John Delaney, a second-tier Brightpoint Inc. executive convicted of securities fraud last year, charges in a newly public
letter that upper management was in on the scheme. The 2004 letter implicates former Chief Financial Officer Phil Bounsall,
now executive vice president of locally based Walker Information.
More needs to be done to improve minority involvement in the construction industry than simply employing a certain percentage of the companies on projects. That’s the consensus of the Indiana Construction Roundtable, an organization made up of some of the biggest users and providers of construction services. Its diversity outreach initiative aims to increase minority participation within the trades by rewarding contractors who support education and training, employ minorities and women, and mentor small minority- and women-owned businesses. The initiative…
A high-profile local firm that quietly negotiated last fall to salvage the stalled redevelopment of the Market Square Arena
site abandoned its plans when the city decided instead to solicit new proposals early this year.
Some local developers were left scratching their heads last month when the federal government chose an out-of-state company
to develop an FBI field office in Castleton. The U.S. General Services Administration awarded the $38 million project to Lake
Winnebago Mo.-based BC Development Co.
After the passing of the restaurant’s general manager, “Mama” stepped into the grief-filled void, providing leadership while consoling the staff. During a charity silent auction, Camerone auctioned off herself as an inhome chef for an evening. She ended up generating the most proceeds, enough to make a dream come true for a child during the Make-a-Wish Telethon. Pamela Evans, customer service agent, American Airlines Evans is a customer service agent for American Airlines and her territory often can be among…
The team leading Indianapolis’ bid to host the 2011 Super Bowl is calling on the corporate community to get in the game fast.
More than a dozen business leaders are rushing to raise $25 million before May 23, when NFL owners are expected to select
a host city from hopefuls Indianapolis; Dallas; and Glendale, Ariz.
Once joined at the hip, the two main health care providers in Tippecanoe County-Arnett Health System and Greater Lafayette Health Services-have become fierce rivals. Each is building a new hospital and will compete to provide services for the 154,000 county residents, and tens of thousands more in surrounding counties. Lafayette-based Arnett, a multi-specialty medical practice, has 140 doctors at a dozen area locations, plus eight facilities in other parts of the state. Greater Lafayette Health Services, part of Mishawaka-based Sisters…
Sometimes it’s hard to tell who hates performance reviews more-managers or employees. But what if the timeworn paper-based annual assessment were replaced with a Web-based process that allows managers to consistently evaluate employees’ skills against company goals? Indianapolis-based Bowland Solutions has come up with just such an alternative, and it has helped the firm build a client roster that includes heavyweights like international banking giant HSBC, music purveyor Virgin Megastores, global pharmaceutical firm GlaxoSmithKline and Earthbound Farm, North America’s largest…
One of the most effective advertisements I ever created never had to be published. The mere fear it instilled via private showings to Connecticut state legislators was enough to undo the havoc they were threatening to wreak. At the time, lawmakers were contemplating what they called a “business services tax,” a tax that would be imposed on the services one division of a corporation provided to another, so long as both operated within the state. For example, if an Aetna…
Yogi Berra once said, “You give 100 percent in the first half of the game, and if that isn’t enough, in the second half you give what’s left.” Women are accepting his challenge with a chuckle, running onto the commercial real estate field and playing to win. They also are balancing home and family. Why not? The U.S. commercial real estate market is worth about $3.5 trillion, according to Real Capital Analytics, a New York research firm. Bridget Farren, founder…
Most market sages know it already, but there is always a new generation of investors that needs to relearn the lesson taught by this latest financial market volatility. Namely, that paper wealth is subject to change. Turning your financial wealth into something else of value-like a house, or a car, or even a bond-always contains an element of uncertainty. If you want to take it literally, more than a trillion dollars of wealth was wiped out in the first five…
That sport, and not religion as Karl Marx once declared, has become the “opiate of the masses” is apparent in our fair burg, where we all-or at least most of us-are overdosing on the Indianapolis Colts. The TV types are in full hyper-ventilation. The scribes are cranking out words by the thousands. No angle involving the Colts and their upcoming Super Bowl date with Da Bears in Miami will go uncovered. And, yes, some of the story lines will be…
World War II could have been fought seven times over since Ralph Reed and sons first tried to build Mallard Lake Landfill
outside of Anderson. The Reeds’ dream of big cash from trash has
upset hundreds of residents in subdivision-dotted fields since the family asked Madison County to rezone their 254-acre farm
in the 1970s.
Angie’s List is preparing to bring its patented dose of consumer empowerment to your local doctor’s office. The Web-based
rating service–which started 2007 by expanding into 30 more cities–hopes to launch a pilot program in Indianapolis that
rates doctors, insurers and others in the health care business.
Reeling in 45-inch northern pike during annual fishing excursions to the upper regions of Canada is one type of bonding experience Don and Greg Goelzer cherish. But the camaraderie the father and son share really is rooted in the 25 years they have spent working side by side at Goelzer Investment Management Inc., the downtown advisory firm Don founded in 1969. In the quarter-century since son Greg arrived fresh from college, the two have helped grow the firm’s client base…
Too many investors view their stockbrokers as “professionals” and not the salesmen they usually are. How do brokers find their customers? Most get their clients from cold-calling or inheriting accounts when fellow brokers leave the firm. Some brokers are adept at finding customers at church, the country club or local service organizations. Compare this point of initial contact to other professionals you deal with. Have you ever been cold-called by a doctor offering you a great deal on that annual…
In the last several weeks, cable TV operator Comcast has sent out 26 “Dear John” letters to Indianapolis and other metro-area
cities, informing them it has dumped its local cable franchise agreements and gotten hitched to a single, statewide video
franchise.
They all have high-tech surveillance systems from Greenwood-based American Sentry Guard. The company specializes in building and distributing “intelligent video” systems capable of linking digital video with other computer-based information, such as sales transaction records. Clients include schools, banks, casinos, government agencies and small businesses. Founded in 1999 by father-son team Jack and Jeff Brummett, American Sentry has become one of the nation’s fastest-growing privately held companies. This year, Inc. magazine ranked the company 150th on its “Inc. 500” list,…
Is building roads innovative? Some reactions voiced in the wake of the Gov. Mitch Daniels’ proposal to build a 75-mile beltway around the east and southern quadrants of central Indiana say no. Outer belts, it is said, are a mistaken product of 1960sera thinking, robbing growth from central cities and helping create the faceless suburban landscape that surrounds so many major cities today. Innovative thinking on transportation, one might say, would embrace new technology and get us away from the…
BioCrossroads, the life sciences initiative responsible for raising the $73 million Indiana Future Fund and the $6 million Indiana Seed Fund, is in early discussions on a new capital-formation effort. The focus this time around: biotech services businesses. “This is very much a work in progress,” said BioCrossroads CEO David Johnson. “But we believe and acknowledge this is an area that needs our attention and our active involvement.” Next year, Johnson hopes to focus at least $25 million to $30…
