2012 CFO OF THE YEAR: Joseph D. Cathcart
Joseph D. Cathcart, chief financial officer of F.A. Wilhelm Construction Co., is a finalist in the private companies (revenue over $100 million) category.
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2012 CFO OF THE YEAR: John Smith
John Smith, chief financial officer of Bastian Solutions, is a finalist in the private companies (revenue over $100 million) category.
2012 CFO OF THE YEAR: Mark K. Hardwick
Mark K. Hardwick, CFO at First Merchants Corp., is the top honoree in the public companies category.
2012 CFO OF THE YEAR: Steve Collins
Steve Collins, chief financial officer of ExactTarget, is a finalist in the public companies category.
2012 CFO OF THE YEAR: Christie B. Kelly
Christie B. Kelly, executive vice president and CFO of Duke Realty, is a finalist in the public companies category.
2012 CFO OF THE YEAR: Kay Whitaker
Kay Whitaker, CFO at Central Indiana Community Foundation, is the top honoree in the not-for-profit category.
2012 CFO OF THE YEAR: Thomas P. Fischer
Thomas P. Fischer, chief financial officer of Community Health Network, is a finalist in the not-for-profit category.
2012 CFO OF THE YEAR: Jack A. Gochenaur
Jack A. Gochenaur, chief financial officer and treasurer of Manchester University, is a finalist in the not-for-profit category.
Pliant Ohio regulators helped clear path for Durham’s fraud
The Ohio Division of Securities allowed Fair Finance to register investment certificates even after the company stopped providing audited financials and Tim Durham drained more than $100 million from the firm through insider loans.
Prosecutors: Durham, accomplices deserve life sentences
Saying their crimes were “as serious as any financial fraud crime ever committed,” federal prosecutors re-emphasized Monday their recommendation that Ponzi schemer Tim Durham and his two accomplices deserve to spend the rest of their lives in prison.
Durham gets 50 years for fraud scheme
Former Indianapolis businessman Tim Durham was sentenced to 50 years in prison for running a Ponzi scheme that led to the collapse of Fair Finance, costing thousands of investors $250 million. Accomplices Jim Cochran and Rick Snow received 25 years and 10 years, respectively.
IU Treasurer McCourt slated to become interim CFO
MaryFrances McCourt would replace Neil Theobald, who is leaving IU at the end of the year to become president of Temple University.
Face-lift nearly complete at Eagle Creek golf courses
Eagle Creek Golf Club received a long-awaited face-lift this year under a contract that will rescue the city from most of its expenses stemming from the previous operator’s loan default.
Lack of restraint caused Marsh family’s downfall
What’s extraordinary about the spending spree was that it continued even as Marsh Supermarkets' financial condition grew increasingly precarious.
I-69 leg gobbling up state’s road funding
As legislators brace for a $250 million annual transportation spending gap down the road, the Indiana Department of Transportation has designated more than one-third of its entire federal highway aid this year toward building 27 miles of Interstate 69 between Crane and Bloomington.
Former Marsh CFO sought out bankruptcy lawyers
The former executive of Marsh Supermarkets Inc. said he became so concerned about the company’s deteriorating finances less than a decade ago that he took the desperate step of meeting with bankruptcy lawyers.
Sun Capital execs ‘shocked’ by Marsh financials
Any feelings of satisfaction that Sun Capital Partners executives had after completing the acquisition of Marsh Supermarkets Inc. quickly turned to “shock and surprise,” a managing director of the private-equity firm told jurors Tuesday.
Witnesses: Don Marsh’s expenses never questioned
Lawyers for the former CEO of Marsh Supermarkets on Thursday hammered home their claims his expenses were widely accepted in the company as normal business costs, while witness testimony revealed a corporate culture that passed the buck on evaluating those costs.
Market’s surge fuels wave of executives’ insider selling
Insiders at Indianapolis-area companies cashed in millions of dollars of their own companies’ shares this month, a selling spree that might reflect growing sentiment the market rally is ending.
Marsh closing stores in Marion, Columbus
The locally based grocery chain said it is shutting down the stores rather than renew leases. Following the closings, Marsh will have 91 stores in Indiana and Ohio.