Here is the synopsis of our sample research paper on The HealthSouth Scandal. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5 page paper examines the issues defining the HealthSouth scandal including the charges against CEO Richard Scrushy; as well as whether or not the Sarbanes-Oxley Act is flawed. It argues that the Act is sound by the prosecutors at Scrushy's trial were not sufficiently prepared to obtain a conviction. Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: D0_HVHelSou.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
facts of the case, and what the acquittal of HealthSouths CEO might mean for the Sarbanes-Oxley Act. The Facts of the Case The major "players" here are the Securities
and Exchange Commission (SEC), Don Siegelman, and Richard M. Scrushy, the CEO of HealthSouth, Inc., the largest health care provider in the nation. Scrushy founded HealthSouth, took the company public
and became its CEO.1 In June 2007, Scrushy was sentenced to nearly seven years in prison and fined $150,000 for his "role in a bribery scheme."2 In a separate
action, Don Siegelman, former governor of Alabama, and Scrushy were both indicted and convicted on corruption charges stemming from Scrushys donations to "Siegelmans failed 1999 campaign to institute a state
lottery, and Siegelmans appointment of Scrushy to a state board that approved the construction of medical facilities."3 This is a separate case, and Scrushy lost it, though he had the
same legal counsel he had retained in the accounting scandal case, in which he was acquitted.4 The actual accounting scandal, which appears to be one among many instances of
wrongdoing, worked by Scrushy overvaluing the companys stock; that is, he certified that the stock was worth more than it actually was, apparently in an attempt to keep the stock
value from dropping.5 He was able to get away with it because he was the person who was charged by the SEC with the responsibility for certifying the stock value;
they took him at his word.6 The fraud was apparently discovered by a "whistleblower" who reported Scrushy to the SEC. Scrushy was charged under the Sarbanes-Oxley Act. Unfortunately, Sarbanes-Oxley may
not be working as well as it was hoped: the Act was created to establish provisions "to encourage fraud reporting," but a recent report "has determined that those measures may
...