Articles

New retirement savings law means new biz for AUL

In order to comply with stricter rules from the Internal Revenue Service, schools and other not-for-profits are making changes
and consolidations to retirement plans, creating growth opportunities for companies like Indianapolis-based American United
Life Insurance Co.

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Displaced older workers abandon hopes of landing similar work

A growing percentage of men and women nationwide are reaching a career crossroads at a time when most would hope to have it
made. Almost a quarter of the 3.8 million Americans displaced from their jobs from 2003-2005 were 55 or older, according to
the U.S. Bureau of Labor Statistics, up from 21 percent in the prior three years.

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Prescription drug abuse on the rise

When the Department of Justice slapped St. Vincent Indianapolis Hospital with a $1.2 million fine last month, it stunned local
medical professionals. But the issue behind St. Vincent’s troubles is no surprise. The diversion of prescriptions drugs from
the medical field into recreational use is a widespread problem in Indiana and the nation.

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Fantasy football leagues concern employers

The kickoff of the National Football League season this month has many central Indiana employers fearful that fantasy will
encroach on reality. The fretfulness revolves around the start of the fantasy football season, where fans draft real players
onto make-believe teams and track their individual performances via organized Web sites.

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Office fight puts print firm on spot

A local printing powerhouse is trying to regain the confidence of its employees and customers after the CEO and his secretary
were involved in a profanity-laced physical altercation at work.

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Companies must prepare for CEO turnover

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.

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WellPoint CFO’s affairs exposed by lawsuit

In this era of hyper-scrutiny of corporate ethics, even messy personal lives can fell the career of a “well-loved and well-respected”
executive. Such appears to be the case with David C. Colby, whom WellPoint Inc. forced to resign as its vice chairman and
chief financial officer on May 30 for violating the company’s code of conduct in a “non-business” way.

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Ex-Norwood execs say company cheated them out of millions

Indianapolis-based Norwood Promotional Products is facing legal challenges from a half-dozen former executives who say board
members and investors conspired to fire them, withhold severance pay and cheat them out of as much as $3.6 million in company
stock.

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Firearm advocates take aim at employers’ restrictions

Legislators in the upcoming session of the Indiana General Assembly are gearing up for a gunfight with high-caliber business
implications. On one side are employees who prefer to pack heat during their commute. On the other are executives who see
guns as a liability nightmare–even if they’re locked in cars parked outside.

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