A former employee alleges that Sardar Biglari insisted Maxim devote 50 pages of the December/January issue to Monaco, where he spends significant time, and include features on his favorite cigar shop and on David Letterman, part-owner of the race team Steak n Shake sponsors.
If a bankruptcy judge approves the incentive plan, six senior executives of the commuter carrier would split as much as $4.7 million in bonuses over the next three quarters.
Three top executives of Baldwin & Lyons Inc.—who spent a combined 124 years with the Carmel-based trucking insurer—have suddenly "retired" after clashing for months with the board's executive chairman.
It turns out that Simon Property Group spun off its less profitable malls and zeroed in on high-end properties at just the right times. Analysts say middling malls are losing out as retailers decide where to pare locations.
Bankruptcy examiner John Humphrey, who has been investigating potential claims against HDG Mansur founder Harold Garrison, is hoping for a big payout from the company's $5 million directors and officers liability insurance policy.
The FDIC has settled a lawsuit against four former executives of the bank. Meanwhile, in a separate suit a bankruptcy trustee continues to press his claims against three other executives.
After all the turmoil, investors are eager for signs that interim CEO Robert Riesbeck is righting the ship.
Indianapolis-based Angie's List had sought an injunction, arguing the trio misappropriated trade secrets and/or solicited former co-workers to join them.
A report from the investment firm Credit Suisse analyzed the e-commerce capabilities of Nike, Finish Line and Foot Locker and found Nike is far and away the leader.
The Carmel-based provider of telecommunications services sought to collect on insurance after discovering it was the victim of a massive theft by a high-level manager in New Jersey.
Telamon’s quest to get its insurers—units of Connecticut-based Travelers Insurance—to cover the losses have not gone smoothly, to say the least.
The NCAA is so flush these days that its board recently doled out an extra $200 million to Division I schools—even as the Indianapolis-based organization works to put to bed a thicket of high-dollar legal settlements.
At issue is whether more than $1.47 million in campaign donations by Monarch affiliate Vision Concepts LLC illegally circumvented a state law limiting corporate campaign contributions.
Republic says the professional-services firms it has tapped should be paid well because they're helping the Indianapolis company work through a "unique set of circumstances" that has never been faced in an airline bankruptcy.
The Zionsville-based retailer continued to grow but saw profit plummet after it moved beyond its core business of selling sports caps.
CEO Scott Durchslag told analysts he will reinvigorate growth by dropping the paywall, which he said will open the floodgates to a deluge of new customers.
"In a world filled with hyper-orthodoxy, Biglari Holdings represents an oasis of unconventionality," Sardar Biglari said in his latest letter to shareholders. "We follow our own individualistic ideas and ideals rather than find refuge in the superficial conventions and conformity.”
TCS Capital founder Eric Semler and two other outsiders are joining the board under a settlement announced Tuesday morning. The pact bars TCS from increasing its ownership stake beyond 12.75 percent. It currently owns 10.7 percent.
Calumet's stock price has fallen so far that the annual dividend yield is a whopping 28 percent—one of the highest in the country.
Indiana Economic Development Corp. President Jim Schellinger said state officials realized early on that the Dow-DuPont merger could have wiped out some of the best jobs in Indianapolis.
