.
Jordan Chirico is facing both criminal charges and civil litigation over his alleged connections to what authorities describe as a $200-million-plus Ponzi scheme.
My favorite parts of the CEO of the Year and C-Suite Awards event were conversations that Nate, Managing Editor Samm Quinn and I had with the CEO of the Year winners.
I hope we can all agree on one important point: “Die Hard” is a Christmas movie.
The rise of artificial intelligence is not only affecting how people work—it’s also shaping the job market itself, especially for graduates in search of their first professional jobs.
More than 80% of small businesses in the United States operate without employees, and many entrepreneurs thrive by staying solo. For others, it’s not a sustainable path. But deciding when and how to grow the team can be challenging.
James Rodenbush’s complaint says he was fired after refusing to “censor the students’ work.” But an IU official wrote that the school has “never attempted to censor editorial content, period.”
