Fair Finance investors still empty-handed as trustee plows on
Many of the defendants pursued by Brian Bash and his team have few, if any, assets. And those that do have the wherewithal to fight litigation for years.
Greg Andrews
Articles
Allegations add ugly chapter to Meadows renaissance
The Marion County Prosecutor's Office late last month charged the former executive director of the Meadows Community Foundation with corrupt business influence and seven counts of theft.
HHGregg throws lifeline to employees with underwater options
The company this month filed papers gave option holders the right to exchange their current holdings for new options with an exercise price set at the current market price.
Simon sticks with key terms of CEO’s pay despite shareholder ire
The company made small adjustments to David Simon's package but left in place the element that created the largest controversy—a stock retention bonus valued at $120 million he'll receive if he stays through July 2019.
Lilly pulls back from proposals lowering takeover barriers
Fortunately, a Lilly takeover looks less likely today than it has in a long time—for both obvious and more subtle reasons.
New products, more reporters on the beat
While many news organizations across the country are cutting staff in response to challenging market conditions, IBJ is increasing the number of beat reporters on the streets breaking stories and providing indispensable information you can’t get anywhere else.
Steak n Shake’s value menu isn’t all that looks cheap
Investors may be undervaluing Biglari Holdings Inc., which owns Steak n Shake outright and holds 20 percent of Cracker Barrel.
With TV business ‘forever changed,’ HHGregg retools
CEO Dennis May said: "We see the HHGregg of the future as a home products store that also sells consumer electronics."
Lawsuit over Simon’s bonus may expose board’s mindset
The $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.
Tangle with Huntington Bank could fell ‘Peanut King’
The company, which roasts nuts and sells concession equipment, filed for bankruptcy to stave off Huntington National Bank, which had filed to foreclose on its real estate.
Tangle with Huntington could fell ‘Peanut King’
Richard Green Sr. is called “The Peanut King,” a moniker he earned more than a half-century ago, when he operated 9,000 peanut-vending machines across seven states. Those machines, which swallowed coins in return for a handful of nuts, are long gone. But his 56-year-old Indianapolis business, the Richard Green Co.—which these days sells pretty much […]
Critics of WellPoint choice may not be easily swayed
It's way too early to declare the board dysfunctional for making a surprise choice—Joe Swedish, CEO of Michigan-based hospital system Trinity Health—for the company’s new CEO.
Does hybrid-tech startup have investors too revved up?
Echo Automotive trades on the OTC Bulletin Board, the Wild West of investing—where cheap stock prices and low trading volumes can translate into wild swings in stock price.
Lack of restraint caused Marsh family’s downfall
What’s extraordinary about the spending spree was that it continued even as Marsh Supermarkets' financial condition grew increasingly precarious.
NBA All-Star Game alluring, but no local bid in sight
The 1985 NBA All-Star Game remains the only all-star game the league has held in Indianapolis—a curious omission given the city’s propensity for landing big-time events.
Real estate developers’ exhilaration turns to pain in bankruptcy
Many Indianapolis developers know the feeling. In good times, few industries generate an adrenalin rush like real estate development. But it’s a highly leveraged business built upon certain assumptions that proved flimsy when the financial crisis hit.
HHGregg ratchets back, but analysts still uneasy
HHGregg now has 228 stores in 20 states. So it has grown a great deal. But the “exceptional store economics” it used to promote are gone, thanks largely to a breathtaking collapse in sales of flat-screen televisions.
Emmis’ well-paid CEO signs on for 3 more years
CEO Jeff Smulyan's supporters praise him for repositioning Emmis during a harrowing stretch for the media industry. Detractors complain about his hefty compensation.
After cutting debt, Emmis lines up $100M refinancing
The Indianapolis-based media company had been carrying debt far above market rates, some as high as 23 percent. It also was facing tens of millions of dollars in debt maturities in 2013 and 2014.
Michael Browning was key player in N.C. corporate drama
Indianapolis real estate developer Michael Browning was one of two Duke Energy board members who led the surprise ouster of the company's CEO.