Pay for CEOs at big public companies rose 17% in 2021 as profits soared
Last year’s leap for median pay of S&P 500 CEOs was the biggest since a 23.9% surge for 2010 compensation packages, according to the data analyzed by Equilar.
Associated Press
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Big tech deals keep coming: Broadcom buys VMware for $61B
With the perceived value of tech companies on the decline, at least for now, more buyouts could be on the way with targeted companies appearing relatively cheap.
With Indianapolis 500 at full throttle, business is booming again
Locals don’t need studies to reinforce what they already know—this month is revving up to be the best fiscal May since the 100th running of the race in 2016.
Penske ready for 300,000 guests in a full-capacity Indy 500
Roger Penske will at last be able to open the Indianapolis Motor Speedway to a capacity crowd this Sunday for his first true Indianapolis 500 since buying the property in 2020.
Indiana governor eyes ‘inflationary relief,’ not gas tax cut
Indiana Gov. Eric Holcomb said Wednesday he was preparing a plan to potentially tap into the growing state budget surplus to help residents with the national inflation jump.
Congressional Budget Office says inflation to last into 2023
The nonpartisan agency expects the consumer price index to rise 6.1% this year and 3.1% in 2023, above a long-term baseline of 2.3%.
Fed officials signal rates might head to ‘restrictive’ levels
Federal Reserve officials agreed when they met earlier this month that they may have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which is near a four-decade high.
FDA chief struggles to explain slow response on baby formula
The FDA and President Joe Biden face mounting political pressure to explain why they didn’t intervene sooner to head off the supply crisis.
Gainbridge extends deal as presenting sponsor of Indy 500
The Indianapolis 500 will be presented by Gainbridge for the next several years under a contract extension announced Wednesday with the online investment platform.
Indiana Fever fire Stanley as coach after 2-7 start
Marianne Stanley brought a Hall of Fame resume to the Fever bench, but her teams won just 14 games in a little more than two seasons.
Social media hammered by mounting questions over advertising
Social media companies are competing for the same pool of advertising money that is increasingly under threat from spiking inflation and also changes at Apple Inc. that can restrict the information social media platforms can collect on users, a big selling point for advertisers.
NCAA survey shows mental health still concern for athletes
A survey of college athletes by the Indianapolis-based NCAA suggests that rates of mental exhaustion, anxiety and depression remain as much as twice as high as pre-pandemic levels, but feelings of hopelessness have improved.
Indiana lawmakers override governor’s veto of trans sports bill
State senators voted 32-15 in favor of overriding Gov. Eric Holcomb following the same action in a 67-28 vote by the House earlier in the day.
Local Big Brothers Big Sisters group gets $2.9M of blockbuster gift
Billionaire philanthropist MacKenzie Scott has given $122.6 million to Big Brothers Big Sisters of America, which includes $2.9 million for the local arm of the youth mentoring organization.
Poll: U.S. economy bigger priority than punishing Russia
While broad support for U.S. sanctions has not faltered, the balance of opinion on prioritizing sanctions over the economy has shifted, according to the poll from The Associated Press-NORC Center for Public Affairs Research.
Hyundai recalls 239,000 cars for exploding seat belt parts
Regulators said that the driver’s and front passenger’s seat belt pretensioners can explode upon deployment and send shrapnel throughout the vehicle.
Stock market slump unsettling Americans eying retirement
A stock market slump this year has taken a big bite out of investors’ portfolios, including retirement plans like 401(k)s.
Kellett breaks crash-free streak at Indy 500 practice
The horsepower boost that produced record speeds in qualifying went away Monday when teams swapped their engines for the power plants that will be used in Sunday’s race.
Stellantis to make Indiana announcement; might be battery plant
Automaker Stellantis said it will give an update on the future of its Kokomo operations at an Indiana community college on Tuesday afternoon.
Amazon to sublease warehouses as online shopping slows
Seattle-based Amazon doubled the size of its operations during the pandemic, adding more warehouses and employees. But as the worst of the pandemic eased, it found itself with too much warehouse space and too many workers.