Incoming HHGregg CEO: ‘We need to stay humble’
Dennis May, 41, slated to take over as HHGregg CEO in August, vows to continue growing what is already the nation’s largest
regional electronics player.
Executives
Articles
Excitement, perspective in Tanzania
Janie and I recently returned from a photographic safari in Tanzania with our children and their spouses.
Durham insider deal sparks outcry
Tim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.
Lilly relying on technology to spot management talent
An electronic succession-planning system created by Eli Lilly & Co. about seven years ago is sniffing out top talent.
How to innovate your way out of this recession
It doesn’t matter what industry you are in or how well you have prepared–we will all be affected by what has taken place
in the financial markets over the past several months.
Simons don’t need our financial help
The most important piece of leverage Mayor Ballard has in negotiating with the Pacers is being willing to let them go.
Corporate shareholders should demand more
Free marketers cringe at the thought of government interference, but the fact is that the taxpayer is now a significant shareholder in a number of financial businesses.
Mall giant says it’s in good shape, but takes steps to conserve cash
Despite assurances of strength, Simon Property Group Inc. has decided to pay 90 percent of its dividend in stock, a move that allows the company to hold onto $925 million in cash this year but could alienate shareholders drawn by the dividend.
Katterjohn’s optimism is uplifting
I think it is so important to remind people that the one thing we have control of is our attitude. I think you conveyed that
beautifully.
IU scores with ‘Philanthropy 50’ gifts
Two Indiana businessmen, Michael Maurer and the late Jesse Cox, made the Philanthropy 50 with enormous gifts to Indiana University in 2008.
Lyon takes Finish Line helm as shoppers cut spending
Glenn S. Lyon, the new head at The Finish Line Inc., has plenty to tackle. Traffic is down at Finish Line stores, sales have slowed and competitors are slashing prices.
Women are top leaders in Hoosier public health posts
Dr. Judith Monroe, Dr. Virginia Caine and G. Marie Swanson are three local women who have risen to leadership positions
in the health care community.
Chicago’s Jones Lang LaSalle attracts talented local brokers to establish Indy branch
Some of the city’s most prominent commercial real estate brokers have resigned from locally owned Meridian Real Estate to
launch an Indianapolis affiliate of Chicago-based Jones Lang LaSalle.
State public company execs grab up stock as prices fall
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana
public companies to scoop up shares in their own companies.
Duke founder Wynne loses out using company stock as collateral
Retired businessman John Wynne, one of the founders of Duke Realty Corp., is the latest executive to get burned after using
company stock as collateral for a multimillion-dollar loan in his investment account.
Steak n Shake CEO ordering up cost cuts, but shares still sag
The Steak n Shake Co. has dropped plans to build 20 new restaurants, is cutting overhead expenses by about $20 million,
and closed 14 locations. The Indianapolis-based restaurant chain found $16 million in tax savings dating
back to 2006 and is working on a new, simple menu built around burgers, fries and milkshakes–all part of
a turnaround plan orchestrated by the chain’s new CEO, Sardar Biglari.
Emmis’ market value in free fall as radio industry takes beating
For more than two years, Smulyan, 61, has been unflaggingly optimistic during quarterly conference calls. But since early 2007, Emmis’ stock has fallen 84 percent, shrinking the company’s stock market value from $307 million to $48 million. The troubles have cast uncertainty over one of Indianapolis’ highest-profile businesses.
HHGregg tuned into growth
Undeterred by a rocky economy, locally based electronics retailer HHGregg is trailblazing into new markets on a quest to quadruple
in size. The firm’s “price and advice” mantra seems to be catching on. That’s no surprise to Jerry Throgmartin, a 33-year
veteran of Gregg who has served as the company’s chairman and CEO since 2003.
At most Indiana public firms, CEO pay hasn’t fallen with stock
Most public companies say they tie executive compensation to performance, but an IBJ review of pay data from 65 Indiana-based
firms shows otherwise. Last year, more than two-thirds of Indiana-based public companies saw their share prices decline, yet
many continued to award eye-popping compensation to their executives.
Texas investor enlists former Steak n Shake exec in quest to revive chain
Two executives with longtime ties to The Steak n Shake Co. have joined a dissident Texas investor in his quest to overhaul
the Indianapolis-based restaurant chain. Shareholders who have agreed to work with Sardar Biglari include a former board member
the company once described as a “modern-day founder” of the restaurant chain, along with a former partner in Kelley & Partners
Ltd., the investment firm led by company patriarch E.W. Kelley before his 2003 death.