Less than a month after retiring as CEO of Eli Lilly and Co., Sidney Taurel has joined BioCrossroads Inc.’s board of directors. BioCrossroads, an Indianapolis-based group that promotes development of life sciences businesses, made the announcement this morning. Taurel is continuing as chairman of Lilly, the Indianapolis-based drugmaker, until the end of this year. He […]
At least one economist thinks central Indiana’s life sciences sector can absorb the 500 people Eli Lilly and Co. plans to let go through early buyouts. “These aren’t the 1950s factory workers that we have to worry about. These are nimble, highly skilled workers,” said Mike Hicks, director of the Bureau of Business Research at […]
CALPERS, the big pension fund, doesnâ??t want Eli Lilly and Co.â??s new CEO, John Lechleiter, to be voted onto
the board at Lillyâ??s annual meeting on Monday.
Lechleiter was a high-level player within Lilly in recent years while the…
Eli Lilly and Co. shareholders this morning rebuffed an effort by California Public Employees’ Retirement System, the nation’s largest public pension fund, and four major proxy advisory services to force two directors off the board and prevent the new CEO, John Lechleiter, from joining the board. Dr. Alfred Gilman and Karen Horn were reelected, according […]
It takes courage, but sometimes the best time to invest in a stock is when almost no one else is. That strategy paid off royally with Finish Line Inc., whose shares are up 180 percent this year. Now, is the time right to dive into The Steak n Shake Co.? To be sure, naysayers can find plenty of reasons to steer clear of Steak n Shake, which helps explain why shortsellers-investors who make their money when shares fall-have flocked to…
Indiana’s business community is divided in its support during this presidential election. Many Republicans are disenchanted,
which has contributed to slow contributions to their candidate, Arizona Sen. John McCain. But those looking to support Democrats
are torn this year, as the fierce competition between Clinton and Obama has made Indiana’s normally sleepy May primary a battleground.
The topic of health care sparked the most spirited comments from business leaders interviewed by IBJ ahead of the May 6 presidential
primary. When asked whether they thought Barack Obama or Hillary Clinton would be better for business, executives in manufacturing,
exporting, computer technology, logistics and education largely demurred.
In 2002, Indiana ranked an anemic 37th among all states in the amount of total venture capital investment. That year, California had 41 times the investment of Indiana on the basis of per dollar of gross state product. Indeed, few local entrepreneurs or finance professionals could identify more than a couple of Indiana-based VC funds. Few national venture funds even visited Indiana companies as they flew over the Hoosier state on their way between the coasts. As I learned while…
There are professions in which you are never noticed until you screw it up-the center of a football team when he snaps the ball over the quarterback’s head, the business assistant when he or she brings the wrong set of papers to the closing, and the bus driver who-after 20 years of safe driving-rear-ends the rock star’s limousine. Included in this list is the CEO of the Indiana Bureau of Motor Vehicles. Do you remember Joel Silverman, former commissioner of…
Eli Lilly and Co. this morning held a dedication ceremony for the last phase of its $1 billion biotechnology complex southwest of downtown Indianapolis. The latest addition is a 475,000-square-foot laboratory building. It will house nearly 500 Lilly scientists and support staff who are moving from an older building used to make propellers during World […]
Eli Lilly and Co. has been essentially treading water now for nearly 11 years. The company’s stock closed yesterday at a low the company hasn’t seen since June 5, 1997. Lilly shares dropped 74 cents apiece to close at $47.55. The last time Lilly shares closed lower, it still had patent protection on its antidepressant […]
Two of three local Eli Lilly and Co. employees plan to fan out across the Indianapolis area tomorrow to help clean and fix up the area. The pharmaceutical maker’s first Global Day of Service will involve 8,400 workers’ delving into projects that include planting trees, clearing weeds from parks and framing Habitat for Humanity houses. […]
A $1 million contribution by Forest Lucas has brought private-sector giving for Indianapolis’ 2012 Super Bowl bid to the $25 million goal. The owner of Lucas Oil Products Inc. spent $122 million for naming rights to Lucas Oil Stadium, which will replace the RCA Dome at the start of the Indianapolis Colts season this fall. […]
They say a picture says a thousand words. This one taken today of the 33 Indy Racing League drivers that qualified for the Indianapolis 500 in New York certainly does.
Granted, the drivers were…
Lilly Foundation is on a spending spree. The charitable arm of Eli Lilly and Co. announced today that it is giving $1.1 million to relief organizations working in China and Myanmar, both of which were hit by natural disasters this month. The gift announcement comes the day after the Lilly Foundation revealed a $1 million […]
In his second month as president of Eli Lilly and Co., John Lechleiter has ordered a reorganization to streamline the Indianapolis pharmaceutical maker. The changes will eliminate management layers and clarify roles and responsibilities in order to speed decision-making, Lechleiter said in a statement. Lilly spokesman Phil Belt the reorganization will result in few, if […]
For all the touting of higher television ratings, attendance and series Web site visits, there’s one glaring shortcoming that shows the Indy Racing League still has challenges.
Fourteen of the 33 cars that qualified…
Eli Lilly and Co.’s director of global security said in a company newsletter that he regrets that Lilly officials did not immediately report the discovery of an alleged noose hanging in a tree on its corporate campus in Indianapolis, according to a statement issued yesterday by a law firm that is suing Lilly for racial […]
Indiana and Purdue universities will create a new medical research program after receiving a $25 million grant from the National Institutes of Health, the universities announced today. IU and Purdue will launch the Indiana Clinical and Translational Sciences Institute to turn scientific and medical discoveries more quickly into better care for patients and into new […]
For Indiana’s life sciences companies to flourish, they need to get better at romance. Helping companies meet, greet, date
and deal is the idea behind a new Web portal being built by the Indiana Economic Development Corp. to match startups with
in-state vendors, suppliers, investors or people who can help them.
