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    David Bordenkecher

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Articles

Will merger weaken regulatory oversight?: Local securities experts disagree on potential impact of NASD, NYSE combination

January 8, 2007

A merger of the two biggest regulators that police the nation’s 5,100 investment brokerages is drawing mixed reactions from the securities industry. NASD, formerly known as the National Association of Securities Dealers, and NYSE Group Inc., parent of the New York Stock Exchange subsidiaries, want to complete the merger by June 30. Supporters hail the alliance as a costcutting measure that will eliminate overlapping regulation and establish a uniform set of rules by placing oversight responsibility in a single, yet-to-be-named…

SPORTS: 2006 was a year of sports highs-and lows

January 1, 2007

What a mixed bag 2006 was. For every yin, there was yang. Yin: The Indianapolis Colts claimed home-field advantage in the NFL playoffs. Yang: They then lost to the Pittsburgh Steelers when mouthy M i ke Va n d e r j a g t gagged on the gametyin kick. Yin: The city hosted a simply extraordinary Final Four at the RCA Dome and welcomed to town a genuine Cinderella, George Mason. Yang: The games were one-sided, and, speaking of…

Storms crisis for some, boon for others:

January 1, 2007

When two separate storms boasting 80-mile-per-hour winds and massive hail hit the Indianapolis area in April, it was just the beginning of headaches for some. For others, it was the beginning of a lot of green. A storm on April 2 produced straightline winds that knocked out windows and tore away portions of the façade at downtown’s One Indiana Square office tower. The city was forced to close Pennsylvania Street for days to keep cars and pedestrians away from the…

U of I dean under fire from within department

December 25, 2006

Two years after Michael Shapiro was hired as dean of the business school at the University of Indianapolis, three current
and three former U of I professors have filed a grievance against Shapiro, alleging that he has created a hostile work environment.

NOTIONS: 2006 years later and still no room at the inn

December 18, 2006

I’ve sat through my share of seminars, sermons and speeches. I’ve heard all the shoulds, coulds, oughtas, haftas and gottas offered up by well-meaning teachers, preachers and other pontificators. And while I’ve tried to heed more of their wisdom than I’ve blown off, much of the blah-blah has gone in one hearing aid and out the other. You can chalk that up to dry delivery, other matters on my mind, lack of relevance or information overload. Whatever the case, the…

BULLS & BEARS: Alternative investments don’t live up to the hype

December 18, 2006

Alternative investing is all the rage, as I noted in my last column. As an individual investor, you might feel that the dealings of hedge funds, private equity and venture capital don’t apply to your portfolio. Yet, when there is such a sea change taking place in the investment landscape, it is important to try to understand why it is happening and whether it makes sense, because the ripple effects can reach you. Hedge fund is an all-encompassing term that…

Randy’s Toy Shop breathes life into ailing play things

December 18, 2006

Randy Ibey, owner of Randy’s Toy Shop in Noblesville, is legendary among antique toy collectors and dealers worldwide. Ibey
can fix more kinds of toys than an elf in Santa's workshop–from a German tin soldier created in the 1850s to a remote-control
Pluto made a century later.

FUNNY BUSINESS: Holiday favorites-and not-so-favorites-liven up work

December 18, 2006

On the first day of Christmas, the workplace brought to me: One allegedly funny memo written in the style of Clement Clarke Moore: “‘Twas the night before Christmas and all through Accounts Receivable, not a creature was stirring, isn’t that unbelievable?” It goes on like this for 27 stanzas, representing at least four hours of someone’s workweek. On the second day of Christmas, the workplace brought to me: Two half-gallon cartons of eggnog for the kitchenette refrigerator, where they will…

SPORTS: Keady takes on a job much harder than coaching

December 11, 2006

“Nursing’s a lot harder than coaching, I can tell you that,” Keady, 70, said from his Tippecanoe County home, not far from Purdue University where the basketball court in Mackey Arena bears his name. After 25 years on the Purdue sidelines in a storied career that had almost everything except the storybook ending, Keady signed on last year as an assistant coach with the NBA’s Toronto Raptors. This year, Raptors management changed and his contract was not renewed. Just as…

Complaints accuse Lilly of illegally marketing Zyprexa

December 11, 2006

Eli Lilly and Co. is facing another round of litigation over its star seller, Zyprexa, as insurers and third-party payers
ask to be reimbursed for covering the antipsychotic drug.

NOTIONS: Looking in the mirror for Santa and Mrs. Claus

December 11, 2006

Bruce Hetrick has the week off. Before he left, he updated this column that was first published Dec. 20, 2004. Contrary to folklore perpetuated each December, Santa and Mrs. Claus don’t live at the North Pole. Their heads aren’t crowned with thick, white locks. Their clothes aren’t predominantly crimson. And there’s no sleigh in the garage, nor reindeer in the stable (in fact, there’s no stable at all.) The Clauses live, instead, on the north side of Indianapolis. As occasional…

Mixing religion, business leads to risks, rewards

December 11, 2006

Navigating the intersection between creed and commerce can betricky. Fearing lawsuits, many companies prefer to avoid it whenever
possible. But others unabashedly intertwine religion and business.

NOTIONS: Holidays have you anxious? Keep them in context

December 4, 2006

Just before a month of holidays focused on giving and gratitude, I got sucked into one of those proverbial working-world messes. You know the type: A Lemony Snicketish series of unfortunate events that can put good people at odds with other good people. As I got more and more drawn in, I tensed up, lost sleep, worked late into the night, began anew in the wee hours, and otherwise got distracted from deeds that needed doing, apologies that needed saying…

IPL plan secrecy brings rebuke from watchdog group

December 4, 2006

The state’s public access counselor says Indiana’s utility regulators failed to make a legal case for keeping information
about Indianapolis Power & Light’s controversial “Elect Plan” out of public view.

Bipartisan control will force compromises: With campaigns over, legislators get down to business on new budget, property-tax relief and other issues

December 4, 2006

In his 2007 legislative preview for the Indiana Chamber of Commerce, State Rep. Brian Bosma, R-Indianapolis, opened with a joke: After a politician’s death, he found himself standing before the pearly gates. St. Peter offered the politician a choice of heaven or hell, prefaced by a brief preview of each. During his visit to hell, the politician was surprised to discover all his friends there. What’s more, it was a terrific place to be-the most fun and raucous party he’d…

SPORTS: Butler’s Bulldogs rule-and so does Marvin Harrison

December 4, 2006

Talk about the straw that stirs the drink. That youngster gives maximum effort every second. And while it’s early, I’d stack Graves and his running mate, Michael Green, against any backcourt tandem in the country. Though they couldn’t come out and say it, the NCAA folks who now run the Preseason NIT had to be inwardly thrilled to watch Butler and Gonzaga University reach the championship game on the Madison Square Garden stage. Their rosters are filled with players who…

BEHIND THE NEWS: Hilbert testimony ‘false and misleading’? Conseco says yes

November 27, 2006

Conseco Inc. already has won an $80 million judgment against Stephen Hilbert, a ruling the U.S. Supreme Court let stand this fall. Through the threeyear legal battle, attorneys for the two sides lambasted one another. Bad blood abounds. You ain’t seen nothin’ yet. Next month, in addition to staging a sheriff’s sale of Hilbert’s $20 million Carmel mansion, once the site of the states’s most lavish parties, the company plans to call Hilbert to the stand and accuse him of…

Mellencamp a reluctant pitchman in Chevy ad

November 27, 2006

U.S. celebrities making pitches for large corporations is nothing new. But John Mellencamp has been long known as an artistic purist with a disdain for commercialism. His debut this fall as a pitchman for Chevrolet’s Silverado pickup truck has surprised many and touched off a torrent of criticism.

Forgotten accounts can lead to windfalls: State seeks Web vendor for unclaimed property

November 27, 2006

With $325 million in unclaimed property on hand, Indiana Attorney General Steve Carter has a simple request: Check the Internet to see if any of it is yours. To make the process as easy as possible, Carter is searching for a vendor to upgrade and host its clearinghouse Web site www.IndianaUnclaimed.com. The attorney general’s goal is to reunite Hoosiers with their cash-and in the process reduce a significant problem for businesses that need to get unclaimed property off their books….

NOTIONS: Let’s clear the air at state schools

November 27, 2006

Long ago, I did some work for Special Olympics. In the process, I learned a semantic preference of the organization: One never says “mentally retarded people.” One says “people with mental retardation.” The rationale: These athletes are people first, not a condition. Long ago, I also did AIDS education and prevention work. In the process, I learned a semantic preference of health organizations and their clients: One never says “AIDS victims.” One says “people with AIDS.” The rationale: Those with…

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