Ex-airport CEO getting lofty departure pay
Globetrotting John Clark, who stepped down from his job March 19, will receive $270,000, plus unearned vacation days, as part of his severance package from the Indianapolis Airport Authority.
Compensation
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Daniels gives state workers year-end pay raises
Indiana Gov. Mitch Daniels on Wednesday announced pay raises of up to 6 percent depending on state employees' performance. About 75 percent will see a 2 percent increase under the plan.
EDITORIAL: Circles program is peace plan for class warfare
Dr. James Lemons, a local neonatologist, deserves recognition—and support—for his quest to bridge the widening gap between the country’s haves and have-nots.
Purdue University president to get 3.5-percent raise
Purdue University said Thursday the increase will boost President France Cordova’s salary by $15,750, bringing her annual base pay to $465,750.
Partner pay up at local law firms
Partners at Indianapolis’ three largest law firms—Barnes & Thornburg LLP, Baker & Daniels LLP and Ice Miller LLP—are enjoying healthy pay increases despite the tough economic times.
Simon Property Group signs CEO to long-term contract
Indianapolis-based Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the largest U.S. mall owner for the next eight years—and give him a one-time award worth $120 million.
Total pay for executives surged in 2010
Total executive compensation at Indiana’s largest public companies continued to rise sharply coming out of the recession, even though many of them have yet to erase the red ink in their shareholders’ portfolios.
CEOs see stock windfall after market crash
Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database.
Equal Pay Day highlights persistent wage disparity
In Indiana, women working full time are paid an average of $31,762 per year while men earn an average of $43,631 annually, U.S. Census Bureau statistics show.
Executive compensation surges at CNO Financial Group
The Carmel-based life and health insurer more than doubled CEO Jim Prieur’s compensation, and also gave increases ranging from 44 percent to 89 percent to other top executives.
WellPoint CEO received 3-percent raise last year
The Indianapolis-based insurer awarded Angela Braly a total pay package worth $13.4 million, up from $13.1 million in 2009 even as the company's profit and enrollment numbers slipped.
PROXY CORNER: Eli Lilly and Co.
Eli Lilly and Co., Lilly Corporate Center, Indianapolis, 46285 (www.lilly.com) discovers, develops, manufactures and sells pharmaceutical products for humans and animals.
New federal rules prompt ITT to change bonus-pay criteria
The Carmel-based for-profit educator still will pay its top executives bonuses, but they’ll no longer be tied to school enrollment, the company said Tuesday in a proxy filing.
GM to pay more than $400 million in worker bonuses
Less than two years after entering bankruptcy, General Motors will extend millions of dollars in bonuses to most of its 48,000 hourly workers as a reward for the company's rapid turnaround after it was rescued by the government. Workers in Kokomo could get $3,000.
ITT Educational OKs bonuses to keep managers in place
Carmel-based ITT Educational Services Inc.’s management team will get special cash bonuses if they remain with the company until the end of June, ITT disclosed in a regulatory filing last week.
Most state workers to see pay raise in 2011
Most Indiana state government employees will be receiving at least a $500 pay raise during 2011 after a two-year pay freeze.
Most not-for-profit execs modestly paid, survey says
Local consultants Bryan Orander and Jim Morris conducted the survey this summer to fulfill what they see as a lack of hard data on executive pay in the local not-for-profit sector.
Biglari’s revised incentive package approved by shareholders
After criticizing an earlier pay proposal, 82 percent of Biglari Holdings’ shareholders approved a scaled-back bonus agreement for their CEO.
After disagreement, Lewis leaves WellPoint with $3.2M
Dijuana Lewis will get nearly $3.2 million on her way out the door at WellPoint Inc. after what sources described as a dispute with CEO Angela Braly over a change in duties.
Purdue board OKs merit pay, bonuses, premium hike
Some Purdue University employees will get pay raises and bonuses, but all of them will pay higher health insurance premiums.