Indianapolis-based electronics and appliances retailer HHGregg Inc. said today it plans to appoint a new CEO in August. It also said its current CFO is stepping down. The company’s current president, Dennis L. May, will take over for Jerry W. Throgmartin, a 33-year veteran of the chain who has served as CEO since 2003. Throgmartin […]
Indianapolis-based electronics and appliances retailer HHGregg Inc. plans to appoint a new CEO in August, when Jerry W. Throgmartin becomes executive chairman. The company’s current president, Dennis L. May, will take over for Throgmartin, a 33-year veteran of the chain who has served as CEO since 2003, HHGregg said yesterday. May, 41, joined HHGregg in […]
First the good news about Indiana’s insolvent Unemployment Insurance Trust Fund: As part of its $787 billion stimulus, the federal government has just agreed to stop charging interest on its loans to pay benefits to the jobless. President Obama’s package allows Indiana to continue zero-percent borrowing for unemployment insurance through 2010, a provision that will […]
Shoring up the state’s jobless-fund shortfall likely will cost employers and employees more.
The message to locally based USA Track & Field was clear. Downsize or risk losing financial support from the U.S. Olympic Committee. So USATF boss Doug Logan last week announced the board would…
The Indiana Senate has approved a bill to eliminate local township advisory boards, but not eliminate township government completely as Gov. Mitch Daniels had proposed. The bill that passed yesterday 28-22 would eliminate three-member township boards that adopt the annual township budget and act as the township’s fiscal and legislative body. Those duties would be […]
Sheryl Crow, Herbie Hancock and other entertainers yesterday urged Congress to force radio stations to pay performers when their music is broadcast – a proposal that doesn’t sit well with the radio industry. Jeff Smulyan, chairman of Indianapolis-based Emmis Communications Corp., said a move to pay performers amounts to another tax and would come at […]
The state’s two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive director and board. And they’ll need only one tourniquet to stem their bleeding. Over the last 15 months, the Public Employees’ Retirement Fund and Indiana State Teachers’ Retirement Fund have hemorrhaged a combined $8 billion. […]
For me, the weekend included a visit to Pike Performing Arts Center to see BodyVox (more on that in an upcoming review), finishing Dennis Lehane’s epic Boston police novel “The Given Day” (the first big book in a long while that…
The state’s two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive
director and board.
Baker & Daniels attorney Max Siegel was recently named to the USA Track & Field board and will play a role in a restructuring
of the sports sanctioning body headquartered in Indianapolis.
A top state senator is developing a proposal for fixing Indiana’s bankrupt unemployment insurance fund that he said yesterday is likely to include higher taxes on employers and cutting benefits paid out to the jobless. Republican Sen. Dennis Kruse of Auburn, chairman of the Senate Pensions and Labor Committee, is taking the lead on the […]
State officials had high hopes for an investment pool created last year to give Indiana’s school districts and local governments a safe, short-term place to deposit taxpayer money and earn interest. Then the economy tanked. The account’s daily interest rate fell from 3.23 percent last February to just 0.53 percent today. Its balance dwindled from […]
A leading state senator wants to rely on money from the federal stimulus package to give a slight spending increase to Indiana’s public schools. Senate Appropriations Chairman Luke Kenley (R-Noblesville) said yesterday that he is still developing his proposal. But he wants to use $683 million in stimulus money in hopes of increasing basic funding […]
State officials had high hopes for an investment pool created last year to give Indiana’s school districts and local governments a safe, short-term place to deposit taxpayer money and earn interest. Then the economy tanked. The account’s daily interest rate fell from 3.23 percent last February to just 0.53 percent today. Its balance dwindled from […]
A leading state senator wants to rely on money from the federal stimulus package to give a slight spending increase to Indiana’s public schools. Senate Appropriations Chairman Luke Kenley (R-Noblesville) said yesterday that he is still developing his proposal. But he wants to use $683 million in stimulus money in hopes of increasing basic funding […]
Imagine racking up nearly $3 million in debt every day. That’s more than $100,000 an hour, or about $2,000 a minute. Indiana is diving deeper into debt as it struggles to pay jobless benefits from its bankrupt unemployment insurance fund, which is paying out hundreds of millions more than it collects in taxes from employers. […]
The key legislative item at this point remains House Bill 1001, the budget bill.
Indiana Senate Republicans have proposed a plan designed to fix the state’s bankrupt unemployment insurance fund by increasing employer taxes overall, reducing benefits for some jobless people and tightening eligibility requirements. “Our effort is to make changes in the system that are gradual but does put us on a definite path to solvency in our […]
After two mega-mergers last week among pharma companies, the buzz grew deafening with speculation about future mergers, including the possibility of Eli Lilly and Co. linking up with Bristol-Myers Squibb Co. Indianapolis-based Lilly has steadfastly said it’s not interested in big mergers. But even if Lilly wanted to merge, does it have the capital to […]
