Police reviewing death of Tomisue Hilbert’s mother
Information that could prove her death was not an accident has surfaced during civil proceedings involving a life insurance
policy.
Executives
Articles
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.
Bioanalytical Systems names new chief executive
West Lafayette-based Bioanalytical Systems Inc. has promoted Anthony S. Chilton to CEO following the retirement of top executive
Richard M. Shepperd earlier this year.
Unorthodox pay package puts Biglari on defensive
Sardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style
compensation plan for himself late last month that could put staggering sums in his pocket.
Biglari Holdings targets auto-parts chain
The parent company of Steak n Shake restaurants is angling to acquire a huge stake in the Advance Auto Parts chain.
Tomisue Hilbert investigates mother’s death, $15M insurance policy
The wife of Indianapolis businessman Steve Hilbert is working with a team of attorneys to determine whether her deceased mother’s
estate can claim the benefit of a life insurance policy issued by Houston-based American General Life Insurance Co.
LEADING QUESTIONS: Real estate maven keeps even keel
In IBJ's new video feature offering management wisdom, Jeff Henry
of commercial real estate brokerage Cassidy Turley reveals how to keep your staff cool when the heat is on.
Simon mansion in Bel Air on market for $50M
The 20,000-square-foot estate is in the ritzy neighborhood’s most prestigious area,
and boasts eight bedrooms and 16 bathrooms.
Indianapolis Colts owner Irsay appears in Toyota TV commercial
The TV ads are being launched as the Japanese car maker tries to recover from the public relations hit it took following a
massive recall earlier this year.
Hoosier entrepreneurs make magazine’s billionaires list
Bill Cook, Dean White, Jim Irsay and Herb Simon have made Forbes magazine’s annual list of the richest people
in the world.
WellPoint CEO blames health costs for hikes
Amid attacks from Democrats over high executive salaries, Angela Braly testified in Washington, D.C., on Wednesday that big
insurance-premium increases are
the result of growing price tags for hospital care and pharmaceuticals.
A closer look at WellPoint’s health insurance profits
At the heart of the debate is the question of what should be a fair profit for health insurers. WellPoint CEO Angela Braly
will likely be grilled on the issue when she appears at a Congressional hearing Wednesday.
Herb Simon purchases Kirkus book review journal
In a move not necessarily stranger than fiction, Herb Simon has bought Kirkus Reviews, the venerable journal of prepublication
book reviews. The owner of the Indiana Pacers co-owns an independent bookstore in California and is described as a voracious
reader.
Steak n Shake changing its name, moving HQ to Texas
Indianapolis is on the verge of losing one of its most prominent public companies. The Steak n Shake Co. is planning to
change its name to Biglari Holdings Inc. and move its headquarters to San Antonio. The Steak n Shake restaurant chain would retain a presence in Indianapolis.
Tony George folds racing team, dismisses staff
Unable to raise the $1.5 million to $3 million needed to operate an Indy Racing League team this year, Tony George folded
Vision Racing this morning.
Bioanalytical Systems’ CEO announces retirement
Struggling West Lafayette life science contract research firm will search nationally for a new permanent leader.
Steak n Shake slashes restaurant spending as CEO hoards cash
From 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment
for existing
ones. In 2009, the locally based
chain spent just $5.8 million.
Indiana bank CEOs get bigger pay hike than peers
For banks, the last two years have been among the most tumultuous in history. Financial institution CEOs across the country
responded by trimming their raises in 2009. But in Indiana, bank chiefs didn’t follow form.
Some U.S. charity executives shared the pain in 2008
Some—but not all—not-for-profit executives took pay cuts in 2008, according to the Chronicle of Philanthropy’s
annual salary survey.
WellPoint insiders sell stock at right time
Take the money while it’s there. That’s what a handful of insiders at WellPoint Inc. decided in
the past month as they sold off nearly 150,000 company shares for gains of more than $3 million.