Philanthropist, business leader Eccles dies at 76
Margot Lacy Eccles, a longtime Indianapolis philanthropist and business leader, died Monday at age 76, according to a statement from LDI Ltd.
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SPECIAL REPORT: Stock-based pay builds wealth for Indiana execs
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)
Typical CEO at public firm made $9.6M last year, study finds
Study that pegs Simon Property’s CEO as highest-paid finds executive compensation is soaring along with profit at public companies.
Mentors give entrepreneurs a business boost
Good mentors can make a world of difference to up-and-coming entrepreneurs. Countless business owners find themselves in need of a gut check from time to time and, these days, mentors are an essential part of their toolkit.
Airport authority trims executive ranks in cost-cutting move
The Indianapolis Airport Authority has eliminated three executive positions, a move its board president says reflects a return to a more conventional and efficient corporate structure.
Shareholder group advises against Simon CEO bonus pay
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.
Celadon Group names new chief financial officer
Celadon Group Inc. announced Monday that it has named Eric Meek as executive vice president, chief financial officer and treasurer, effective immediately, as part of a succession-planning process.
Airport’s ex-CEO lands job at Gary Chicago International
Former Indianapolis Airport Authority CEO John Clark has landed a six-month job in a business development role at Gary Chicago International Airport.
HealthNet names new president and CEO
The Indianapolis-based not-for-profit network of health care centers said J. Cornelius Brown, who arrives from Swope Health Services in Kansas City, Mo., will replace the retiring Booker Thomas.
Angie’s List COO joining One Click Ventures
Scott Brenton, the departing chief operating officer of Indianapolis-based Angie’s List Inc., is joining One Click Ventures LLC in Greenwood.
Compensation dips slightly for WellPoint brass
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.
Ex-airport CEO getting lofty departure pay
Globetrotting John Clark, who stepped down from his job March 19, will receive $270,000, plus unearned vacation days, as part of his severance package from the Indianapolis Airport Authority.
Local PNC Bank exec joining law firm Krieg DeVault
Stephen A. Stitle will leave the bank to come aboard the law firm as a partner on May 1. Stitle has spent a combined 17 years at PNC and National City Bank, which PNC purchased in 2008.
Deceased HHGregg chairman oversaw explosive growth
Jerry Throgmartin helped transform HHGregg from a local electronics retailer into a national player with more than $2 billion in revenue. He died over the weekend while visiting his ranch in Colorado.
Four area biz leaders to be inducted into hall of fame
Jim Irsay, Indianapolis Colts owner; Scott Dorsey, co-founder and CEO of ExactTarget; Cathy Langham, president of Langham Logistics Inc.; and Jerry Throgmartin, board chairman of HHGregg Inc. will join the Central Indiana Business Hall of Fame in February.
Forum Credit Union names new chief executive
The Fishers-based financial institution is turning to company veteran Doug True to help Forum rebound from a $2.8 million loss in 2010.
Gayle Cook tops list of richest Hoosiers
The widow of Bill Cook joined Dean White, Herb Simon and Jim Irsay on the annual Forbes 400 list of wealthiest Americans.
Irsay blazing a trail through Twitter
The Indianapolis Colts’ Jim Irsay is among only a handful of NFL owners tweeting and has three times as many followers as such high-profile owners as the Dallas Cowboys’ Jerry Jones. His offbeat tweets are seen as marketing genius by some. Others wonder if they ramble a bit too far out of bounds or undermine Irsay’s staff.
Fair trustee settles with local political groups
The settlements involve donations made by Tim Durham totaling $60,000 to the Marion County Republican Central Committee, Greater Indianapolis Republican Finance Committee and the Committee to Elect Lawrence Mayor Paul Ricketts.
Cummins CEO Solso retiring at end of year
Cummins Inc. says Tim Solso will retire as chairman and CEO at the end of the year. The 64-year-old Solso has led Cummins since 2000.