In Retirement, Mike Smith '70 is "Returning Assets to the Community"

October 21, 2007

October 21, 2007, Greencastle, Ind. - "I have believed all along that there is a time to accumulate assets, and there is a time to return those assets to the community," Michael L. Smith tells the Indianapolis Business Journal. A 1970 graduate of DePauw University, Smith was executive vice president and chief financial officer at Anthem Inc., retiring after it merged with WellPoint Health Networks. The IBJ story, by 2001 DePauw graduate J.K. Wall, examines the "executive exodus" that has occurred since the merger.

Mike Smith, who previously served as chairman, president and chief executive officer of Mayflower Group, Inc., retired at age 57. Of an early retirement, he tells the publication, "Frankly, that was part of my life plan."

Wall notes that Smith "is a trustee at DePauw University and a board member of the Commission on Higher Education and several companies. He also helps raise money for Shepherd Community Center, a poverty-fighting organization in Indianapolis."

Read the complete text at IBJ.com.

Back