PROXY CORNER: Eli Lilly and Co.
Eli Lilly and Co., Lilly Corporate Center, Indianapolis, 46285 (www.lilly.com) discovers, develops, manufactures and sells pharmaceutical products for humans and animals.
Executive pay
Articles
New federal rules prompt ITT to change bonus-pay criteria
The Carmel-based for-profit educator still will pay its top executives bonuses, but they’ll no longer be tied to school enrollment, the company said Tuesday in a proxy filing.
Most not-for-profit execs modestly paid, survey says
Local consultants Bryan Orander and Jim Morris conducted the survey this summer to fulfill what they see as a lack of hard data on executive pay in the local not-for-profit sector.
Biglari’s revised incentive package approved by shareholders
After criticizing an earlier pay proposal, 82 percent of Biglari Holdings’ shareholders approved a scaled-back bonus agreement for their CEO.
Biglari adjusts controversial pay proposal
The parent company of Steak n Shake restaurants has scaled back a controversial pay package for its CEO in hopes of securing shareholder approval of the plan at a rescheduled special meeting.
EDITORIAL: Executive pay policies, not salaries, need reform
In the wake of a recession blamed largely on Wall Street, boards need to act. But reducing executive pay shouldn’t
be their primary objective.
Soft Landing: Pay slipped for most execs in 2009, but cuts weren’t deep
Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
Interactive Intelligence performance lifts CEO’s pay
CEO Donald Brown saw a 32.4-percent increase in total compensation last year as the software-maker's shares soared 169
percent.
Kite Realty Group slashes CEO’s pay 44 percent
John A. Kite’s total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
Brightpoint cuts CEO’s pay by almost 35 percent
Robert J. Laikin earned $2.2 million in 2009, nearly 35 percent less than in 2008. Several other members of his management
team also took
substantial pay cuts.
Conseco trims CEO’s pay but gives exec team raises
James Prieur’s total compensation fell 5 percent last year to $3.3 million, but other Conseco executives saw pay hikes between
25 percent and 54 percent.
Severance boosts pay of former Duke Realty exec
Duke Realty’s former chief operating officer took home $3.1 million last year. The office, industrial and retail property
owner and manager
also awarded raises to its CEO and the rest of his management team.
Simon Property hiked CEO’s pay 34.7 percent last year
David Simon’s $4.6 million in total compensation last year was $1.2 million more than in 2008. The rest of his management
team’s pay declined or remained flat.
Cummins cuts CEO’s pay by nearly one-quarter
Columbus-based engine maker Cummins trimmed Solso’s total compensation by $2.3 million last year; remainder of management
team took
similar pay cuts.
Old National cut CEO’s pay 10.6 percent last year
The Evansville-based bank, the largest financial institution headquartered in Indiana, awarded Robert Jones $1.2 million in
total compensation last year, or $146,177 less than in 2008.
ITT Educational awards top managers substantial raises
The Carmel-based for-profit educator paid CEO Kevin M. Modany $7.6 million in total compensation last year, a 63-percent increase over 2008. And the rest of his management team all enjoyed pay increases of 45 percent or more.
Lilly awards pay increases to top executives
Eli Lilly and Co. CEO John Lechleiter’s total compensation increased $4.1 million in 2009.
Haynes pays CEO almost twice as much as predecessor
CEO Mark Comerford’s $1.46 million in total compensation in fiscal 2009 was nearly double Francis Petro’s pay the previous
year—even though the company’s revenue dropped 31 percent in the same period.
Steep sales decline forces Hurco to slash executive pay
Indianapolis-based machine toolmaker’s CEO takes 63-percent compensation cut.