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Government reform effort long overdue

Critics were lined up to oppose Gov. Mitch Daniels’ plan to streamline
local government almost before he left the podium Dec. 19. Big surprise.

Lilly makes $6.5B acquisition

Eli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim
Cornelius—and won.

UAW in tough spot as automakers seek concessions

A federal bailout for automakers Chrysler and General Motors won’t fix their problems. I think a bankruptcy of these companies is nearly inevitable.
It might also spell the demise of the UAW.

Fund to fuel ethanol use out of gas

A state fund supporting an 18-cent-a-gallon tax credit for gas stations selling E85 ethanol was exhausted in the first three
months of the state’s new fiscal year.

Here are some other top stories from 2008

Here are some other top stories from 2008 Battered Emmis cuts costs In 2008, locally based Emmis Communications Corp. weathered what may have been the most challenging times in the history of radio. Even as the company’s stock slipped below 40 cents per share, Emmis CEO Jeff Smulyan remained undaunted. Company officials feverishly slashed costs […]

Recession leads to a new vision

The Rev. Terminus Tufflov was preaching, although he and I were the only people in the sanctuary.
"These are hard times, my friend," he said. "The forces of darkness have gathered and are threatening my flock. These economic
woes are tests sent from on high to challenge our faith. We must prevail and we will prevail."

Big Three automakers stay alive

The weakest of the Detroit Three, Chrysler LLC and General Motors Corp., said they would run out of cash in 2009, potentially
eliminating tens of thousands of jobs in Indiana alone.

CORRECTIONS

CORRECTIONS Purdue University has about 72,000 students enrolled systemwide. An item on page 6 in the Dec. 15 issue reported the wrong number. The story “Rules rile toy stores,” which appeared on page 3 of the Dec. 15 issue, included this quote from Mass Ave Toys owner Natalie Canull: “It could bankrupt me, which is […]

Stadium, airport terminal open

The $720 million Lucas Oil Stadium opened in August, just in time for the Indianapolis Colts’ season. Indianapolis International Airport’s $1.1 billion midfield
terminal, meanwhile, took off in November.

MANAGEMENT

MANAGEMENT Steve Cox, executive vice president Susan Brown, vice president, human resources Jeff Matsuoka, vice president, business and operations Linda Pratt, vice president, development and membership Jeanne Scheets, vice president, marketing and public relations

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION Total ’08 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) Thomas G. Deranek $300,000 $300,000 $0 $0 -1.5% Chairman, CEO $0 Terrence M. Decio $290,000 $290,000 $0 $0 -1.5% Vice president, marketing $0 Christopher R. Leader $235,000 $235,000 $0 $0 -1.9% Vice president, operations $0 Bruce […]

Have a plan to motivate and keep key employees

The success of many closely held businesses is dependent on their key employees. These employees may not be family members
and probably will never be owners of the business. Nevertheless, their efforts help increase the value of the business.

Indiana banks accepting TARP funding

Many of Indiana’s banks jumped at the chance to apply for a share of the federal government’s capital-infusion program, and
ones that win approval likely will accept the funds designed to shore up still-healthy financial institutions.