HHGregg snags new exec from New York chain
The appliance and electronics retailer has hired its fourth chief merchandising officer in about three years, snagging a veteran executive who will move on from a much smaller chain.
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Steak n Shake profit falls as franchised restaurants grow
The Indianapolis-based burger chain’s smaller annual profit resulted from an ongoing effort to increase the company’s number of franchised restaurants, with plans to open units as far away as the Middle East.
Lawyers branch out as business execs, entrepreneurs
Sometimes attorneys aren’t completely satisfied with their high-pressure day jobs. Many start unrelated businesses like bakeries, vineyards, breweries and clothiers as an escape, or even a new career.
UPDATE: Angie’s suitors could include Amazon, Yelp, IAC
Amazon has been developing its own local services marketplace. Yelp is the leading consumer-review service in the retail space. Website Holding company IAC, meanwhile, has a big stash of cash and owns competitor HomeAdvisor.com.
Conversations with a spectrum of big thinkers
Welcome to IBJ’s inaugural Interview Issue, featuring dozens of Indy bigwigs and up-and-comers. Which top banker escaped a tough neighborhood? How does a Democrat exist in an ecosystem of conservative talk radio? Who launched a soccer team and invented Schlabst? Check it out.
ITT Educational CEO signals resignation amid stock freefall, federal scrutiny
Carmel-based ITT Educational Services Inc. announced late Monday afternoon that CEO Kevin Modany planned to resign within six months. The struggling for-profit education firm has drawn scrutiny from government officials for its marketing and lending practices.
Digital detox: More executives want break from 24-hour connectivity
A growing number of people are seeking a kind of digital detox at least once a year, but many still resist the idea. According to Wired magazine, less than 10 percent of all Americans unplug—even for one week a year,
ExactTarget acquisition boosted Indy’s tech mojo, local execs say
Near the first anniversary of ExactTarget’s $2.5 billion purchase by Salesforce.com, local tech gurus explain how the acquisition lifted all ships by bringing new prestige, investment and expertise to the city.
Lab software firm raises $8.5M, names new CEO
A San Diego venture capital firm has made a big bet on Indigo BioSystems Inc., which just installed its founder as the new chief executive.
Longtime exec now in driver’s seat at marketer ExactTarget
Company observers praised the elevation of Scott McCorkle to CEO for his combination of tech smarts, people skills, and experience with international operations.
CEO pay at public companies crosses $10M mark
Propelled by a soaring stock market, the median pay package for a chief executive of a typical large public company rose above eight figures for the first time last year, an increase of 8.8 percent from 2012.
Executive pay continues on upswing
The median senior executive collected $923,705 in salary, stock or stock options, incentive pay and perks in 2013, IBJ found in a review of proxy statements at 64 companies.The median compensation rose 20 percent from 2012 and doubled since 2006.
Exec from struggling RadioShack joins HHGregg
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.
Lilly to pay dearly for Novartis animal health biz
Wall Street analysts raised their eyebrows at the hefty price Eli Lilly and Co. will pay to acquire Novartis Animal Health, when compared to the value of the biggest player in the field.
Deca Financial to wind down after trustee opts for liquidation
The Fishers debt collection agency had been forced into bankruptcy by creditors. On Monday, a judge approved a request to terminate the once-promising firm.
Florida rival scoops up another ex-BrightPoint executive
A competitor that once feuded in court with BrightPoint Inc. over the recruitment of executives has hired another top officer from the mobile-phone distribution and logistics company now known as Ingram Micro Mobility.
Option grant lifts compensation for Angie’s List’s Oesterle
Stock options accounted for the biggest chunk of the CEO’s compensation. Their value will depend on the company’s future stock performance.
Regions revamps Indiana territory as regional banks reshuffle
A second regional bank in the metro area in as many months has announced a change in its state leaders and area boundaries.
WellPoint CEO lands nearly $17M in first year
Compensation for Joe Swedish included $4.1 million in perks, such as $3.8 million he would have received in his previous job, $79,000 in relocation expenses, and $82,000 for his legal fees from contract negotiations.
Simon plucks in-house execs for spinoff firm
Simon Property Group Inc. is reaching into its own stable of executives to stock the C-suite of its publicly traded spinoff for retail strip centers and smaller enclosed malls.