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Maximum wage: fifty highest-paid CEOs of public companies.

1 J. RAYMOND ELLIOTT

Chairman, president & CEO of Zimmer Holdings

Headquarters: Warsaw

Business: Orthopedic products

2004 company revenue: $3 bil.

2004 company net income: $541.8 mil.

2004 pay & bonus: $2,207,891

2004 stock options exercised: $14,045,353

2004 TOTAL COMP.: $16,253,244

2 T.M. SOLSO

Chairman & CEO of Cummins Inc.

Headquarters: Columbus

Business: Diesel engines and related products

2004 company revenue: $8.4 bil.

2004 company net income: $350 mil.

2004 pay & bonus: $2,836,948

2004 stock options exercised: $9,706,724

2004 TOTAL COMP.: $12,543,672

3 WILLIAM S. KIRSCH (1)

President & CEO of Conseco

Headquarters: Carmel

Business: Insurance holding company

2004 company revenue: $4.3 bil.

2004 company net income: $229.3 mil.

2004 pay & bonus: $3,197,062

2004 long-term comp.: $6,480,000

2004 TOTAL COMP.: $9,677,062

4 GARY L. NEALE

Chairman & CEO of NiSource Inc.

Headquarters: Merrillville

Business: Electric and gas utility

2004 company revenue: $6.7 bil.

2004 company net income: $436.3 mil.

2004 pay & bonus: $1,344,784

2004 long-term comp.: $7,292,311

2004 stock options exercised: $321,245

2004 TOTAL COMP.: $8,958,340

5 SIDNEY TAUREL

Chairman, president & CEO of Eli Lilly & Co.

Headquarters: Indianapolis

Business: Pharmaceuticals

2004 company revenue: $13.9 bil.

2004 company net income: $1.8 bil.

2004 pay & bonus: $3,129,664

2004 long-term comp.: $1,590,120

2004 stock options exercised: $4,091,400

2004 TOTAL COMP.: $8,811,184

6 LARRY C. GLASSCOCK

President & CEO of Wellpoint Inc.

Headquarters: Indianapolis

Business: Health insurance

2004 company revenue: $20.8 bil.

2004 company net income: $960.1 mil.

2004 pay & bonus: $5,599,779

2004 TOTAL COMP.: $5,599,779

7 RONALD W. DOLLENS

President & CEO of Guidant Corp.

Headquarters: Indianapolis

Business: Medical and diagnostic devices

2004 company revenue: $3.8 bil.

2004 company net income: $524 mil.

2004 pay & bonus: $837,068

2004 long-term comp.: $801,497

2004 stock options exercised: $3,747,653

2004 TOTAL COMP.: $5,386,218

8 CHRISTOPHER J. MURPHY III

Chairman, president & CEO of 1st Source

Headquarters: South Bend

Business: Bank holding company

2004 company revenue: $214.2 mil.

2004 company net income: $25 mil.

2004 pay & bonus: $1,299,247

2004 long-term comp.: $52,033

2004 stock options exercised: $2,839,130

2004 TOTAL COMP.: $4,190,410

9 KEITH E. BUSSE

President & CEO of Steel Dynamics

Headquarters: Fort Wayne

Business: Steel, rail and building products

2004 company revenue: $2.1 bil.

2004 company net income: $295.3 mil.

2004 pay & bonus: $2,168,213

2004 long-term comp.: $850,498

2004 stock options exercised: $464,451

2004 TOTAL COMP.: $3,483,162

10 DAVID G. GARTZKE

Chairman, president & CEO of ADESA Inc.

Headquarters: Carmel

Business: Wholesale vehicle auctions

2004 company revenue: $931.6 mil.

2004 company net income: $105.3 mil.

2004 pay & bonus: $1,620,303

2004 long-term comp.: $1,483,286

2004 TOTAL COMP.: $3,103,589

11 FREDERICK W. ROCKWOOD

President & CEO of Hillenbrand Industries

Headquarters: Batesville

Business: Caskets, health care equipment

2004 company revenue: $1.8 bil.

2004 company net income: $110 mil.

2004 pay & bonus: $1,640,350

2004 long-term comp.: $919,144

2004 TOTAL COMP.: $2,559,494

12 DENNIS D. OKLAK

President & CEO of Duke Realty Corp.

Headquarters: Indianapolis

Business: Real-estate investment trust

2004 company revenue: $836.5 mil.

2004 company net income: $151.3 mil.

2004 pay & bonus: $950,897

2004 long-term comp.: $691,785

2004 stock options exercised: $410,992

2004 TOTAL COMP.: $2,053,674

13 DONALD K. SCHWANZ

Chairman, president & CEO of CTS Corp.

Headquarters: Elkhart

Business: Electronic components

2004 company revenue: $531,3 mil.

2004 company net income: $20 mil

2004 pay & bonus: $1,422,218

2004 long-term comp.: $452,640

2004 TOTAL COMP.: $1,874,858

14 JAMES C. THYEN

President & CEO of Kimball International

Headquarters: Jasper

Business: Business, institutional and home furniture and components;

electronic assemblies

2004 company revenue: $1.1 bil.

2004 company net income: $21.7 mil

2004 pay & bonus: $958,645

2004 long-term comp.: $820,020

2004 TOTAL COMP.: $1,778,665

15 NIEL C. ELLERBROOK

Chairman, president & CEO of Vectren

Headquarters: Evansville

Business: Energy and technology holding company

2004 company revenue: $1.7 bil.

2004 company net income: $1029 mil.

2004 pay & bonus: $1,218,427

2004 long-term comp.: $557,339

2004 TOTAL COMP.: 81,775,766

16 BRYAN K. BEDFORD

Chairman, president & CEO of Republic Airways Holdings

Headquarters: Indianapolis

Business: Regional airline

2004 company revenue: $540.7 mil.

2004 company net income: $44.8 mil.

2004 pay & bonus: $807,500

2004 stock options exercised: $875,852

2004 TOTAL COMP.: $1,683,352

17 WILLIAM P. GREUBEL

President & CEO of Wabash National

Headquarters: Lafayette

Business: Standard and customized truck trailers

2004 company revenue: $1 bil.

2004 company net income: $58.4 mil.

2004 pay & bonus: $1,158,288

2004 long-term comp.: $375,230

2004 TOTAL COMP.: $1,533,518

18 R. SCOTT TRUMBULL

Chairman & CEO of Franklin Electric

Headquarters: Bluffton

Business: Electric motors

2004 company revenue: $404.3 mil.

2004 company net income: $38.1 mil.

2004 pay & bonus: $979,695

2004 stock options exercised: $515,920

2004 TOTAL COMP.: $1,495,615

19 DON E. MARSH

Chairman, president & CEO of Marsh Supermarkets

Headquarters: Indianapolis

Business: Supermarkets and convenience stores

2004 company revenue: $1.7 bil.

2004 company net income: $3 mil.

2004 pay & bonus: $1,422,422

2004 TOTAL COME: $1,422,422

20 C.W. "BILL" REED

President & CEO of Escalade

Headquarters: Evansville

Business: Sporting goods and office products

2004 company revenue: $220.7 mil.

2004 company net income: $78 mil.

2004 pay & bonus: $784,934

2004 stock options exercised: $611,722

2004 TOTAL COMP.: $1,396,656

21 RENE R. CHAMPAGNE

Chairman & CEO of ITT Educational Services

Headquarters: Indianapolis

Business: Technical education

2004 company revenue: $6178 mil.

2004 company net income: $75.3 mil.

2004 pay & bonus: $1,283,864

2004 TOTAL COMP.: $1,283,864

22 STEPHEN RUSSELL

Chairman, president & CEO of Celadon Group

Headquarters: Indianapolis

Business: Transportation

2004 company revenue: $3979 mil.

2004 company net loss: $0.3 mil.

2004 pay & bonus: $877,276

2004 long-term comp.: $305,000

2004 TOTAL COMP.: $1,182,276

23 PETER M. DUNN

President & CEO of The Steak n Shake Co.

Headquarters: Indianapolis

Business: Restaurants

2004 company revenue: $553.7 mil.

2004 company net income: $277 mil.

2004 pay & bonus: $815,106

2004 long-term comp.: $298,000

2004 TOTAL COMP.: $1,113,106

24 WILLIAM I. MILLER

Chairman & CEO of Irwin Financial Corp.

Headquarters: Columbus

Business: Financial-services holding company

2004 company revenue: $631.4 mil.

2004 company net income: $69.9 mil.

2004 pay & bonus: $1,105,060

2004 TOTAL COMP.: $1,105,060

25 GARYW. MILLER

President & CEO of Baldwin & Lyons

Headquarters: Indianapolis

Business: Insurance holding company

2004 company revenue: $201.3 mil.

2004 company net income: $30.3 mil.

2004 pay & bonus: $1,062,000

2004 TOTAL COMP.: $1,062,000

26 ROBERT G. JONES (2)

President & CEO of Old National Bancorp

Headquarters: Evansville

Business: Bank holding company

2004 company revenue: $599.4 mil.

2004 company net income: $676 mil.

2004 pay & bonus: $400,994

2004 long-term comp.: $629,737

2004 TOTAL COMP.: $1,030,731

27 MICHAEL E. THOMAS

Chairman, president & CEO of Chromcraft Revington

Headquarters: Delphi

Business: Household and commercial furniture

2004 company revenue: $172.4 mil.

2004 company net income: $77 mil.

2004 pay & bonus: $839,077

2004 long-term comp.: $179,883

2004 TOTAL COMP.: $1,018,960

28 MARNI MCKINNEY

Vice chairman & CEO of First Indiana Corp.

Headquarters: Indianapolis

Business: Savings bank holding company

2004 company revenue: $142.1 mil.

2004 company net income: $14.7 mil.

2004 pay & bonus: $479,054

2004 long-term comp.: $272,050

2004 stock options exercised: $178,512

2004 TOTAL COMP.: $929,616

29 NORMAN L. LOWERY

Vice chairman & CEO of First Financial Corp.

Headquarters: Terre Haute

Business: Bank holding company

2004 company revenue: $152.6 mil.

2004 company net income: $28 mil.

2004 pay & bonus: $914,395

2004 TOTAL COMP.: $914,395

30 ROBERT J. LAIKIN

Chairman & CEO of Brightpoint

Headquarters: Indianapolis

Business: Services for wireless communications and data industry

2004 company revenue: $1.9 bil.

2004 company net income: $15.3 mil.

2004 pay & bonus: $883,372

2004 TOTAL COMP.: $883,372

31 DAVID SIMON

CEO of Simon Property Group

Headquarters: Indianapolis

Business: Real-estate investment trust

2004 company revenue: $2.6 bil.

2004 company net income: $343 mil.

2004 pay & bonus: $814,179

2004 TOTAL COMP.: $814,179

32 CLAIRE C. SKINNER

Chairman & CEO of Coachmen Industries

Headquarters: Elkhart

Business: Recreational vehicles, modular housing

2004 company revenue: $865.1 mil.

2004 company net income: $15.3 mil.

2004 pay & bonus: $808,815

2004 TOTAL COMP.: $808,815

33 CRAIG M. DWIGHT

President & CEO of Horizon Bancorp

Headquarters: Michigan City

Business: Bank holding company

2004 company revenue: $53.7 mil.

2004 company net income: $6.9 mil.

2004 pay & bonus: $363,724

2004 long-term comp.: $215,600

2004 stock options exercised: $207,819

2004 TOTAL COME: $787,143

34 JOHN J. GALLAGHER III

CEO of Great Lakes Chemical Corp.

Headquarters: Indianapolis

Business: Specialty chemicals

2004 company revenue: $1.6 bil.

2004 company net income: $62.9 mil.

2004 pay & bonus: $743,174

2004 TOTAL COMP.: $743,174

35 MICHAEL T. VEA

Chairman, president & CEO

of Integra Bank Corp.

Headquarters: Evansville

Business: Bank holding company

2004 company revenue: $166 mil.

2004 company net loss: $6.6 mil.

2004 pay & bonus: $602,979

2004 long-term comp.: $133,079

2004 TOTAL COMP.: $736,058

36 MARK L. LEMOND

President & CEO of Shoe Carnival

Headquarters: Evansville

Business: Retail shoe stores

2004 company revenue: $590.2 mil.

2004 company net income: $12.5 mil.

2004 pay & bonus: $657,898

2004 TOTAL COMP.: $657,898

37 RONALD D. HUNTER

Chairman & CEO of Standard Management Corp.

Headquarters: Indianapolis

Business: Insurance holding company

2004 company revenue: $118 mil.

2004 company net loss: $10.9 mil.

2004 pay & bonus: $625,481

2004 TOTAL COMP.: $625,481

38 MICHAEL L. COX

President & CEO of First Merchants Corp.

Headquarters: Muncie

Business: Bank holding company

2004 company revenue: $191.5 mil.

2004 company net income: $29.4 mil.

2004 pay & bonus: $362,058

2004 long-term comp.: $23,333

2004 stock options exercised: $213.452

2004 TOTAL COMP.: $598,843

39 DANE A. MILLER

President & CEO of Biomet

Headquarters: Warsaw

Business: Orthopedic products

2004 company revenue: $1.6 bil.

2004 company net income: $325.6 mil.

2004 pay & bonus: $593,188

2004 TOTAL COMP.: $593,188

40 BRIAN MOORE

President & CEO of Symmetry Medical

Headquarters: Warsaw

Business: Implants, cases and instruments

for orthopedic manufacturers

2004 company revenue: $205.4 mil.

2004 company net income: $2.7 mil.

2004 pay & bonus: $580,200

2004 TOTAL COMP.: $580,200

41 MICHAEL DOAR

Chairman & CEO of Hurco Companies

Headquarters: Indianapolis

Business: Computer numerical control

systems; computerized machine systems

for metal cutting/fabrication

2004 company revenue: $99.8 mil.

2004 company net income: $63 mil

2004 pay & bonus: $457,823

2004 stock options exercised: $56,250

2004 TOTAL COMP.: $514.073

42 JOHN K. KEACH JR.

Chairman, president & CEO of Home Federal Bancorp

Headquarters: Columbus

Business: Unitary savings and loan holding company

2004 company revenue: $52.4 mil.

2004 company net income: $5.2 mil.

2004 pay & bonus: $364,365

2004 stock options exercised: $146,524

2004 TOTAL COMP.: $510,889

43 MICHAEL L. KUBACKI

President & CEO of Lakeland Financial Corp.

Headquarters: Warsaw

Business: Bank holding company

2004 company revenue: $76.6 mil.

2004 company net income: $14.5 mil.

2004 pay & bonus: $486,499

2004 TOTAL COMP.: $486,489

44 DONALD E. BROWN

Chairman, president & CEO of Interactive Intelligence

Headquarters: Indianapolis

Business: Software managing phone, fax

and Internet customer interactions

2004 company revenue: $55.1 mil.

2004 company net income: $1 mil.

2004 pay & bonus: $450,000

2004 TOTAL COMP.: $450,000

45 THOMAS F. PRISBY

Chairman & CEO of CFS Bancorp

Headquarters: Munster

Business: Bank holding company

2004 company revenue: $80.6 mil.

2004 company net loss: $6.6 mil.

2004 pay & bonus: $347,954

2004 long-term comp.: $7,686

2004 stock options exercised: $24,700

2004 TOTAL COMP.: $380,340

46 THOMAS G. DERANEK

Vice chairman & CEO of Skyline Corp.

Headquarters: Elkhart

Business: Manufactured housing, recreational vehicles

2004 company revenue: $433.9 mil.

2004 company net income: $6.1 mil.

2004 pay & bonus: $379,000

2004 TOTAL COMP.: $379,000

47 JAMES L. SANER SR.

President & CEO of MainSource Financial Group

Headquarters: Greensburg

Business: Bank holding company

2004 company revenue: $91.4 mil.

2004 company net income: $168 mil.

2004 pay & bonus: $876,684

2004 TOTAL COM R: $376,684

48 MARK A. SCHROEDER

President & CEO of German American Bancorp

Headquarters: Jasper

Business: Bank holding company

2004 company revenue: $57.3 mil.

2004 company net income: $7.2 mil.

2004 pay & bonus: $317,654

2004 stock options exercised: $3,040

2004 TOTAL COMP.: $320,694

49 PAUL E. HASSLER

President & CEO of Patrick Industries

Headquarters: Elkhart

Business: Supplier to recreational-vehicles

and manufactured- housing industry

2004 company revenue: $301.6 mil.

2004 company net income: $0.6 mil.

2004 pay & bonus: $311,225

2004 TOTAL COMP.: $311,225

50 HARRY J. BAILEY

President & CEO of Ameriana Bancorp

Headquarters: New Castle

Business: Bank holding company

2004 company revenue: $22.3 mil.

2004 company net income: $1.4 mil.

2004 pay & bonus: $273,202

2004 stock options exercised: $3,001

2004 TOTAL COMP.: $276,203

(1) William S. Kitsch was elected president and CEO or Conseco in August 2004.

(2) Robert G. Jones became president and CEO of Old National Sept. 7, 2004.

Source: Proxy statements, annual reports. "Total compensation" Includes salary, bonus, other annual compensation, long-term compensation and gains realized on stock options exercised in 2004 (if any).
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Title Annotation:INDIANA BUSINESS 100: THE TOP PUBLIC & PRIVATE COMPANIES
Publication:Indiana Business Magazine
Geographic Code:1U3IN
Date:Jun 1, 2005
Words:2283
Previous Article:Indiana's largest private companies.
Next Article:Building excellence: Associated Builders and Contractors honors Indiana projects.
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