Healthsouth: The Rise and Fall Essay -- essays research papers

Running head HEALTHSOUTH THE RISE AND FALLHealthSouth The Rise And FallAbstractRichard 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 flowerpot for more than 20 years. A Biographical sketch Richard Scrushy and HealthSouth. Retrieved March 22, 2005, from the reality Wide Web http// vane.richardscrushy.com/biography.aspx. The U.S. Securities and Exchange Commission charged HealthSouth Corporation and CEO Richard Scrushy with fraud, alleging the wampum of HealthSouth have been extremely overstated since approximately 1999. Bassing, T. (2003, March 19). SEC charges Scrushy 41.4B civil fraud alleged. Birmingham Business Journal. Retrieved March 23, 2005, from humanness Wide Web http//birmingham.bizjournals.com/birmingham/stories/2003/03/17/daily30.html?t=printable. Scrushy has been r eplaced Jay Grinney (Grinney) who recently accepted the position of President and CEO of HealthSouth. Grinney has a vision for HealthSouth and is confident he will succeed in restoring the corporation to its original perspective of leadership in the world of healthcare.HealthSouth The Rise and FallRichard Scrushy (Scrushy) was born in Selma, aluminum in 1952. He had two siblings which consisted of an older sister and a young brother. Scrushy was raised by two working parents and the family attended a local Methodist Church located in Selma. As a young boy, Richard was constantly able to find a job making money. His entrepreneur endeavors emerged during his teenage years and continued there after. A Biographical Sketch Richard Scrushy and HealthSouth. Retrieved March 22, 2005, from the World Wide Web http//www.richardscrushy.com/biography.aspx. Scrushy chose to continue his education beyond high school and was graduated from college, but not before marrying his first married woman and becoming the father of two children. During his years in higher education, he became interested in respiratory therapy and enrolled in the respiratory therapy program at the University of Alabama at Birmingham (UAB). Scrushy was intellectually gifted, had excellent leadership abilities and quickly began climbing the corpo... ...ushy Please Step Forward, The New York TimesA Biographical Sketch Richard Scrushy and HealthSouth. Retrieved March 22, 2005, from the World Wide Web http//www.richardscrushy.com/biography.aspx. Rehab Resource (March 1, 2005). Administrators Corner, Volume 5, Issue 3Retrieved March 22, 2005 from the World Wide Web Institute For Global Ethics, November 10, 2003, http//www/globalethics.org/newsline/members/issue.tmpl?articleid=11100316510695Retrieved March 22, 2005 from the World Wide Web U.S. Department of Justice, September 29, 2004, www.usdoj.gov/usao/alnRetrieved March 22, 2005 from the World Wide Web http//www.al.com/specialreport/birminghamnews/healt hsouth/scrushypay.jpgRetrieved April 5, 2005 from the World Wide Web http//www.healthsouth.com/medinfo/home/app/frame. Retrieved April 5, 2005 from the World Wide Web http//www.al.com/specialreport/birminghamnews/healthsouth/index.ssf Retrieved April 5, 2005 from the World Wide Web http//www.usatoday.com/money/industries/health/2004-10-25-scrushy-cover_x.htmRetrieved April 6, 2005 from the World Wide Web A Guide To The Sarbanes-Oxley Act, 2002. http//www.soxlaw.com/