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David Bordenkecher
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Foyt’s tough transition: Legendary driver struggles as racing owner

May 23, 2005

Foyt with a wrench. It’s an iconic image dating back to the 1960s, when the brash, hott e m p e r e d racer started forging his image as one of the world’s best drivers. A wrench gripped by Foyt’s rugged hands is still the image that best characterizes the legendary Texan. But in an era of high-tech diagnostics and sponsor-driven economics, it’s no longer a winning image. “There are certain athletes, racing drivers and personalities that have unusual…

MSA condos co-developer calls it quits: CTE 2nd partner to abandon $140M project; remaining firms expect new designs in June

May 30, 2005

With a deadline looming for a redesign of Market Square Towers, another of the project’s developers has pulled out and has filed a claim on the property for $3.2 million it says it’s owed by Market Square Partners. Chicago-based Consoer Townsend Envirodyne Engineering Inc. filed the lien April 8 to secure its claim on money the company said it spent on design and engineering services and other preliminary project work. CTE, whose representatives once served as the public face of…

Up to the challenge: Stadium project leader has been here before

May 30, 2005

John Klipsch didn’t necessarily set out to take control of one of the largest public-works projects in Indianapolis history, but he prepared for it nonetheless. “My degree is in counseling,” he said with a wry smile. “This is how my career has evolved over the years.” So here he is, two months before work is scheduled to begin on a $900 million stadium construction and convention center expansion project, relying on his professional experience and personal dedication to get the…

SPORTS: ‘Slow’ ride ’round oval makes your heart race

May 30, 2005

One of my favorite jokes goes like this: In the forest one day, two turtles were involved in a head-on collision. The only witness was a snail. When the forest police arrived to investigate the accident, they asked the snail to describe what he had seen. “I can’t,” said the snail. “It all happened too fast.” Speed is a relative thing. And, like the snail, that’s my challenge in recounting my recent experience at the Indianapolis Motor Speedway, which involved…

Laptop batteries: Here’s how to maximize stamina RETURN ON TECHNOLOGY Tim Altom: Laptop batteries: Here’s how to maximize stamina

May 30, 2005

RETURN ON TECHNOLOGY Laptop batteries: Here’s how to maximize stamina The laptop computer has made battery groupies of us all. For something so humble and unobtrusive, the laptop battery commands outsized attention. We calculate whether we need to bring AC power adapters to meetings, based on how long a battery will last. We figure how much work we can get done on planes, based on how long the battery will last. Then, when we can’t charge them up anymore, the…

A quiet force: King helped revitalize city behind scenes

May 30, 2005

Coming of age in the 1950s, Tom King thought he’d make a pretty good engineer. “I grew up during what I call the ‘Sputnik Era’. Anybody who was a halfway decent student was going to be an engineer,” says the newly retired president of the Lilly Foundation. “When I saw what engineers did, I discovered I wouldn’t make a very good one.” Instead, King found himself a niche constructing some of the most complex local economic development projects of the…

A business-friendly approach: New insurance boss hopes to speed approval process, attract firms to state

May 30, 2005

Jim Atterholt may not have been the governor’s top choice to lead the Indiana Department of Insurance. But the former state representative who has dedicated his career to public service is no consolation pick, either. Those who know the 43-year-old Atterholt say his calm demeanor and his sharp people skills should serve him well in his new role as an administrator. He took the helm as commissioner Feb. 22, about a month after Harold Calloway declined the appointment. Atterholt since…

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…

SPORTS: No checkered flag for IRL, but it’s leading the race

June 6, 2005

The Indianapolis 500 is back, so we are told and at least we should hope. While television ratings didn’t blow through the roof, they at least climbed out of the basement by posting a 40-percent increase and putting in the rear-view mirrors that evil NASCAR event later in the day. Officials proclaimed with pride that the Indianapolis Motor Speedway was “almost a sellout” for the big race, which, not that many years ago, would have been an indictment, not a…

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…

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…

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People

David Bordenkecher

Articles

Foyt’s tough transition: Legendary driver struggles as racing owner

MSA condos co-developer calls it quits: CTE 2nd partner to abandon $140M project; remaining firms expect new designs in June

Up to the challenge: Stadium project leader has been here before

SPORTS: ‘Slow’ ride ’round oval makes your heart race

Laptop batteries: Here’s how to maximize stamina RETURN ON TECHNOLOGY Tim Altom: Laptop batteries: Here’s how to maximize stamina

A quiet force: King helped revitalize city behind scenes

A business-friendly approach: New insurance boss hopes to speed approval process, attract firms to state

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

SPORTS: No checkered flag for IRL, but it’s leading the race

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

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