and transparency is obvious. They became oblivious to the fact that they were cheating investors of millions of dollars. Confusion is apparent because they did not know what was ethical anymore. Richard Scrushy was the mastermind behind this fraud. The Board of directors attested to the fact that Scrushy‚ should be held accountable. They eventually figured out his intentions and became aware that his scheme was not in the best interest of the company and the shareholders. Ms. Diane Henze‚ who was
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Founded in 1984 by Aaron Beam‚ former CFO‚ and Richard Scrushy‚ the company’s former chairman and CEO‚ HealthSouth Inc. was on the rise and went public two years after Scrushy impressed a group of Wall Street investors with a presentation on the company’s potential. By 1990‚ HealthSouth expanded to a $1 billion corporation of hospitals and health care centers offering diagnostic services and rehabilitation therapy. By 1995‚ the company had health centers in all fifty states‚ plus 40‚000 employees
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Responsibilities 7 Fate of Parties Involved 8 Effect of Fraud on HealthSouth 9 Conclusion 10 Appendix A 11 Appendix B 12 Appendix C 13 Appendix D 14 Appendix E 15 Appendix F 16 Works Cited 17 Introduction and Background Richard Scrushy founded HealthSouth‚ formerly known as Amcare‚ Inc.‚ in 1984 in Alabama. HealthSouth is a provider of medical rehabilitation services‚ as well as outpatient surgery and occupational medical services. The company experienced rapid financial growth
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Birmingham‚ Alabama in the year 1984 by a respiratory therapist name Richard Scrushy. By the year 1999‚ HealthSouth had grown to house 230 surgical centers‚ 120 inpatient hospitals‚ 5 medical centers‚ 129 diagnostic centers and 1379 outpatient rehab centers and was worth an estimated billion dollars. It was revealed that HealthSouth started their downward spiral in the year 2002‚ which paralleled the timeframe that Scrushy sold of ~ $100‚000 in HealthSouth Stock Options. Within the following
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HealthSouth. A main focus of “HealthSouth: The Wagon to Disaster” is the life‚ instructions and actions of Richard Scrushy. Richard was the founding leader of HealthSouth‚ and by the account of Aaron‚ Richard was also the origination of the downfall of the health care giant. Richard is also the man behind the “Wagon” theme of this book. Aaron uses a motivating mantra coined by Richard in the early days of the HealthSouth know as “Puling the Wagon” to illustrate to his readers how if everyone
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Scrushy’s? An obstacle to Aaron Beam’s moral behavior is when he moved some of the business start up costs as expenses and lists them as capital investment‚ which inflates the company profit margins. Beam initially did this because of the pressure from Scrushy to make the company appear more profitable. Then‚ the cycle continues. 2. Explain how Aaron Beam might have used the “loyal agent’s arguments” to defends his actions. Do you think that in Aaron Beam’s situation the “loyal agent’s argument” might
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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
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fact most cases relate more to theft or dishonesty. Many recent cases such as HealthSouth case prove that making the right decision is often seen in our society. Choosing the right decision may not always be a clear decision. Richard Scrushy‚ is an example of this. Scrushy was the CEO of HealthSouth Corporation. He was known to many is home state of Alabama as a hero and philanthropist. However‚ it wasn’t until 2004‚ where many of those who adored him had discovered that he had taken part in embezzlement
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Early Life Richard Milhous Nixon grew up in Yorba‚ California the son of Quakers Frank and Hannah Nixon. During Nixon ’s childhood in Yorba‚ the family was always on the edge of poverty. The lemon grove was unfruitful‚ and there was little money for anything beyond food and clothing for the growing family. The Nixons never ate in a restaurant or took even a brief vacation. Nixon ’s early life was one of boyish stubbornness. He swam in the dangerous Anaheim Canal in spite of repeated warnings from
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according to recent investigation‚ some elected officials are‚ themselves‚ important crime leaders. A prime example of this is Illinois politician and former mayor of Chicago‚ Richard M. Daley. Daley’s family has great historical significance within the city as his father‚ Richard J. Daley‚ was also mayor of Chicago. His brother William M. Daley served under former U.S. president Bill Clinton as U.S. Secretary of Commerce and their older brother John P. Daley is the finance chairman on the Cook County Board
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