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Scrushy's Healthsouth

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Scrushy's Healthsouth
The CFO, Scott Sullivan withheld information from the accountant, Arthur Anderson in order to inflate the profits of the company. The CEO wanted the company to grow and used the company stock for the acquisition for which stock had to increase in value. Scrushy, the CEO of HealthSouth, took advantage of the ownership of the company’s multiple assets. The company’s earnings were released each quarter and if the figures were less than Wall Street estimates, the CEO would instruct the accountants to manipulate the accounts in order to meet the expectations. Company’s assets were overstated to meet the increases in its
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