Eli Lilly and Co.â??s announcement this morning that President and Chief Operating Officer John Lechleiter would
succeed CEO Sidney Taurel in April was a picture of smooth succession planning.
Lechleiterâ??s ascension had been expected for so long that the news was…
Itâ??s been awhile since the Indianapolis area has had two initial public offerings in the works at the
same
time, but thatâ??s exactly what we have. And theyâ??re software firms to boot â?? businesses Indianapolis
and other
Midwestern cities have…
The Blue Cross and Blue Shield plan that Indianapolis-based WellPoint Inc. operates in Connecticut has backed
out of managing part of an insurance program rather than disclose the rates it pays doctors and its approach
to denying prescription drug payments….
Angela Braly, WellPointâ??s CEO, has not only made The Wall Street Journal â??s list of â??50 Women to Watchâ??
but she hit the top spot.
Not so long ago Braly was largely unknown right here in WellPointâ??s headquarters city.
Does Bralyâ??s rise…
Finish Line has played the â??material adverse effectâ?? card in its battle to break off its acquisition of
Genesco.
The Indianapolis company didnâ??t elaborate in yesterdayâ??s SEC filing, but Finish Line has repeatedly made clear
that encountering problems with long-term implications…
The National Urban League gave Eli Lilly and Co. its highest corporate honor today for helping with a health
outreach program to African-Americans.
Just two weeks ago another venerable civil rights group, the NAACP, backed a lawsuit filed for current and…
Lots of Hoosiers have warm-and-fuzzy feelings for Steak n Shake. Wall Street’s feelings are an entirely different
matter.
As the company readies to announce fiscal fourth quarter financial results this Thursday, investors are exasperated.
The company has reported eight straight quarters…
IBJ reporter Chris Oâ??Malley reported last weekend that ATA Airlinesâ?? parent company has quietly moved its
headquarters to Peachtree City, Ga. Global Aero Logistics no longer flies out of Indianapolis International
Airport, but it has other operations here that employ…
Steak n Shake Co. CEO Peter M. Dunn analyzed and measured just about everything at the restaurant chain, from drive-through
times to employee turnover. All that research and testing was welcome when the company was thriving a few years ago. But the
lack of evidence that all the analysis was paying off eroded Wall Street’s confidence in Dunn.
A methodical process is the right way to change CEOs, according to succession-planning experts. And Indiana needs more of
its major corporations to do so. A wave of aging executives is at or near normal retirement age–in Indiana and nationwide.
How well those companies’ CEOs pass the baton will have a big impact on their companies’ futures.
Eli Lilly and Co.’s loss in May of a patent-infringement lawsuit brought by Ariad Pharmaceuticals
Inc. went down as the 6th-largest such jury award last year, a Bloomberg analysis shows.
