Cummins CEO Solso retiring at end of year
Cummins Inc. says Tim Solso will retire as chairman and CEO at the end of the year. The 64-year-old Solso has led Cummins since 2000.
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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.
Outgoing CEO: After ‘near-death experience,’ CNO doing well
CEO Jim Prieur got more than he bargained for when he took over CNO Financial Group (then-Conseco) five years ago, but he said he’s ready to step down now that the insurer is in good shape.
Klipsch steps down as speaker maker CEO
Longtime Klipsch Group executive Paul Jacobs will take the helm, giving the Indianapolis company its first leader not named Klipsch.
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.
Brightpoint CFO leaves with $2.75M pay package
Anthony Boor, who joined Brightpoint in 1998 and served as the company’s chief financial officer since 2005, left the company on Tuesday. He received separation pay totaling $2.75 million.
IPL exec promoted to CEO
After about a month as interim CEO, Indianapolis Power & Light Co. executive Ken Zagzebski has won the job for good.
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.
Simon CEO compensation jumps to $24.6 million
Simon Property Group Inc.’s board is working on a long-term employment agreement with Chairman and CEO David Simon, whose compensation rose more than fivefold last year.
Bill Cook, medical device magnate and philanthropist, dies at 80
The founder of Bloomington-based life sciences giant Cook Group Inc. and the wealthiest man in Indiana leaves a legacy of dozens of historic structures saved from decay or demolition. He also was a major donor to Indiana University and its athletics department.
Irsay, Simon tie on magazine’s world’s-richest list
In a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th place on Forbes magazine’s annual list of the richest people in the world. Bill Cook and Dean White also made the list.
Indiana executives pare stock holdings
Executives and directors at several Indiana public companies took advantage of market strength in February to pare back their stock holdings, narrowly missing a pullback sparked by turmoil in Libya.
Brightpoint exec Fivel leaving for Simon Property Group
One of the top executives at Brightpoint Inc. is leaving the Indianapolis-based cell phone distributor to take a similar position at Simon Property Group.
JA inducting four into Business Hall of Fame
Ceremony at Indiana Roof Ballroom on Feb. 17 will honor Michael G. Browning, David R. Frick, Stephen Russell and the late Eli Lilly.
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.
Biglari adjusts controversial pay proposal
The parent company of Steak n Shake restaurants has scaled back a controversial pay package for its CEO in hopes of securing shareholder approval of the plan at a rescheduled special meeting.
Four Hoosiers among richest Americans; Irsay ascends
Indianapolis Colts owner Jim Irsay is moving up the ranks of the richest Americans a year after making his way onto the Forbes 400 list of the nation’s wealthiest people.
Steak n Shake parent postpones meeting amid pay uproar
San Antonio-based Biglari Holdings Inc. said late Monday it will delay a planned Aug. 24 shareholder meeting to give the company
time to
address “misinformation” regarding its CEO’s controversial pay package.