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ITT paid for feds’ aggression: Sweeping probe didn’t lead to charges against firm, top execs

July 4, 2005

On a chilly winter morning 16 months ago, federal investigators converged on ITT Educational Services Inc.’s Carmel headquarters and 10 of its 77 campuses, gathering documents in a high-profile raid that rattled investors and sent the company’s shares into a free fall. Now, the U.S. Attorney’s Office in Houston, which obtained the search warrants authorizing the raid, acknowledges its sweeping criminal probe failed to turn up evidence that would justify charges against the company or its top brass. The turnabout,…

BEHIND THE NEWS: Guidant’s woes turn J&J deal into game of chance

July 4, 2005

Just a few months ago, some analysts were grumbling that Guidant Corp. was selling to Johnson & Johnson for too low a price. Why did Guidant accept $76 a share, they wondered, when on its own the company might be on its way to $80 or even $90? Guidant CEO Ron Dollens’ response: That’s possible, but the medical device field is fraught with risks and uncertainties. Given that, he told IBJ in December, $76 a share, or a total of…

Taking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development race

June 27, 2005

IBJ: Is Indiana gaining ground against other states in the race to grow as a life sciences hub? What are some specific benchmarks that underscore your opinion? JOHNSON: Indiana is gaining ground, but Indiana already starts on really very substantial ground. There are a lot of outside validations of that and I think it’s important for this audience to hear a couple of them because there is nothing like having people on the outside pay attention to what we’re doing…

SPORTS: The game is on: Academics vs. big-dollar sports

June 20, 2005

Give NCAA President Myles Brand and his Task Force on the Future of Intercollegiate Athletics their due. If you will pardon both the pun and the clichÃ©, they’re going to give it the old college try. Putting the paste back into the tube won’t be easy. It will require a dramatic change in our sports culture-American in general, on campus in particular-to view intercollegiate athletics by any measure other than the one posted on the scoreboard. That is especially true…

Charitable sector rides on road to recovery: Giving makes big jump for the first time since 2000

June 20, 2005

Americans gave more money to charity last year than ever before, signaling a return to the pre-9/11 philanthropic heyday. Contributions were up 5 percent, to $248.5 billion-the first significant increase after adjusting for inflation since 2000. “Things have been kind of flat,” said Eugene Tempel, executive director at the Center on Philanthropy at Indiana University. “This … tells us things are getting a little stronger. This is a good sign.” Researchers at the center compile data each year and write…

NOTIONS: Standing face to face with the end of the universe

June 20, 2005

Editor’s note: Bruce Hetrick this month won first place for best bylined commentary in a national competition conducted by the Alliance of Area Business Publications. The winning entry, about Hetrick’s wife, Pamela Klein, was first published in IBJ on March 1, 2004. It is reprinted here. Klein died March 5, 2005. It’s Saturday morning. I’m sitting on the window ledge in my wife, Pam’s, room at Methodist Hospital. Outside, the February sky is as gray as my spirit. While Pam…

Rose-Hulman looks ahead: Search for new president could take a year

June 20, 2005

But trustees currently have a higher priority: Let the dust settle. “It’s only been a couple of days,” said Rose-Hulman Chairman Robert Bright. “Nothing’s been established for sure yet.” It took the Terre Haute engineering school 10 months to find and narrow the field of 60 candidates that produced Midgley-nearly the length of his presidential stint. Most expect the search for his successor to last at least as long. In the meantime, Rose-Hulman has a more pressing task. It must…

TAWN PARENT Commentary: This is no time for Hoosier hysteria

June 20, 2005

Some big decisions this spring have not made me particularly proud to be a Hoosier or a resident of Indianapolis. Sure, we got funding for a new stadium and a convention center expansion. That will bring more visitors to our community, and it says we care about sports and tourism. And glory hallelujah! We finally got daylight-saving time, the economic benefits of which are unproven. That says we care about being like everyone else, whether it makes any sense or…

RETURN ON TECHNOLOGY: If you’ve got the culture, you can share knowledge online

June 13, 2005

There’s a new buzzword just aching to make its way into your vocabulary. It’s “distributed cognition.” It means two or more heads are better than one. Nobody knows everything, so it’s a good idea to hook everybody together in big webs of knowledge. For many knowledge-management vendors, it’s a recycling of their sales pitches for knowledge bases and the like. The theory is that if you can get everybody busily contributing knowledge to an online location where others can use…

Company helps keep students on course: College Network offers college-study assistance

June 6, 2005

There may be no shortcuts to a college education, but Indianapolis-based The College Network says it can offer some passing lanes for working people who want to add to their professional credentials. The College Network, 3815 River Crossing Parkway, Suite 260, is a nationwide business that publishes educational materials for adult students who want to earn an undergraduate degree, graduate degree or professional certification in their current field. TCN is not a school and does not provide degrees itself, but…

Schools face prevalence of online plagiarism: Educators try to thwart growing cheating problem as Web sites make it easy for students to purchase papers

June 6, 2005

Cheaters beware. High schools and universities are turning up the heat on students who pilfer information for research papers or book reports. The term plagiarism originated from the Latin word plagiarius, which meant kidnapper, and has existed for centuries. But the creation of the Internet has made it much easier to lift published material without crediting the source. With a few clicks of the mouse, students simply can “cut and paste” the information they need. Or, for a fee, they…

ECONOMIC ANALYSIS: With growth at both ends, job spectrum requires skill

May 30, 2005

When you study economic statistics for a living, it’s easy to lose perspective on a lot of things. Take the labor market, for instance. In any given month, millions of American workers are hired and fired, promoted, demoted and transferred. Some drop out of the labor force to raise children or to go to school, while others retire altogether or begin new careers. When the smoke clears after all those changes, the statisticians in Indiana and in Washington tally it…

Michigan Road project features upscale shops: Smaller version of CafÃ© Patachou planned for property

April 25, 2005

Developers of a small parcel of property on the northwest side are creating a courtyard of quaint shops that will feature an offshoot of the CafÃ© Patachou boutique restaurant. Daniel Altman and his wife, Colleen, bought the piece of land at the corner of 51st Street and Michigan Road last year and opened the upscale Catalpa Antiques & Objects in the historic home that sits on the property. Once completed, the Catalpa Place development will include five shops within a…

City ups charter aid: Loan program to help schools land financing for facilities

April 18, 2005

Indianapolis leaders are lending a helping hand-and the city’s strong credit rating-to charter school operators intent on building a different kind of educational environment, often from scratch. Charters receive tuition support payments from the state, but unlike other public schools, they do not get any tax revenue for their buildings. “The facility issue is a big issue,” said Mayor Bart Peterson, the only municipal leader in the country with the power to grant charters. “If we are committed to seeing…

BEHIND THE NEWS: Great Lakes board battled for sweet price from suitor Bulriss not talking Legal costs singe ITT

April 18, 2005

Great Lakes Chemical Corp. shareholders have had a lot to feel disappointed about in recent years. But there’s no way they can feel let down over the board’s handling of the company’s $1.5 billion sale to Connecticut-based Crompton Corp. A new regulatory filing shows directors of Indianapolis-based Great Lakes went to extraordinary lengths to extract every penny possible from Crompton before sealing the sale March 8. A blow-by-blow account contained in the filing shows the Great Lakes board first began…

Banker fits bill at art museum: Ex-Bank One CEO O’Connor leads facility through final stages of $74M expansion

April 11, 2005

Just over a year after retiring from the top position at central Indiana’s largest bank, former Bank One of Indiana CEO Lawrence A. O’Connor Jr. found himself giving up his newfound freedom to run another big business-the Indianapolis Museum of Art. Making the jump from financial services to arts and culture might seem unlikely, but O’Connor, who’s been serving as IMA’s interim executive director since November, finds himself at home running Indianapolis’ largest arts-related not-for-profit. “This is a wonderful place,”…

Are you tough enough?: Women learn how to be hardy so they can compete with the guys in any field of endeavor

April 11, 2005

Dr. Mary Reilly sometimes gets emotional on the job. But the emergency physician also knows how to turn it off. “In the middle of a ‘code,’ I can’t be breaking down in tears,” said Reilly, who works with Indianapolis-based St. Vincent Emergency Physicians Inc. “I put a wall up in some situations and try not to think about these people as people. That’s the only way emotionally I can get through [it].” Reilly is among the many women who’ve learned…

Sweet Spot: Local philanthropists plan $15M chocolate facility on Indianapolis’ north side

March 28, 2005

Local philanthropists plan $15M chocolate facility on Indianapolis’ north side Two local philanthropists have bought 51 percent of Endangered Species Chocolate Co., based in Talent, Ore., and plan to move production of the company’s gour met dark chocolate to Indianapolis. Randy Deer and Wayne Zink, founders of the Back Home Again Foundation, paid $3 million in January for majority control of Endangered Species and plan to invest another $15 million in a manufacturing facility and new marketing strategy. “We wanted a…

VOICES FROM THE INDUSTRY: There are reasons for rising school construction costs More technology More sports

March 28, 2005

Public school officials around the state have received sharp criticism in recent years for authorizing construction that critics decry as ostentatious and excessively expensive. Chief among the targets, but not exclusively, are athletic facilities that are often perceived as superior to all but the largest of our NCAA Division I colleges and universities. Without taking sides in the fray, I would simply remind everyone that K-12 education is basically a community function driven by local decisions. The bulk of the…

Indiana State Bar Association embraces construction: Organization starts Construction and Surety Law section to help lawyers who work in building-related fields

March 28, 2005

A new section of the Indiana State Bar Association is a little out of the ordinary. The Construction and Surety Law section, which went into operation last fall, focuses on a specific industry instead of a specialized area of the legal practice, such as liability or contract law. This approach is pretty uncommon for state bar associations, Indiana State Bar Association officials said. “This section represents the cutting edge for bar membership,” said Section Vice Chairman David J. Theising, a…

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Articles

ITT paid for feds’ aggression: Sweeping probe didn’t lead to charges against firm, top execs

BEHIND THE NEWS: Guidant’s woes turn J&J deal into game of chance

Taking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development race

SPORTS: The game is on: Academics vs. big-dollar sports

Charitable sector rides on road to recovery: Giving makes big jump for the first time since 2000

NOTIONS: Standing face to face with the end of the universe

Rose-Hulman looks ahead: Search for new president could take a year

TAWN PARENT Commentary: This is no time for Hoosier hysteria

RETURN ON TECHNOLOGY: If you’ve got the culture, you can share knowledge online

Company helps keep students on course: College Network offers college-study assistance

Schools face prevalence of online plagiarism: Educators try to thwart growing cheating problem as Web sites make it easy for students to purchase papers

ECONOMIC ANALYSIS: With growth at both ends, job spectrum requires skill

Michigan Road project features upscale shops: Smaller version of CafÃ© Patachou planned for property

City ups charter aid: Loan program to help schools land financing for facilities

BEHIND THE NEWS: Great Lakes board battled for sweet price from suitor Bulriss not talking Legal costs singe ITT

Banker fits bill at art museum: Ex-Bank One CEO O’Connor leads facility through final stages of $74M expansion

Are you tough enough?: Women learn how to be hardy so they can compete with the guys in any field of endeavor

Sweet Spot: Local philanthropists plan $15M chocolate facility on Indianapolis’ north side

VOICES FROM THE INDUSTRY: There are reasons for rising school construction costs More technology More sports

Indiana State Bar Association embraces construction: Organization starts Construction and Surety Law section to help lawyers who work in building-related fields