Selma Alabama‚ Richard Scrushy like any normal teenager found him self thinking about a better opportunity and life for him and his wife. After graduating from University of Alabama‚ Scrushy started from an entry level position‚ to owning his own company called HeathSouth‚ INC. By 2001 HealthSouth had more then 4.3 billion and 100‚000 patients a day. But all good thing come to end‚ when Scrushy found himself in schooled that put his career to end. In the 1990s‚ Scrushy company is grown more
Premium Ethics Fraud Enron
HealthSouth Accounting Scandal HealthSouth is the one of the largest providers of inpatient rehabilitative healthcare services in the U.S. HealthSouth is fully operational in 26 states across the United States and also in Puerto Rico. HealthSouth serves patients in various settings such as; inpatient rehabilitation hospitals‚ long-term acute care hospitals‚ outpatient rehabilitation satellite clinics and home health agencies. HealthSouth’s hospitals are able to provide an advanced care to patients
Premium Richard M. Scrushy
Beam initially did this because of the pressure from Scrushy to make the company appear more profitable. Then the cycle continues. The way I understand the meaning of the “loyal agent’s argument” is that you do what you are instructed to do by your employer regardless. However‚ I do not believe Aaron Bean could or should have used the loyal agent’s argument to defend his actions. The only way possible would have been because his boss‚ Scrushy pressured him into “cooking the books” so to speak
Premium Meaning of life Morality Investment
Running head: HEALTHSOUTH: THE RISE AND FALL HealthSouth: The Rise And Fall Abstract Richard Scrushy (Scrushy) had a vision and was driven by his leadership and entrepreneurial abilities. Scrushy was the mastermind and major creator of HealthSouth Corporation (HealthSouth). Scrushy served as chairman and Chief Executive Officer (CEO) of the corporation for more than 20 years. A Biographical Sketch: Richard Scrushy and HealthSouth. Retrieved March 22‚ 2005‚ from the World Wide
Premium Richard M. Scrushy World Wide Web Chief executive officer
HealthSouth Impact on Stakeholders HealthSouth’s fraud impacted many of their stakeholders. Some of the stakeholders discussed below are the Directors and Management Team‚ external auditors Ernst & Young‚ the employees‚ the patients‚ and Chief Financial Officer Weston Smith. The Board of Directors and Management team engaged in several conflict of interest actions. They were the first company to be charged under the Sarbanes Oxley Act of 2002; which holds financial executives more accountable by
Premium Ethics Enron Chief financial officer
Case Study HealthSouth: The Trials that Temper an Organization1 Table of Contents Abstract ......................................................................................................................................................... 3 Case Overview............................................................................................................................................... 5 Background ..............................................................................
Premium Project management
The Accounting Scandal of HealthSouth HealthSouth Corporation is based in Birmingham‚ Alabama‚ it is the largest provider of rehabilitative health care services. It operates in 26 states in the United States of America and in Puerto Rico. HealthSouth provides rehabilitation hospitals‚ long term heightened care hospitals‚ outpatient rehabilitation satellite clinics and home health agencies. HealthSouth was found by Richard Scrushy in the year 1984 and was called
Premium Stock market Fraud Stock
Fall 10 [Management 3200 – Business & Society 08 Fall I. Background Information a.) HealthSouth Corp. is the nation’s largest provider of rehabilitation‚ outpatient surgery and diagnostic services. Now however‚ it is the nation’s largest inpatient rehabilitation hospital. * At the company’s height in 2003‚ it recorded nearly $4.5 billion in revenue‚ dominated the rehabilitation‚ surgery and diagnostic services market and employed more than 60‚000 people at 2‚000 facilities
Premium United States Health care Management
HealthSouth Fraud Richard Scrushy was the founder of HealthSouth he graduated from Jefferson State Community College and become a registered respiratory therapist after studying at Alabama Birmingham University. He later went to St. Louis and became the regional director of the respiratory therapy department at Lifemark. He eventually moved to Houston and became the COO. In 1984 He left to follow his dream of creating a rehabilitation center in Little Rock. The company changed their name from Amcare
Premium Health care Medicine Health insurance
In Order to pursue his dream‚ Richard Scrushy wanted to build a better future for him and his wife. After graduating from the University of Alabama‚ he obtained an entry level job at Life-mark Corp. Scurshy started from the bottom and climbed his way up to success. In 1984‚ Scrushy found HealthSouth‚ to providing a healthcare services for senior citizen and athlete. Soon after it opened it‚ started to attract costumers including famous athletes. Scrushy to become one of the most successful business
Premium Richard M. Scrushy Richard M. Scrushy Revenue