CEO Mark Comerford’s $1.46 million in total compensation in fiscal 2009 was nearly double Francis Petro’s pay the previous
year—even though the company’s revenue dropped 31 percent in the same period.
Indianapolis-based machine toolmaker’s CEO takes 63-percent compensation cut.
Converting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T. Boone Pickens says.
Lithium battery-maker will get incentives worth $53.1 million for expansion into Hancock County.
Some observers see a parallel to the state’s seeking Japanese investment following recession in the early 1980s.
Beleaguered Elkhart took another hit this week when Illinois-based Gunite Corp. announced plans to move 110 manufacturing
jobs to Rockford, Ill., and Brillion, Wis.