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Emmis hearing on shareholder plan continued

A federal judge said that Emmis needs to submit an amended proxy statement reflecting company changes that would result from the proposal before a hearing can be held.

Really Cool Foods plant on auction block

Really Cool Foods closed the 78,000-square-foot facility in November and is searching for a buyer to help repay creditors. One potential suitor is Sugar Creek Packing Co. of Ohio, which has offered $13 million, according to a bankruptcy filing.

Former state worker sentenced in welfare scam

A former Indiana welfare worker has been sentenced to more than three years in prison for creating bogus debit cards he and a co-worker used to steal $185,000 from needy residents' state benefit accounts.

15 percent of Indiana listed in moderate drought

Abnormally dry conditions cover half of Indiana, with 15 percent of the state officially in a moderate drought, and weather experts don't believe the rain that's expected the next few days will bring significant relief.

SPECIAL REPORT: Stock-based pay builds wealth for Indiana execs

IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)

Taxes from big incomes leaving Marion County

Despite the location of Simon Property Group’s tax-subsidized headquarters in Indianapolis, Marion County income tax coffers will see little impact from David Simon’s compensation.

Simon grossly overpaid

Having experienced a somewhat predictable rejection of the proposed compensation package for CEO David Simon, the board of Simon Property Group now will propose a lesser amount which, by comparison, will seem reasonable.

Green energy no panacea

Chris O’Malley’s [May 28] article on the Sierra Club left out some rather stunning statistics.

EDITORIAL: City sends message that design counts

Indianapolis’ urban design guidelines are intended to create an environment that is appealing to those who live, work and shop here. That, in turn, creates demand, providing an opportunity for future investment while protecting investments already in place.

Charter schools in pipeline to be heavy on technology

Three “blended learning” educational organizations have been approved to open 19 charter schools here that combine online technology and face-to-face instruction. The strategy allows schools to save money by employing fewer teachers, yet also can produce impressive student results.