Articles

Lilly CEO got 10-percent pay boost last year

Lilly CEO John Lechleiter was paid $11.2 million in salary, bonus, stock and perks last year, according to Lilly’s proxy statement filed Monday morning. That represented a 10-percent increase over his take in 2012.

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Another top executive leaves Angie’s List

Shares of the consumer review service have dropped more than 12 percent since the company announced Monday that Chief Technology Officer Manu Thapar had departed. The firm recently hired a new chief financial officer.

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Citizens Energy quizzed on exec pay levels

Citizens Energy Group has enjoyed a certain amount of public good will over the last 125 years as a not-for-profit, charitable trust. But rising incentive pay to the trust’s top brass recently has conjured up images of an investor-owned utility—and the scrutiny of regulators.

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Hospitals paying big to snag surgeons

Across the four largest hospital systems in central Indiana, six physicians received more than $1 million in compensation in 2011 while two others received more than $900,000 and nine others received $700,000 or more, according to the hospitals’ most recent reports to the IRS.

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Marsh to call former CEO as first witness

The lead lawyer for Marsh Supermarkets Inc. expects to call Don Marsh as its first witness when the civil trial against him reconvenes Tuesday. The grocery chain alleges that the former CEO used company funds to pay more than $3 million in personal expenses.

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Simon Property directors sued over CEO’s pay

The board of the largest U.S. shopping-mall owner wrongfully authorized a compensation package for CEO David Simon that included $120 million in special stock awards, a Louisiana pension fund claimed in the lawsuit filed Wednesday.

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SPECIAL REPORT: Stock-based pay builds wealth for Indiana execs

IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)

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