HealthSouth Names John Workman CFO
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HealthSouth Corp. HLSH.PK, an  operator of rehabilitation, diagnostic imaging and surgery  centers, on Tuesday said it hired the former chief executive of  U.S. Can Co. to be its chief financial officer.
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Former HealthSouth Corp. president and director James P. Bennett was indicted yesterday for what prosecutors say was a massive fraud at the rehabilitation giant, even as the trial of former chief executive Richard Scrushy continued.
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MONTGOMERY, Alabama  - Ousted HealthSouth Corp. Chief Executive Richard Scrushy, acquitted two years ago in a major corporate fraud case, and former Alabama Gov. Don Siegelman were both sentenced to prison on Thursday for bribery.
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Prosecutors opened their fraud case against former HealthSouth Corp. chief executive Richard M. Scrushy on Tuesday, telling a jury he was the man entrenched in a wide-ranging conspiracy to inflate the company's earnings by $2.7 billion.
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BIRMINGHAM, Ala.  - Lawyers for former HealthSouth  Corp. Chief Executive Richard Scrushy on Tuesday tried to show  that one of his longtime top lieutenants directed the  accounting fraud at the company and had more of a motive to do  so than Scrushy.
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BIRMINGHAM, Ala. -- A federal judge has scheduled jury selection in the fraud trial of fired HealthSouth Corp. chief executive Richard Scrushy to begin Jan. 5.
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BIRMINGHAM, Alabama  - A Federal judge on Tuesday   sentenced former HealthSouth Corp.HLSH.OB Chief Financial   Officer Michael Martin to 36 months in prison, marking the   third time he has been sentenced for his part in a $2.7 billion   accounting scandal that rocked the company.
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(InfoWorld) - Bob Wayman is retiring as executive vice president and chief financial officer (CFO) of Hewlett-Packard Co. (HP), capping a 37-year tenure at the company. Wayman, 61, will step down at the end of the year to be replaced by Cathie Lesjak, 47, currently HP's treasurer and senior vice president. Wayman began his HP career in 1969 as an accountant and worked his way through a number of finance positions until he was named CFO in 1984. He helped guide HP through its controversial acquisition of Compaq Computer Corp. in 2002 and served as interim chief executive officer (CEO) after the board fired CEO Carly Fiorina in February 2005. He served until Mark Hurd was hired as Fiorina's replacement in April of last year. Wayman served in HP's board from 1993 to 2002 and again since February 2005. He will remain on the board until the shareholders meeting in 2007 but will not stand for re-election. "He has contributed greatly to HP's success and I am particularly grateful for the counsel and support he has provided me," said Hurd, in a prepared statement. Lesjak has been with HP for 20 years and has been treasurer since 2003. As CFO she will be responsible for the company's financial operations including all business unit and corporate controllership, treasury and tax functions. Her successor as treasurer will be named at a later date.
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Richard Scrushy, the founder and  former chief executive of scandal-rocked HealthSouth Corp., has  subpoenaed CBS News journalist Mike Wallace as a witness at his  criminal trial later this month.
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Prosecutors got to the heart of their fraud case against fired HealthSouth CEO Richard Scrushy on Tuesday with a former finance chief testifying Scrushy told him to overstate earnings of the rehabilitation giant.
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British property firm Segro has agreed to sell its U.S. life sciences real-estate business to Health Care Property Investors Inc. for $2.9 billion as it moves to focus on Britain and continental Europe.
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BIRMINGHAM, Feb. 1 -- As HealthSouth Corp. officials began to inflate the company's earnings in 1996, chief executive Richard M.  Scrushy's central question was, "Could I get this past the auditors?" former chief financial officer William T. Owens testified Tuesday.
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HealthSouth, the US hospital operator, on Thursday settled allegations that it defrauded federal health insurance programmes by agreeing to pay $325m.
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Richard Scrushy's trial on corporate fraud charges opened Tuesday with a prosecutor telling jurors the fired HealthSouth CEO was the driving force behind a conspiracy to overstate earnings in the rehabilitation giant by about $2.7 billion.
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Troubled HealthSouth (HLSH:OTC-BB - news - research)has agreed to pay $325 million to settle federal charges that it overbilled Medicare.
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Prosecutors indicted another former HealthSouth executive for his role in a $2.64 billion accounting fraud at the health care facilities operator, US Attorney Alice Martin said.
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HealthSouth Corp. , an operator of health care facilities, said on Thursday it agreed to pay &#36;325 million to settle U.S. Department of Justice charges that it improperly billed Medicare.