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David Bordenkecher
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Study shows lack of women law partners: City firms rank below national average of 17 percent

February 7, 2005

Prominent local attorney Virginia Dill McCarty earned her law degree from Indiana University in 1950, the only woman to do so at the school that year. That trend certainly has changed since then, with far more women entering the bar. Still, the number of women at the highest levels of most law firms is far smaller than many expect it should be, according to a report from the National Association for Law Placement in Washington, D.C. In Indianapolis last year,…

Head of IT firm ensures company primed for growth: She started business to offer customized training but altered her strategy as circumstances changed Strategic decisions “She almost vibrates” Female support

February 14, 2005

Kathy Carrier’s dad was angry when she left a lucrative job at a Fortune 500 company to start her own firm. But four years later, when she won an Ernst & Young Entrepreneur of the Year Award, he told his daughter: “Clearly your vision for yourself was greater than the one I had for you.” In less than seven years, Carrier, 46, has built her Fort Wayne-based information technology writing and training firm, Briljent LLC, into a business with annual…

New-technology veterans take hands-on approach: West Lafayette’s IN-vivo Ventures aids startups

February 14, 2005

Spinning out university research to form new companies is a tricky proposition. But the partners who formed West Lafayette-based IN-vivo Ventures believe they can show would-be academic entrepreneurs what’s behind the curtain. “If an entrepreneur is looking for funding, that’s not what IN-vivo’s about,” said co-founder Chad Barden. “What we are about is identifying good, strong commercial opportunities that lack a business focus, and inventors who lack the business expertise to take it to market.” Every day, scientists and engineers…

BEHIND THE NEWS: Setbacks smudge image of Obsidian CEO Durham Stock is down Snapping up firms

February 21, 2005

Tim Durham tells reporters he wants to be the richest man alive. His office sits atop the Bank One Tower, the state’s tallest building. For fun, he adds to his collection of four dozen collector cars. But behind the glitz, Durham is trying to untangle what’s become a real mess at Obsidian Enterprises Inc., the publicly traded manufacturing and transportation firm he controls and leads. In a regulatory filing last week, Obsidian’s independent accounting firm, Minnesota-based McGladrey & Pullen, expressed…

Art screens proliferating: Simon’s Landmark multiplex to threaten tiny Key Cinemas

February 21, 2005

When Simon Property Group Inc. and Landmark Theatres open their art multiplex in December, it’ll boast seven movie screens, stadium seating and a full bar, all under the Fashion Mall’s roof. The local art film crowd is palpably excited that the edgy indies, daring documentaries and foreign films usually found in New York or Los Angeles will be just a stone’s throw from their favorite stores and restaurants. Those films already are shown at Key Cinemas on the south side….

George’s role as team owner draws criticism: Some say purchase is conflict of interest

February 21, 2005

Nine years of hunting for sponsors, recruiting and trying to retain drivers, and managing costs that had nearly doubled in recent years had taken its toll. The founder of locally based Kelley Racing shuttered his Indy Racing League team at the close of last season. And with the close of Kelley Racing, a new era for the Indy Racing League opened. Founded in 1996 as an alternative to CART, the open-wheel racing series stepped into what IRL founder Tony George…

Alliance seeks to grow survey: Employers coalition wants companies to get more information about insurers

February 28, 2005

An employer’s coalition has launched a plan to expand what Indiana companies know about the health care insurance they buy for their workers. Earlier this month, the Indiana Employers Quality Health Alliance mailed invitations to several insurers asking them to participate in their 2005 eValue8 performance assessment. The concept is nothing new. However, this year, alliance President Dr. Ned Lamkin hopes more insurers respond and their ensuing report reaches a wider audience of employers, right before they choose their health…

INVESTING: Big investors make Time Warner, Comcast look good

February 28, 2005

Two weeks ago, I was talking to one of my analysts and he brought up a couple of stocks he thought could be really interesting over the next 12 months. Remember, I am a technician and not a fundamental analyst, and the analysts I trust are all technical guys. He said these two stocks showed solid bottoming formations on their charts in the fall, which could lead to solid gains in the next year. When he mentioned the names, I…

EYE ON THE PIE: Cities and counties need autonomy

February 28, 2005

A recent week took me to Anderson, Columbus, Sullivan, Terre Haute, Crawfordsville and Merrillville. Here are a few observations: Terre Haute’s Chamber of Commerce proudly proclaims that Vigo County is collecting income taxes from Sullivan County residents who work in Vigo County. At the same time, the Sullivan County Council cannot decide if it wants to collect those taxes for itself. The Chamber rightly declares that such funds are helping Vigo County’s economic development. The Sullivan County Council doesn’t seem…

Mortgage industry waking up to fraud: Collaboration increasing to combat illegal schemes Flipped out

February 28, 2005

When the U.S. Attorney’s Office in late January announced a 101-count indictment in a mortgage fraud scheme, it closed a year-long investigation into a ring that involved 10 people and 43 houses in Indianapolis, Marion and Fairmount. For the individuals involved, the indictments could bring prison time and hefty fines. But for the bank that loaned money on the houses, the scheme signaled the end of the road. The lender, Louisville-based First Bank Inc., struggled during 2003 and 2004 to…

VIEWPOINT: Get ready for big-time public art

February 28, 2005

As president of Central Indiana Community Foundation, I get challenged by a lot of people who have a lot of questions. “Why can’t we have some of the cool stuff other cities have, like major public art?” a CEO of a public company asked me the other day. This time I was pleased to be able to answer not only that we can, but that we will. The Indianapolis Cultural Development Commission, with generous support from the Deborah Joy Simon…

Bill keeps mandate debate swirling: Biz community favors stripped-down option

February 28, 2005

Small-business owner Gail Piltz, who is paying 31 percent more this year than he did a year ago to insure himself and his four employees, has a somewhat radical philosophy regarding health care insurance. His suggestion: Everyone should be responsible for his or her own health care plan, just like they are with their automobile and homeowner’s insurance. That way, he said, people might abuse the system less and make coverage more affordable. Piltz’s proposition has failed to gain traction…

ECONOMIC ANALYSIS: Michigan’s job pain is felt throughout the Midwest

February 28, 2005

At the end of last year, the unemployment rate in Michigan was 7.3 percent. That was more than 2 percentage points higher than Indiana’s. No state in the country had a higher jobless rate. That’s not a big story in the Hoosier State. We have our own economic challenges, after all. But perhaps we should be paying a bit more attention. We’re not exactly immune to the forces that are dealing such harsh blows to the Michigan economy right now….

ATA chief joins list of creditors: Mikelsons’ Betaco files claim for charter helicopter lease

March 7, 2005

In what burned creditors of ATA Holdings Corp. might savor as a sky-high irony, the chairman of the bankrupt airline himself is holding out his creditors’ cup. George Mikelsons says the parent of ATA Airlines Inc. owes him $179,064 for a helicopter he leased the carrier through his Betaco Inc. firm. His claim was filed Feb. 11 in ATA’s bankruptcy reorganization in U.S. District Bankruptcy Court for the Southern District of Indiana. It’s one of many unusual claims that have…

Auction company packing up Winona: Closed hospital has potential buyer, attorney tells court Getting organized

March 7, 2005

“That’s to keep the spirits away, make ’em happy,” Brian Hayes explained as he turned past the blaring radio. Auctioneers and the occasional unexplained phenomenon have taken over Winona, as the closed hospital nears an April auction date for its remaining equipment. Hayes, of San Francisco-based Rabin Worldwide Inc., has piled up seven-day workweeks since early February cataloging and organizing the defunct hospital’s assets. All that work may go for naught, however, if the auction proposal dies in bankruptcy court…

Indiana Restoration Services Inc.: Disasters send firm into action Restoration helps get homes, businesses back to normal Disasters-natural and otherwise-can strike at any moment. Floods, fires, tornadoes, even backed-up sewers and broken water pipes can

March 7, 2005

Disasters-natural and otherwise-can strike at any moment. Floods, fires, tornadoes, even backed-up sewers and broken water pipes can wreak havoc on homes and businesses. Dealing with the aftermath-waterlogged furnishings, mold, structural damage and other devastation-is what Indiana Restoration Services does 24 hours a day, seven days a week. Co-owners Dan Hanlin and Darren Peck didn’t start out with a detailed business plan to run a disaster-recovery business with $3 million plus in annual revenue. “We got into the business by…

STATEHOUSE DISPATCH: At half-time in the Statehouse, it’s politics 1, people 0

March 7, 2005

This column is typically devoted to the intersection of politics, government and business (with an occasional tortured sports analogy tossed in). We don’t usually address the higher order of the universe, but after last week, we find that we must delve into the field of metaphysics to provide you with some perspective on legislative events. March 1 marked the halfway point in the 2005 session of the Indiana General Assembly. But with more than 130 bills dying for lack of…

NOTIONS Learning to lead by walking away from the game: Bruce Hetrick

March 7, 2005

There’s supposed to be an 800-word column in this space. We face important issues, after all, and you look to the author to help mold your opinion, move you to tears or, more likely, make you mad as hell. (Besides, you paid good money for this newspaper and you’re entitled to some valuable fodder for your next water cooler conversation or, at minimum, your recycling bin.) But your favorite columnist, whose job is to make connections between seemingly disparate notions,…

As leaders argue, local crime rises: Inner-city residents fear police consolidation, but city says it can’t afford current structure

March 7, 2005

Despite Mayor Bart Peterson’s addition of 200 cops in 2000-which gave IPD the strength to try community, or preventive, policing-crime jumped 11 percent over the last two years. Between them, the Indianapolis Police Department and the Marion County Sheriff’s Department responded to 5,487 more offenses last year than in 2002. Unless new money is found, Peterson has repeatedly warned, the cash-strapped city soon will be forced to fire IPD officers. Marion County Sheriff Frank Anderson already struggles to fight suburban…

Smoke carries economic toll: Ban backers cite health, productivity costs

March 14, 2005

The annual cost of treating the secondhand-smoke-related illnesses of Marion County residents likely exceeds $16 million, a cost borne partly by businesses that provide their employees health insurance. Businesses also shoulder harder-to-calculate costs in the form of lost productivity and absenteeism, according to a 2002 study for the Marion County Health Department believed to be the best estimate yet of the local impact of cigarettes. But backers of the proposed City-County Council ordinance that would ban smoking in Indianapolis’ bars…

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People

David Bordenkecher

Articles

Study shows lack of women law partners: City firms rank below national average of 17 percent

Head of IT firm ensures company primed for growth: She started business to offer customized training but altered her strategy as circumstances changed Strategic decisions “She almost vibrates” Female support

New-technology veterans take hands-on approach: West Lafayette’s IN-vivo Ventures aids startups

BEHIND THE NEWS: Setbacks smudge image of Obsidian CEO Durham Stock is down Snapping up firms

Art screens proliferating: Simon’s Landmark multiplex to threaten tiny Key Cinemas

George’s role as team owner draws criticism: Some say purchase is conflict of interest

Alliance seeks to grow survey: Employers coalition wants companies to get more information about insurers

INVESTING: Big investors make Time Warner, Comcast look good

EYE ON THE PIE: Cities and counties need autonomy

Mortgage industry waking up to fraud: Collaboration increasing to combat illegal schemes Flipped out

VIEWPOINT: Get ready for big-time public art

Bill keeps mandate debate swirling: Biz community favors stripped-down option

ECONOMIC ANALYSIS: Michigan’s job pain is felt throughout the Midwest

ATA chief joins list of creditors: Mikelsons’ Betaco files claim for charter helicopter lease

Auction company packing up Winona: Closed hospital has potential buyer, attorney tells court Getting organized

Indiana Restoration Services Inc.: Disasters send firm into action Restoration helps get homes, businesses back to normal Disasters-natural and otherwise-can strike at any moment. Floods, fires, tornadoes, even backed-up sewers and broken water pipes can

STATEHOUSE DISPATCH: At half-time in the Statehouse, it’s politics 1, people 0

NOTIONS Learning to lead by walking away from the game: Bruce Hetrick

As leaders argue, local crime rises: Inner-city residents fear police consolidation, but city says it can’t afford current structure

Smoke carries economic toll: Ban backers cite health, productivity costs