Friday, March 04, 2005

HealthSouth CEO Scrushy had a Fatal Flaw

Things look bad for Richard Scrushy, former CEO of HealthSouth. The guy might actually go to prison, as opposed to Kenny Boy Lay of Enron.

"Kenny Boy" is the difference. Bush had a nickname for Lay. Scrushy has no such White House connections; so down he goes.

Yahoo! News - Witness: Scrushy Feared Fraud Revelations

"Scrushy is accused of conspiracy, fraud, money laundering, obstruction of justice and perjury. He also is charged with false corporate reporting in the first test of the 2002 Sarbanes-Oxley Act against a chief executive.

If convicted, Scrushy could get what amounts to a life sentence and be ordered to forfeit as much as $278 million in cars, boats, homes and other assets."

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