EDITORIAL: Executive pay policies, not salaries, need reform
In the wake of a recession blamed largely on Wall Street, boards need to act. But reducing executive pay shouldn’t
be their primary objective.
In the wake of a recession blamed largely on Wall Street, boards need to act. But reducing executive pay shouldn’t
be their primary objective.
The recession is dragging on, unemployment remains above 9 percent, and Lilly is chopping its way through 5,500 layoffs.
Business bummers abound. But it’s not all bad news.
More than two years into his term, Mayor Greg Ballard has shown a creative flair and a pragmatic streak the city needs.
Isn’t it great to live in a country where citizens have a say in who serves in every public position from president
to school board? Wouldn’t it be even better if citizens actually took that privilege seriously and went to the polls?
The property tax caps that are all but sure to become part of the Indiana constitution after a voter referendum
this November
are definitely good politics—and might prove to be good policy. We won’t know for sure until we see what becomes
of two property-tax funded entities that are starving as the caps fully phase in.
Perhaps it’s time for Pacers owner Herb Simon—a billionaire
like his late brother—to burnish his credentials as a philanthropist who makes the city a better place to live and work.
It would be a sad day in our civic history if the Indiana Pacers packed up and left for a place with
more financial firepower. But there’s a limit to how far the city should go to keep the team from leaving home.
Carl Brizzi’s once-promising political career is coming to an end. He won’t become a mayor or a congressman or
win election to any of the posts that seemed within his grasp when he was an up-and-coming Republican.
After the 2008-2009 school year—the first of the Greater Indianapolis Chamber of Commerce’s four-year Common Goal program, the overall
graduation rate among public schools in Marion County had jumped from 69 percent to almost 74 percent.
Sports may be overemphasized in our society, but there’s no doubt they’ve been good to Indianapolis.
After a legislative session short on fireworks but absent any major achievements, it’s fair to ask how long “do
no harm” will pass for progress in the Indiana General Assembly.
Much work remains before the city’s water and sewer utilities are sold to Citizens Energy Group, but the general outline
of the deal makes sense and deserves support—not political posturing—as final terms are hammered out.
Gov. Mitch Daniels should step through the door he cracked open last month and throw
his hat in the ring. Voters would benefit from a new voice.
Hindsight is always 20/20, but in the case of the Marriott Place hotel complex, foresight was just as clear.
Europe, not the United States, has the best growth prospects, an Asian executive told Gov. Mitch Daniels during a trade mission
last fall. Why? America’s escalating debt.
Central Indiana is much better at churning out transportation studies than implementing a real transit system, but there’s
reason to take seriously the report released Feb. 10 by the Central Indiana Transit Task Force.
The National Football League has trademarked “Super Bowl”—along
with “Super Sunday” and “NFL”—and is notorious for the lengths it will go to in order to protect
its brands.
If the General Assembly
wants to create some good news in this budget-conscious short session, it will continue our wise investment in Hoosier health,
and go one better by passing a statewide smoking ban.
We like the Indiana General Assembly’s no-nonsense approach to this year’s short legislative session—at
least it looks good on the surface.
More than once, we have used this space to rail against legislation that would further restrict alcohol sales in Indiana. So we are happy to be patting lawmakers on
the back for advancing a measure that would begin to ease the onerous limitations on when Hoosiers can buy booze.