Ex-executive: Scrushy told staff to 'fix the numbers'
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Fired HealthSouth chief executive Richard Scrushy told his staff to ''fix the numbers" to conceal a potential earnings shortfall in mid-1996 when a massive accounting scandal was just beginning, the company's first chief financial officer testified yesterday.
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Management is trying to turn things around, but the company's paying for past mistakes.
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Federal prosecutors yesterday announced new perjury and obstruction-of-justice charges against HealthSouth Corp. founder Richard M. Scrushy, accusing the former chief executive of the rehabilitation
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The former finance chief of WorldCom  Inc. testified on Tuesday that Bernard Ebbers, as CEO, had  pressured him every quarter to meet Wall Street earnings  estimates, repeatedly telling him "to hit the numbers."
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Coca-Cola's chief executive yesterday said the world's largest beverage maker needs to work harder, better execute its strategy, and improve its culture as he warned that third-quarter per-share income will drop at least 24 percent from a year ago. In a speech to employees, CEO Neville Isdell said:
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A federal monitor overseeing drugmaker   Bristol-Myers Squibb Co. has urged that its chief executive and   general counsel be fired, according to a source familiar with   the situation, adding more pressure to the company's board to   make a leadership change.
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BBC boss Mark Thompson says the corporation must keep up with change, after announcing nearly 3,000 job cuts.
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Richard Scrushy, founder and former CEO/chairman of health care giant HealthSouth Corp., has been charged with an additional 58-count indictment, adding to an indictment made against him in November 2003.
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BIRMINGHAM, Ala. -- A key witness against Richard Scrushy testified yesterday the fired HealthSouth chief executive never told him to break the law at the start of a huge fraud, and that FBI agents were ''pressing" him for figures about the scam after he went to investigators.
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NEW YORK -- The former controller of WorldCom Inc. testified yesterday that former chief executive Bernard Ebbers apologized to him in 2000 after company accountants were forced to cover up more than $800 million in expenses. David Myers said he encountered Ebbers in October 2000 at the company's Mississippi headquarters, days after he and other accountants had devised a plan ...
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You expect corporate crisis mavens like Steve Miller, veteran of a dozen turnarounds, to focus on only one thing at a time. But now, as his career winds down, Miller, 66, is doing two things simultaneously: talking about what he's learned in 30 years of troubleshooting while also trying to show he's...
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A former federal official has backed Mike Scrafton&#39;s story that he told John Howard three days before the 2001 election that the children overboard story was wrong.
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Former Walt Disney (DIS) president Michael Ovitz said his 1996 ouster from the company &quot;tainted&quot; him, a situation he hopes to repair with
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BIRMINGHAM, Ala.  - Former HealthSouth Corp.  finance officer William Owens on Friday testified that ousted  Chief Executive Richard Scrushy promised to take care of his  family if Owens took the blame for the massive accounting fraud  at the health-care company.
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Another former top HealthSouth Corp. executive was indicted Thursday for what prosecutors say was his part in a massive fraud as jurors at Richard Scrushy's trial watched a video of the former CEO exhorting, cajoling and warning hundreds of employees at a 1998 meeting.
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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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Lee Scott, chief executive of retail giant Wal-Mart, tells the BBC that his firm's many critics have got it wrong.