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.
Engine maker Cummins Inc. said the head of its engine business is leaving his role in March to pursue other projects at
the company. Jim Kelly joined the company in 1976 and was promoted to president of the engine business in
2005.
Community Health Network has chosen Anthony Lennen as president of Community Hospital South and Dr. Robin Ledyard as president
of Community Hospital East, the health care system announced this morning.
As a quiet person, I am not likely to intrude when I run across egregious wrongs. Most often I let dastardly deeds go without
comment. Someday, I hope, I will overcome this character defect and stand up in opposition to wrongdoers.
The folks who control executive compensation are often executives themselves. Boards must realize that their self-dealing,
self-benefiting ways are grossly out of line with the true value of one’s contribution to a business and society.
Within a month of joining the board of Evansville’s Integra Bank Corp. Mike Alley, former CEO of Fifth Third Bancorp’s central Indiana operations, had become Integra’s interim CEO.
Someone once told me it’s easy to run an organization when times are good.
It’s when times are tough that things get difficult. Well, we’re definitely there.
Hoosiers identify many factors contributing to our state’s long-term economic difficulties. It is fashionable to blame our
workers. It is easy to decry a lack of natural amenities: no mountains, no coral reefs. Our public schools are inferior and
perhaps our higher education is overrated. Our taxes are too high but we have substandard government services. We ain’t got
no culture. Rarely do we hear anyone say that our problem is management.
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.
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.
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.
Today, your team members are drowning in negativity and they need someone to inspire some hope into their day.
A methodical process is the right way to change CEOs, according to succession-planning experts. And Indiana needs more of
its major corporations to do so. A wave of aging executives is at or near normal retirement age–in Indiana and nationwide.
How well those companies’ CEOs pass the baton will have a big impact on their companies’ futures.
The Indianapolis Colts' evolution from perennial patsy to Super Bowl favorite is a body of work with a seldom-told—and often misunderstood—history. It's easy to see the hues all-pros Peyton Manning, Marvin Harrison and Edgerrin James painted on this masterpiece season. President Bill Polian and Coach Tony Dungy certainly colored the landscape. And Offensive Coordinator Tom Moore added his creativity. But theirs aren't the only signatures on this canvas.
