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MICKEY MAURER Commentary: Banker’s exit won’t end good deeds

Indiana, as you know, has not escaped the inevitable crush of consolidation in the banking industry. No one should have been surprised by the announcement that First Indiana Corp. was selling itself to an out-of-state bank, Milwaukee-headquartered Marshall & Isley Corp. In spite of the best efforts of M&I, The National Bank of Indianapolis, of which I am chairman of the board, will add business as a result of this transaction. Some of First Indiana’s customers prefer to deal with…

VOICES FROM THE INDUSTRY: Employee investment deals can tread dangerous ground

How can friends and business associates end up in such a bad place? The idea was simple. The model was not a new one. These friends and associates each brought a particular know-how to the table for this business venture to succeed. Neither probably realized the handling of their business violated the Indiana Securities Act. The friendly investment The company owner offered a 49-percent stock share in a new business venture to a key employee. After discussion of some details,…

Pampering is part of Columbia Club’s turnaround plan

The son and grandson of hotel managers, Maarten van Wijk became general manager of the historic-but-ailing 2,000-member Columbia
Club in May. His first priority is to polish the venerable private club’s tarnished quality standards to a lustrous sheen.

SPORTS: Awaiting a tainted ‘greatest’ moment in sports

Do the words “integrity” and “sports” belong in the same sentence? Worse, does anyone care? By the time you read this, Barry Bonds, a Giant in uniform but hardly a giant of a man, may have become baseball’s alltime home-run king. His inexorable pursuit of Henry Aaron’s magical mark of 755 has been well-documented. So, too, has been the overwhelming evidence implicating Bonds as a user of steroids. Thus, what should be one of baseball’s greatest moments is instead one…

Merger has bank near top: Huntington a big player after acquisition of Sky

Huntington Bancshares Inc. entered the Indianapolis market in 1986 and since has led a relatively unassuming existence, barely cracking the top 10 in local deposit amounts and operating just a few dozen branches. So, the Columbus, Ohio-based bank is entering uncharted territory following its $3.6 billion acquisition of fellow Buckeye bank Sky Financial Group Inc. in Bowling Green. Huntington completed its purchase of Sky on July 2, making it the 24th-largest domestic bank in the United States in terms of…

CEDIA delaying comeback to convention center

One of the two massive trade shows forced to leave Indianapolis because of a convention center space crunch isn’t coming back
as soon as expected. Locally based Custom Electronic Design & Installation Association is changing course three years after
agreeing to return its fall CEDIA Expo to Indianapolis for four years beginning in September 2010.

VOICES FROM THE INDUSTRY: Shouldn’t you make money in up, and down, markets?

It seems simple, but knowing whether your financial advisor is doing a good job can be a challenge for some. It’s difficult to define what good is, because it depends on how the rest of the market is performing. For example in a bull market, 2 percent is a horrible return. But in a bear market, when most investors are down 20 percent, just preserving your capital would be considered a triumph. In that case, 2 percent doesn’t look so…

Pan Am buyer to raze rinks

A Texas firm has agreed to buy Pan Am Plaza’s 12-story office building and skating rinks and is planning to replace the rinks
with a more-than-$50-million restaurant and retail development.

Dealers say mileage mandates are too much, too soon: But consumer group contends heightened demand for fuel-efficient vehicles should allay industry’s fears

The region’s largest consumer advocacy group is trying to counter efforts by Indiana car dealers who want to water down higher fuel economy standards passed by the U.S. Senate. Citizens Action Coalition has been rallying its base to pressure the Indiana delegation to stand behind aggressive fuel economy targets that would require a carmaker’s fleet to average 35 miles per gallon by 2018. With gas supplies pinched and prices relatively high,”this is a very current and important issue,” said Dave…

Entrepreneurs getting younger: Corporate downsizing gives rise to ‘e-generation’

From selling shark tooth necklaces to his neighbors during summer vacations in Florida to running an online auction site that benefits charities, he’s no stranger to the hard work that comes with starting a business. “I’m interested in new things and looking into new things,” said Gough, who is among a burgeoning group of young entrepreneurs not content to work for others. They’d rather strike out on their own. In fact, nearly 71 percent of the 1,474 youth who participated…

STARTUP ADVANCED IMAGING HEALTHCARE SOLUTIONS INC.: Ultrasound technology hits the road

STARTUP ADVANCED IMAGING HEALTHCARE SOLUTIONS INC. Ultrasound technology hits the road Type of business: mobile medical imaging Location: 75 Executive Drive, Suite A, Carmel Phone: 663-3289 E-mail: [email protected] Web site: www.aisolutions.info Founded: November 2006 Owners: Greg and Janet McCauley, Beau and Jennifer White Owners’ backgrounds: Jennifer White, 27, graduated from Indiana University’s dental school in 2001; her husband, Beau, 30, graduated from Purdue University in 2000, then worked in sales in the medical field. The McCauleys have been in sales…

New kind of high school pairs projects, technology: Educators hope approach boosts graduation rates

Students at three new Indiana high schools this fall are going to learn the California way. No, they won’t be holding classes on the beach. They’ll use technology and a project-oriented curriculum to learn about math, science and history, plus gain 21st century skills business leaders say today’s work force needs. The New Technology High School model, which began in Napa Valley, Calif., in 1996, will launch in Indiana this fall with New Tech High at Arsenal Tech, New Tech…

VIEWPOINT: Indy a home run for College World Series

As I sat last month enjoying my first College World Series week in Omaha, Neb., an evening game between the North Carolina Tarheels and the Rice Owls, it became clear to me that this nationally u n d e r a p p r e c i a t e d event would be perfect for Indianapolis. Or better said; Indianapolis would be perfect for the College World Series. Now, before CWS purists begin to chant “57 years!” “57 years!,”…

LESSONS LEARNED: PAUL KNAPP CEO, Young & Laramore: ‘Shoot for the Stars ‘

LESSONS LEARNED PAUL KNAPP CEO, Young & Laramore ‘Shoot for the Stars ‘ Paul Knapp isn’t one to declare victory. Nor is he eager to toot his own horn. But even he has to admit that something’s working at Young & Laramore. The Indianapolis advertising agency Knapp leads has a stable of national accounts, is opening a satellite office in Canada, and has projected capitalized billings in 2007 will hit $80 million. So what’s the secret of its success? Y&L’s…

St. Francis CEO organizing effort to heal state’s health care

Bob Brody, CEO of St. Francis Hospital and Health Centers, is spearheading an emerging group of central Indiana health reformers
who want to start a bottom-up process to develop alternative solutions to the state’s–and possibly the nation’s–health care
crisis.

MANAGEMENT: Hard decisions require strong leadership

I am struggling Q: with a major organizational change. I believe it will be beneficial in the long run, but implementing this change will cause considerable turmoil. How do I know if this is the right step for my company? The only way A:to know for sure is to make the change and then assess the result. A good business-planning process that forecasts how the changes will affect the company should be done beforehand, but no matter how good the…

THE TRAVELING LIFE: Start traveling now before it’s too late

On an Ambassadair trip to Athens, Greece, in 1987, one of the tour members suddenly got up from the breakfast table, saying he had to hurry to a class he was teaching that morning. After he left, his wife explained to the puzzled group that he had Alzheimer’s disease, which was diagnosed the year before his retirement in 1986. She said wistfully that they had saved their money so that they could travel after he retired from his job as…

BULLS & BEARS: How compounding, taxes affect investment returns

Investors who purchase individual securities in taxable accounts have a great deal of control over their tax situation-taxes are due only when the investment is sold and gains are realized. Those who wish to monitor their potential tax liability could maintain an “unrealized tax liability account” on their investment ledger that tracks the tax due if the investment were sold. Anyone who has held securities for decades is aware of the power of delaying the tax man. A single investment,…

WRTV to launch massive marketing campaign: New news anchors to tour area in RV ahead of sweeps

With the pending arrival of two new lead anchors, WRTV-TV Channel 6 is preparing to embark on a big marketing campaign that station management hopes will lift it out of third place in the local ratings. The campaign, which is set to begin next month to promote changes within WRTV’s news division, will be marked by a flurry of billboard, radio, newspaper and, of course, television advertising, said WRTV General Manager Don Lundy. But the centerpiece of the campaign takes…

ECONOMIC ANALYSIS: The link between taxes and high health care costs

“Things that can’t go on forever don’t.” If those famous words of the otherwise obscure Nixon-era economic adviser Herbert Stein apply to anything, it is health care spending. Most of us recognize that health care is expensive, breaking the budgets of many households, pressuring businesses and even challenging the spending capacity of giant federal programs like Medicare and Medicaid. What is less clear is why this is so, and what can, or should, be done about it. We spent more…