Healthsouth

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  • Topic: Richard M. Scrushy, Fraud, Money
  • Pages : 4 (1394 words )
  • Download(s) : 94
  • Published : February 3, 2013
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HEALTHSOUTH
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The Wagon To Disaster|

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“HealthSouth: the Wagon to Disaster”
Is a book written by Aaron Beam covering the rise, fall and repair to a monster health care company. Aaron was one of the founding members of 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 is pulling in the same direction, great things can be accomplished. Aaron, an ex-navy man that had learned a little about business from his father as well as from his time at Louisiana State University, the flagship University Louisiana. He earned an economics degree and served his country in Vietnam. He even earned his CPA in 1978… coincidently I was 6 years old at this time. Aaron seems to be a dynamic and electric individual. He also seems to have some blame issues. At several points in the book Aaron attempts to accept responsibility for his actions and involvement in the fraud, the overstated billions to falsely inflate the share price of HealthSouth. There are even two “heartfelt” apologizes from him, one for not having the back bone to do what was right in the first place. It is obvious that the author hates Richard with all he has. There are several places in the text that Aaron launches into a name calling tirade at Richard. Quotes Like “Richard was a terrible Friend” and sure, Richard and Aaron were two of the four founding members on HealthSouth. Aaron and Richard shared an office and a condo in the early days. Before the company went public the two gentle men traveled together extensively. One...
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