WellPoint exec Carlson leaving insurer after losing CEO bid
Former Amerigroup Corp. CEO James Carlson will leave WellPoint Inc., the company said Friday—three days after he was passed over for the Indianapolis-based insurer’s top job.
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Executives’ transitions to not-for-profits often awkward
Small not-for-profits’ strategy of recruiting big-business executives for top posts has had mixed results since coming into vogue in the 1990s. For some of the executives, the transitions is a culture shock.
Witnesses: Don Marsh’s expenses never questioned
Lawyers for the former CEO of Marsh Supermarkets on Thursday hammered home their claims his expenses were widely accepted in the company as normal business costs, while witness testimony revealed a corporate culture that passed the buck on evaluating those costs.
WellPoint shares tumble on surprising CEO hire
The Indianapolis-based health insurer saw its stock tumble as much as 4.8 percent Wednesday morning after it unexpectedly named career hospital executive Joe Swedish to be its next CEO.
Defense attorneys turn tough in Bales trial
The legal team representing real estate broker John M. Bales and partner William E. Spencer haven't called their first witness and already they're putting up a spirited fight as federal prosecutors seek to prove 13 charges including bank, mail and wire fraud.
Developer loses fraud appeal
The Indiana Court of Appeals affirmed Christopher White’s 2009 conviction, resulting from a $500,000 bad check he wrote as he tried to save his real estate development firm.
2012 NEWSMAKER: CEO keeps Simon stock surging
If there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
Former brokerage VP suing for sex, age discrimination
Attorneys for Dana Hurst say in a Dec. 20 court filing that David A. Noyes & Co. didn’t grant her pay increases or year-end bonuses during her last 15 years on the job, while male counterparts were better rewarded.
REWIND: IBJ’s top 10 business stories of 2012
The state's labor landscape changed, and the housing market improved. Indianapolis basked in the glow of a flawless Super Bowl, and big-name CEOs were shown the door. IBJ's reporters and editors recall the year's biggest stories.
Former IPL president, civic leader Humke dies
Ray Humke, 80, served as president of Indianapolis Power and Light Co. from 1990 until he retired in 2001. He died Tuesday following a brief illness.
Cheerleading CEO to become chief at Herff Jones
The founder of a cheerleading-supply company will become the next CEO of Indianapolis-based Herff Jones Inc., one of the city's largest private companies.
Local Easter Seals CEO to retire after 32 years
James Vento, president and CEO of Easter Seals Crossroads, is retiring after 32 years at the helm of the Indianapolis-based agency, the not-for-profit said Wednesday.
Evans to lead AIT again as CEO leaves company
Ron Thieme, who took over as president and CEO of AIT Laboratories during a management shakeup earlier this year, is leaving the company, the Indianapolis-based firm announced Monday morning.
Cook again tops list of richest Hoosiers
The widow of medical device pioneer Bill Cook ranks 104th with a net worth of $3.7 billion. Other Hoosiers to make the Forbes 400 list were shopping mall magnate and Indiana Pacers owner Herb Simon, hotel developer Dean White and Indianapolis Colts owner Jim Irsay.
Vera Bradley co-founder announces retirement
Vera Bradley Inc. co-founder Patricia Miller says she will retire from the Indiana-based handbag and luggage maker she helped start in 1982.
WellPoint CEO’s critics suggesting replacements
Another plea for the ouster of WellPoint CEO Angela Braly is spurring discussions among investors and analysts about a replacement. Top suggestions include James G. Carlson, the chief of Amerigroup Corp., and David B. Snow Jr., the former chief of Medco Health Solutions Inc.
Six BrightPoint execs to share $31M golden parachute
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.
Simon Property directors sued over CEO’s pay
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.
Report: Purdue ex-president Cordova to get $500K bonus
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.
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.