The lead lawyer for Marsh Supermarkets Inc. expects to call Don Marsh as its first witness when the civil trial against him reconvenes Tuesday. The grocery chain alleges that the former CEO used company funds to pay more than $3 million in personal expenses.
Citizens Energy Group—a not-for-profit, public charitable trust—doubled its size last year with its $1.9 billion purchase of the city’s water and sewer utilities last year. It also doubled the pay of CEO Carey Lykins.
Brightpoint Inc. CEO Robert Laikin stands to receive $14.1 million after his company is acquired by Santa Ana, Calif.-based Ingram Micro Inc., say SEC documents released this week.
The board of the largest U.S. shopping-mall owner wrongfully authorized a compensation package for CEO David Simon that included $120 million in special stock awards, a Louisiana pension fund claimed in the lawsuit filed Wednesday.
Former Purdue University President France Cordova is getting nearly $500,000 and reaping other financial benefits under a separation agreement approved by the school's board of trustees.
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)
Study that pegs Simon Property’s CEO as highest-paid finds executive compensation is soaring along with profit at public companies.
Simon Property Group Inc. is firing back at a corporate governance advisory firm that has recommended Simon shareholders vote against an employment agreement for CEO David Simon that includes a $120 million retention award.
David Simon must remain CEO of Indianapolis-based Simon Property Group for at least six years to see any of the $120 million in special stock awards the company’s board of directors awarded him last year, and must stay on eight years to reap the full amount.
Angela Braly, CEO of the Indianapolis-based health insurance company, received total compensation of nearly $13.3 million, down 1.5 percent from the $13.5 million she made the previous year.
Indianapolis Power & Light chief Ann Murtlow left the utility this spring under terms of a separation agreement that would have entitled her to at least $404,410, according to documents the utility filed Nov. 3 with the Securities and Exchange Commission.
Purdue University said Thursday the increase will boost President France Cordova’s salary by $15,750, bringing her annual base pay to $465,750.
Partners at Indianapolis’ three largest law firms—Barnes & Thornburg LLP, Baker & Daniels LLP and Ice Miller LLP—are enjoying healthy pay increases despite the tough economic times.
Indianapolis-based Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the largest U.S. mall owner for the next eight years—and give him a one-time award worth $120 million.
Total executive compensation at Indiana’s largest public companies continued to rise sharply coming out of the recession, even though many of them have yet to erase the red ink in their shareholders’ portfolios.
Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database.
Shareholders of WellPoint Inc. approved on Tuesday the hefty pay packages of the company’s executives and voted for the right to weigh in annually on future executive compensation.
The Association of BellTel Retirees Inc. will press the board of Verizon Communications Inc. to tighten standards for executive pay when the New York company holds its annual meeting in Indianapolis this week.
Citizens Energy Group CEO Carey Lykins’ 2010 pay package, salary and bonus, totaled $1.6 million, more than his counterparts at the three largest municipal gas utilities in the country.
The Carmel-based life and health insurer more than doubled CEO Jim Prieur’s compensation, and also gave increases ranging from 44 percent to 89 percent to other top executives.
