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Activists flexing muscles at city’s marquee firms:

October 8, 2007

Suddenly, activist investors are swarming around struggling Indianapolis public companies-from The Steak n Shake Co. and Conseco Inc. to Emmis Communications Corp. Here’s an unsettling reality: Activists are all about making handsome returns on their investments-often achieved by selling businesses, taking them private or selling them piecemeal. It’s not farfetched to think that a year from now, none of the three high-profile firms still will be a local public company. To be sure, the executives who run the three firms…

Arts Council offers more help directly to artists

October 8, 2007

When Shannon Linker went to work for the Arts Council of Indianapolis in mid-2002, it was a typical pass-through organization–re-granting
city money to local arts groups. Now Linker is director of an artist-services program for the council that is on par with
those offered in communities like Seattle and New York City but few other places.

Wellness working for Goodwill workers: Despite high turnover rates, program cuts costs

October 8, 2007

Why pay to get employees healthy if they’re likely to leave in a few years? That used to be the killer question for wellness and disease management programs. But that attitude is changing. And employers like Goodwill Industries of Central Indiana are a good example of why. The not-for-profit, whose main mission is to help workers make a transition into other jobs, has enjoyed significant savings on health care costs even as it has ditched the employee-paid deductible on its…

Court green-lights liquidation of Benicorp

October 5, 2007

Indiana Insurance Commissioner Jim Atterholt can begin liquidating the assets of Indianapolis-based Benicorp Insurance Co. after winning approval today from Marion County Circuit Court Judge Theodore Sosin. Sosin put Benicorp into receivership two months ago. Atterholt and his staff at the Indiana Department of Insurance took over Benicorp’s business as the company was three months […]

Payola alleged by radio executive

October 1, 2007

Radio One Indiana’s former controller has filed a civil lawsuit against the company charging she was terminated because of
her race after she raised concerns about fraud and payola in relation to the company’s financial statements.

A&E: A Roman Louvre affair at the IMA

October 1, 2007

It’s often easier to talk about artists than it is to talk about art. What was he thinking? What were her influences? What life events made them make those choices? Once we’ve got some personal details about an artist’s life, we can play armchair psychologist and try to figure out what the artist meant when he or she created whatever was created. In short, it’s easier for most of us to think about Van Gogh’s ear than his brush strokes….

Atterholt’s toughness with insurers questioned

October 1, 2007

Indiana Insurance Commissioner Jim Atterholt says his philosophy toward consumer protection is to be tough on the “bad actors,”
but friendly toward the “good actors”;–in part, so he can call for their help when needed.Not everyone is convinced, however,
because Atterholt has done so much in his 2-1/2 years as commissioner to promote industry causes.

South Bend bank sues Falcons quarterback Vick

September 28, 2007

Atlanta Falcons quarterback Michael Vick, who pleaded guilty last month to federal dog fighting charges, has been sued by 1st Source Bank in South Bend over claims that his company hasn’t repaid more than $2 million in loans. The loans to Divine Seven LLC, a Georgia company, were made to finance vehicles for a car […]

Sallie Mae claims buyers to back out of deal

September 26, 2007

Student loan giant Sallie Mae, which employs 2,300 workers in Fishers and another 500 in Muncie, said today that the private-equity buyers who offered to buy it for $25 billion want to back out of terms of the agreement. Earlier this month, Virginia-based Sallie Mae warned the investors to follow through with the deal. The […]

Lilly, Emisphere settle protracted dispute

September 25, 2007

Eli Lilly and Co. has agreed to pay $18 million to settle a bitter dispute it had with New York-based Emisphere Technologies Inc. Emisphere announced the settlement agreement this morning but gave no details. The agreement still needs approval from U.S. District Court Judge David Hamilton in Indianapolis. In January 2006, Hamilton ruled that Indianapolis-based […]

SEC charges local man with defrauding banks

September 24, 2007

Mark Ristow, a 62-year-old Indianapolis resident, has been charged by the Securities and Exchange Commission with defrauding mutual savings banks and the banks’ depositors, and has pleaded guilty to similar charges leveled by the U.S. Attorney’s Office in New Jersey, the SEC said today. Through various means, Ristow misrepresented himself in accumulating shares of 23 […]

A&E: Familiar faces in a familiar ‘Town’

September 24, 2007

It’s called a ghost light. Little more than a light bulb on a pole, it’s there to keep actors from fumbling around in the dark. And, for the superstitious, it’s there to keep the ghosts at bay. The ghost light is an apt opening and closing image for the Indiana Repertory Theatre’s season-opening production of “Our Town,” a play whose ghosts in act three remind us of the things we mortals miss. And a play whose light shines without the…

Fiercely private developer built strip-center empire

September 24, 2007

Sid Eskenazi fell in love with the board game Monopoly as a child. Buying and developing make-believe properties with make-believe money inspired the grade-schooler. And he was good at it. So several years later, Eskenazi began playing what he likes to call “adult Monopoly.” He bought one property at a time with real money.

IRL drops green flag on revenue-sharing plan: Series places no limits on number of teams eligible

September 24, 2007

The Indy Racing League is going where only stick-and-ball sports have gone before: revenue sharing. In a concept unique to motorsports, IRL officials have floated a plan that will guarantee teams about $1.3 million from series coffers for each car entered full time in the 16-race series. The change means the IRL could pay out $36 million to teams in 2008, $10 million more than it did through prize purses this year. Industry experts think revenue generated by the newly…

Health care fix may wait for ’08: But other federal bills important to small business are making headway

September 24, 2007

That’s not what many NFIB members wanted to hear. “I’ve been a member of [the advocacy group] since 1985, and since 1985 the top issue has been health care that is affordable for businesses and employees,” said Barbara Quandt of Indianapolis-based Quality Environmental Professionals Inc. The firm’s health insurance costs increased by 33 percent in 2007, and Quandt said company leaders are “quaking” with dread over what will happen in 2008. QEPI covers 75 percent of insurance costs for its…

EYE ON THE PIE: Give tax relief to those who truly need it

September 24, 2007

No topic brings me more mail than property taxes. Some of this mail is silly, some is tragic. Many writers are concerned that they or their neighbors will lose their homes because of propertytax increases. This is a serious, legitimate concern. However, it is not a reason to abolish property taxes. Those who are hard-pressed to pay their property taxes are not different from those who have problems paying utility bills, medical bills, and the costs of other necessities. These…

Estridge files petition over track ‘windfall’ fee

September 21, 2007

Paul Estridge Jr. has filed a petition to try to stop the state from collecting a fee stemming from the sale of his minority stake in Indiana Downs horse track in Shelbyville. Estridge, of Carmel, claims that the fee is in effect a transfer tax, and that the tax is unconstitutional, according to The Courier-Journal […]

Discontented Conseco shareholder rattles saber

September 20, 2007

Warren G. Lichtenstein, who has made a name for himself by launching hostile takeovers, has made his dissatisfaction with Conseco Inc. public in a Securities and Exchange filing. Lichtenstein said he plans to review investment in the Carmel insurer by his Steel Partners II fund and start discussions with Conseco managers and directors “concerning the […]

IPALCO may face challenge over old retirement plan: Utility accused of continuing to collect plan money from ratepayers despite spinning it off years earlier

September 17, 2007

Six years after its $2.2 billion sale to AES Corp.-a deal that generated at least three shareholder lawsuits-IPALCO Enterprises has signaled that more sparks might fly from the long-done deal. An attorney claiming to represent participants in a retirement insurance plan IPALCO spun off and stopped funding six years ago alleges the utility continues to recover from its 468,000 ratepayers millions of dollars a year toward the plan. The letter asserts that Indianapolis Power & Light “is recovering in rates…

Health hot spot rises in Brownsburg

September 17, 2007

Plans abound to bring new health care facilities to Brownsburg, one of Hendricks County’s fast-growing towns. Some familiar
local names, such as OrthoIndy, St. Vincent Health and Clarian Health Partners, all have claims to land in the Brownsburg
area.

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People

David Bordenkecher

Articles

Activists flexing muscles at city’s marquee firms:

Arts Council offers more help directly to artists

Wellness working for Goodwill workers: Despite high turnover rates, program cuts costs

Court green-lights liquidation of Benicorp

Payola alleged by radio executive

A&E: A Roman Louvre affair at the IMA

Atterholt’s toughness with insurers questioned

South Bend bank sues Falcons quarterback Vick

Sallie Mae claims buyers to back out of deal

Lilly, Emisphere settle protracted dispute

SEC charges local man with defrauding banks

A&E: Familiar faces in a familiar ‘Town’

Fiercely private developer built strip-center empire

IRL drops green flag on revenue-sharing plan: Series places no limits on number of teams eligible

Health care fix may wait for ’08: But other federal bills important to small business are making headway

EYE ON THE PIE: Give tax relief to those who truly need it

Estridge files petition over track ‘windfall’ fee

Discontented Conseco shareholder rattles saber

IPALCO may face challenge over old retirement plan: Utility accused of continuing to collect plan money from ratepayers despite spinning it off years earlier

Health hot spot rises in Brownsburg