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G. Bohley III
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BEHIND THE NEWS: Settlements bring anticlimactic close to SEC fraud case

August 22, 2005

When the Securities and Exchange Commission in 2003 announced fraud charges against three former executives of once-high-flying Analytical Surveys Inc., it filed court papers laced with explosive allegations. Anyone who read the 18-page civil lawsuit filed in federal court in Indianapolis might have figured a trial drenched with drama was in the offing. So much for the climax. Newly filed court papers show the SEC has quietly reached a $260,000 settlement with Sidney Corder, who was CEO of the computerized-map…

BEHIND THE NEWS: Obstacles facing Marsh cast questions over Atlas project

August 15, 2005

Marsh Supermarkets Inc. ended rampant speculation when it announced last September that it was buying the former Atlas grocery site at 54th Street and College Avenue and would build an Arthur’s Fresh Market there. Or did it? Nearly a year after Marsh officials unveiled their plans, the former Atlas building slated for demolition remains standing, surrounded by a chain-link security fence. “We were pretty sure construction would have started by now,” said James Garrettson, president of the Meridian Kessler Neighborhood…

Elite execs raking it in: As pay swells, critics urge restraint

May 9, 2005

Special Report: Elite execs raking it in As pay swells, critics urge restraint Highest-paid Indiana public company executives in fiscal ’04. Includes salary, bonus and other annual compensation, as well as long-term pay and stock option grants. 1) includes $1.7 million signing bonus received upon becoming CEO and president in August 2004 Turns out life’s certainties stretch way beyond the clichÃ© about death and taxes, especially in corporate Indiana. If you’re a top executive at one of Indiana’s biggest public…

Special Report: Flawed funding: Years of guaranteed increases set stage for school crisis

April 18, 2005

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…

Departure of ATA exec still cloudy: Chief financial officer alleged termination was retaliation

April 18, 2005

When ATA Holdings Corp.’s chief financial officer “left the company” last June, as management ambiguously put it, many suspected the insider saw bankruptcy looming and wanted to bail out before the crash. David M. Wing, 53, may have seen something else that troubled him, suggests ATA’s most recent financial report filed with the Securities and Exchange Commission. “Wing contends that he was terminated in retaliation for exercising his rights and obligations under the Sarbanes-Oxley Act,” states a settlement agreement Wing…

BEHIND THE NEWS: In scandals’ wake, firms endure financial wringer Process mapping Too high a cost

March 28, 2005

Last year was excruciating for executives at many of Indiana’s public companies, but not for the usual reasons, like a slumping economy or sliding stock market. Instead, it was because they had to devote thousands of employee hours and millions of dollars to comply with a controversial new rule, Section 404 of the 2002 Sarbanes-Oxley corporate-accountability law. The rule requires companies to assess the internal accounting controls they have in place to ensure their financial reporting is accurate and reliable-and…

Banking turnaround specialist returns home: First National names former People’s exec as CEO

February 14, 2005

One of the nation’s most successful bankers has returned to Indiana. After four years spent spearheading the turnaround of deeply troubled City National Bank in Charleston, W.Va., Jerry Francis took the helm at Kokomobased First National Bank & Trust Feb. 9. Francis is best known locally from his days as president of People’s Bank Corp. He left Indianapolis in 2001 after Fifth Third Bancorp bought People’s for $228 million. But his name is recognized across the nation thanks to the…

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G. Bohley III