CFO: Scrushy Said to 'Fix the Numbers'
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HealthSouth Corp.'s first chief financial officer testified Wednesday that then-CEO Richard M. Scrushy told him and a colleague to "fix the numbers" when quarterly earnings were below analyst expectations in mid-1996.
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Chief executives in the United States  are not as pessimistic as the Business Council thought last  week when it issued its economic survey, the group said on  Tuesday, citing a "tabulation error."
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Management makes a rare interim comment on consensus estimates.
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Â· Corporation seeks to repair damaged relationsÂ· Clips misrepresented sequence of events
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BIRMINGHAM, Ala.  - Former HealthSouth Corp. Chief  Executive Richard Scrushy scoffed at a U.S. Securities and  Exchange Commission investigation in recordings played in court  on Wednesday during his fraud trial.
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BIRMINGHAM, Feb. 10 -- Former HealthSouth Corp. chief executive Richard M. Scrushy told his finance chief who contemplated walking away rather than persist with a $2.7 billion accounting fraud, "Let's don't take ourselves out. Let's don't throw all these people to the wolves. Let's don't destroy this," according to audiotapes played at his fraud trial Thursday.
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The board of Fannie Mae has been discussing a possible executive shake-up as the embattled mortgage giant responds to regulators&#39; allegations of accounting violations and faces a likely restatement of $9 billion or more in earnings.
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Federal regulators question the ability of the company's management to correct its extensive problems.
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BIRMINGHAM, Ala.  - Former HealthSouth Corp. Chief  Executive Richard Scrushy tried to convince one of his longtime  lieutenants not to tell the government about accounting fraud  at the company, according to tapes played at his criminal trial  on Thursday.
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Whether mortgage finance giant Fannie Mae will have to restate its earnings as a result of accounting problems cited by regulators will be up to the Securities and Exchange Commission to consider, a company executive said Tuesday.
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Almost fully functional Cluster Watch: Day 6 It may have been CEO Darl McBride or attorney David Boies, but someone has stepped up to fix the SCO Group's web site.â¦
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Fired HealthSouth chief executive Richard Scrushy actively orchestrated and participated in a scheme to overstate earnings at the rehabilitation giant, a former finance chief testified as prosecutors got to the heart of their multibillion-dollar fraud case against Scrushy.
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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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Reorganisation may kill it SCO has filed its latest annual report with the Securities and Exchange Commission, and it makes grim reading.â¦
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BIRMINGHAM, Ala.  - A former HealthSouth Corp.  finance officer testified on Monday that ex Chief Executive  Richard Scrushy told him to keep his fellow conspirators in  line as a probe into accounting fraud at the health-care  company intensified in March of 2003.
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(Corrects David Hauserâs title to CFO from CEO in paragraph 3)
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The head of the company's on-demand operations explains its position and philosophy.