...Scrushy-Biography……………………………………………………………………….5 Health South History………………………………………………………………………………6 Health South Down Fall…………………………………………………………………………...7 Sentence…………………………………………………………………………………………...8 Sentence…………………………………………………………………………………………...9 Conclusion……………………………………………………………………………………….10 References……………………………………………………………………………………….11 Abstract This paper looks at the rise and fall of the Health South Corporation along with its founder and CEO, Richard Scrushy. One of the biggest fraud cases in recent history, this one company over- stated its revenue by four billion dollars, causing many people to lose both their life savings and their jobs. Over fifteen people received jail sentences, and even the Governor of Alabama went to prison. Richard Scrushy was sentenced to seventy (70) months in prison. Introduction Mr. Scrushy started his company in 1986, and by 2003 he had lost everything. However, what happened in those seventeen years was spectacular. Scrushy started a small firm which grew into a nationwide company employing over sixty thousand employees. By all appearances he was the golden boy in the medical insurance industry - acquiring other, smaller companies in order to expand his own corporation and enhance his own income. During those seventeen years Mr. Scrushy’s income exploded; he purchased lucrative homes, expensive art, cars and yachts. His personal life soared upwards. His reputation in business was that of a shark; he was abrasive...
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...Assignment: #4 Case #10 Nucor Corporation BUS 599 Discuss the trends in the steel industry and how it may impact Nucor’s strategy. After the 2008 financial and economic crisis, the world steel industry’s recovery has been uneven, but it is recovering faster than expected. The global steel production declined from 129 million metric tons (mmt) in March 2011 to 127 million metric tons in April 2011. However, production increased 5 percent from April 2010. As of the April 2011 first quarter reporting, the United States has produced 28.3 mmt, which is up 6.8% from the same period last year [ (Leybovich, 2011) ]. “In a report earlier this month, the Organisation for Economic Cooperation and Development (OECO) forecasts that global demand for steel would increase 6 percent in both 2011 and 2012. Growth over the next few years is expected to be considerably faster in emerging markets than in developed ones [ (Leybovich, 2011) ].” Nucor is the second largest steel producer in the United States, only behind U.S. Steel. Nucor is considered a low-cost steel producer in the U.S. and the most efficient and technologically advanced steel producer in the world [ (Thompson/Strickland/Gamble, 2010) ]. Nucor is North America’s largest recycler, 17 million tons in 2010, and uses the scrap steel as the raw material to produce steel and steel products [ (SEC filings Nucor Corporation Form 10-K, 2011) ]. Employing multiple approaches, Nucor’s growth strategy...
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...MEMORANDUM FROM: X SUBJ: “Nucor in 2013” Case Analysis EXECUTIVE SUMMARY The success of Nucor results in correct strategy that managers selected. Nucor Corporation is the largest steel manufacturer in the United States. The steel industry is a fragmented industry. There are many marginal competitors existing in the steel industry. Competitions are high. Nucor is in mature stage of the business life cycle. In this stage, Nucor needs to gain more market share. I strongly recommend Nucor develop product diversity, and spread great company culture to earn sustainable profit growth. ANALYSIS The steel industry in U.S. is not a great industry to begin business for a company due to the economic environment. A bunch of steel companies are facing bankruptcy. However, Nucor breaks the barrier and has strong development in this environment. Industry Analysis. The U.S. steel industry is facing recovery from global recession period, and is in the worst economic period dating back to early 1980s. Also, a number of steel companies have faced bankruptcy, reorganization, or no longer operating. Moreover, because of overcapacity, the steel industry has become a burden that U.S. is willing to get rid of. That is to say, trying to break the siege of the status quo in the steel industry is a challenge to Nucor. Porter’s Five Forces Model. Porter’s five forces model can help identify the current state of Nucor in the steel industry. First of all, new entry to this industry...
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...F1. 203 8TH ST N, CLANTON, ALABAMA, 35045-2750 | 2. 2806 7TH ST N APT D4, CLANTON, ALABAMA, 35045-2198 | 3. 13650 COUNTY ROAD 29, CLANTON, ALABAMA, 35045-4811 | 4. 170 COUNTY RD 749, JEMISON, ALABAMA, 35085 | 5. 1547 COUNTY ROAD 205, JEMISON, ALABAMA, 35085-4216 | 6. 1547 COUNTY ROAD 205, JEMISON, ALABAMA, 35085 | Physician Return Address | 13135 OLIVEWOOD ROAD, COKER, ALABAMA, 35452 | | SNo. | Directions | Miles | Total(mi) | 1. | Depart Olivewood Rd toward Rose Blvd | (0.5mi) | (0.5mi) | 2. | Turn left onto Rose Blvd | (2.7mi) | (3.2mi) | 3. | Road name changes to Joe Mallisham Pkwy | (6.5mi) | (9.7mi) | 4. | Take ramp left for I-20 East / I-59 North toward Tuscaloosa | (4.7mi) | (14.399mi) | 5. | At exit 73, take ramp right and follow signs for US-82 | (0.2mi) | (14.598mi) | 6. | Turn right onto US-82 E / AL-6 E / McFarland Blvd E | (29.6mi) | (44.198mi) | 7. | Turn right onto AL-219 | (1.0mi) | (45.198mi) | 8. | Turn left onto AL-25 / AL-58 / AL-219 / Walnut St | (0.3mi) | (45.498mi) | 9. | Turn right onto US-82 / AL-219 | (21.0mi) | (66.497mi) | 10. | Take ramp right and follow signs for AL-22 West / AL-22 East | (0.2mi) | (66.697mi) | 11. | Turn left onto AL-22 | (1.6mi) | (68.297mi) | 12. | Turn right to stay on AL-22 | (14.8mi) | (83.097mi) | 13. | Turn right onto 8th St N | (0.1mi) | (83.196mi) | 14. | 203 8TH ST N, CLANTON, ALABAMA, 35045-2750 Member Name : Sherry H Senn, Primary Phone : 2052877764, Alternative Phone :2052877763...
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...Gabrielle Grant Professor Robert Birt May 5, 2015 Free Angela Angela Davis was a Civil Rights Activist that had a lot of impact in United States. She fought for the oppressed and the struggle for Black people. Angela was born on January 26, 19444 in Birmingham Alabama. She already had knowledge of racial discrimination due to growing up in her home town. She was friends with some of the girls who died in the Birmingham church bombing of 1963. She later moved to Massachusetts where she attended Brandeis University. There she studied philosophy and became a master scholar. As a graduate student she attended University of California. Soon after she became a part of several groups, Black Panthers being one but most of her time was devoted to an African American communist group Che-Lumumba Club. Davis got a job teaching at University of California. The administration found out about her relationship with communism. She was then fired, but she fought them in court and got her job back. Davis had become a strong supporter of the Soledad prisoners. Three inmates who were not related, there were John W. Cluchette, Fletta Drumgo and George Lester Jackson. They were accused of killing a prison guard. Many thought they were being accused because of their political beliefs and work. In August 1970 during Jacksons trial an escape attempt was made and several people in the court room were killed. Davis was being convicted of being apart of what...
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...Outline summary 9/30/13 The Bombing of the 16th Street Baptiste Church General Purpose: To inform my audience about the bombing of the 16th street Baptiste church. Specific Purpose: The tragedy of the bombing of the church, and how it helped change history. Thesis Statement: The bombing of the 16th street Baptiste church was one of America’s most horrific tragedies. Introduction “Auntie can I borrow your compact, brush, and a quarter?” Those were the last words of a little girl 12 years old who died in the bombing of the 16th street Baptiste Church. She was one of four little girls who died that day, Denise McNair, Addie Mae Collins, Cynthia Wesley, and Carole Robertson. They lost their lives because of hatred and an unwillingness to change. The events that happened on September 15, 1963 would be remembered in US history forever. I have heard of this event my whole life. My mother has vivid memories of visiting this very same church as a child while on summer break visiting relatives in Birmingham. I will take you a journey of the history of this historic landmark, the tragic events of this day, and the aftermath of that day in civil rights. Transition: I want to begin by giving you a look at the start of this church. Body I. Sixteenth Street Baptist Church was the first African American church to be organized in Birmingham. A. According to the church’s official website, the church was formed in 1873 on 16th and 6th st in Birmingham Alabama...
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...unfolded, it highlighted many other issues such as: The role of Board of Directors in corporate governance; the role of the auditors; the effect of conflict of interest between an accounting firm and its consulting arm on auditing; whether the relationship between an investment bank and a company affects the quality of the bank’s research reports on the company; whether the executive compensation that overly relies on company’s earnings provides an incentive for committing such fraud; whether a strong leader can silence all voices of reason in an organization. Background Scrushy, once a high school dropout, worked as a gas station attendant and a bricklayer before returning to school and earning his diploma. He studied at University of Alabama, Birmingham and graduated...
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...HealthSouth Corporation: Fraud, Greed and Corporate Governance Manmohan D. Chaubey, Ph.D. The Pennsylvania State University One College Place Du Bois, PA 15801 (USA) Tel: 814-375-4846 Fax: 814-375-4784 Email: mdc13@psu.edu Case for ICMC2006 International Conference on Management Cases 4-5 December 2006 IMT Ghaziabad, India HealthSouth Corporation: Fraud, Greed and Corporate Governance During the 1990s, Richard M. Scrushy, the former CEO of HealthSouth Corporation, engineered many acquisitions of rehabilitation clinics, outpatient surgical care operators, nursing homes and other health care companies. In 2003, the Securities and Exchange Commission (SEC) accused the company and Scrushy of inflating earnings to the tune of $1.4 billion since 1999. In November 2003, a federal grand jury indicted Scrushy on 85 counts including conspiracy, securities fraud, money laundering and charges related to overstating HealthSouth’s earnings by nearly $3.0 billion. According to federal investigators, the company overstated earnings to meet analysts’ earning estimates, while hiding the accounting fraud from the auditors. However, questions were raised whether the auditors failed to find or simply overlooked the fraud at HealthSouth. Central to the investigation was the issue of what role Scrushy played in “cooking the books.” However, as the case unfolded, it highlighted many other issues such as: The role of Board of Directors in corporate governance; the role of the auditors; the...
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...JONA Volume 42, Number 10, pp 461-466 Copyright B 2012 Wolters Kluwer Health | Lippincott Williams & Wilkins THE JOURNAL OF NURSING ADMINISTRATION Nurturing Charge Nurses for Future Leadership Roles Patricia A. Patrician, PhD, RN, FAAN Douglas Oliver, DNP, RN, ACNS-BC, NE-BC Rebecca S. Miltner, PhD, RNC-OB, NEA-BC Charge nurses are untapped leadership resources that can be groomed for future advanced leadership positions in healthcare organizations. The purpose of this study was to understand the development needs for the charge nurse role. This study demonstrates they receive little or no training for assuming positions of leadership and offers suggestions for enhancement of preparation. There is growing evidence of an impending crisis in chief nursing officer (CNO) retention.1 Seventy percent of CNOs report they will change jobs or retire in the future.2 The critical need for succession planning in nursing leadership has been demonstrated, yet two-thirds of CNOs reported that they do not have succession plans in place.3 Proactive planning is clearly needed to prepare the next generation of nursing leaders.4 The 1st step in succession planning is to identify nurses to mentor and develop. Commonly, nurses in management roles are likely candidates for development; however, many organizations do not consider charge nurses candidates for advancement based on the perception of the role as more of a task master than leader.5 Martha Dawson, DNP, RN, FACHE Kathleen A. Ladner,...
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...RachelL.Samuel 7100 Buckram Oak Drive ( Montgomery, AL 36117 ( 334-603-5142 ( rsamue01@live.com PROFESSIONAL SUMMARY Highly qualified human resource/customer service/operations specialist with a formidable academic background and 15 years of progressive real world career development; proven leader and mentor who quickly becomes an asset to any quality focused organization. Expert in high volume and full cycle recruiting for an auto manufacturing or warehouse environment, utilizing several different sourcing avenues to include social media (twitter, face book, linked- in and zynga) environment, e-verify administrator, understanding of employment law. Responsible for developing efficiency-enhancing workflow/process improvements that aided our ability to reach and exceed the clients expected goals. Managed workman compensation and unemployment claims, attend all unemployment hearings on behalf of my agency and our clients. Conduct performance reviews and incident investigations. Key Skills |Office Management |Accounts Payable/Receivable |Siebel 7 | |Teambuilding & Supervision |Payroll |Management Essentials | |Staff Development & Training |Defined Contribution/Defined Benefit |Microsoft Office Applications | |Policies & Procedures Manuals...
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...B., Chapman, C. G., & Murphy, P. (2012). The effect of intense physical therapy for children with cerebral palsy. Journal Of Pediatric Rehabilitation Medicine, 5(3), 159-170 This study was conducted at the University of Alabama at Birmingham and the University of Alabama at Birmingham’s Physical Therapy Department carried out this experiment. Goal of this study was to test the effectiveness of intense physical therapy intervention on children with cerebral palsy. 17 children were chosen for this study. They wanted to see if intense physical therapy could help gross motor and community walking in children with cerebral palsy. There is no bias in this article. There is no bias because this article is just a report on the study. Other occupational therapist and parents would benefit from this article. It would be able to offer more information on this therapy and how effective it is. This article is very in depth and provides great...
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...Education is life itself so lets preserve it! Human beings are hungry for information for this is the only way they learn new skills habits and change of behaviour so let do it! When doing your ordinary work do it exceptionally well. Home Remediation in the classroom should be dom more ca... The School and Schooling Environment: Teachers and... AIMS AND OBJECTIVES OF EDUCATION IN THE SOCIETY'S ... TIPS TO NEWLY QUALIFIED TEACHERS Education as an Instrument of Social Change Handle life with care: prevention of violence and ... The School Should Help to stop Indiscipline Among ... Education as an Instrument of Socio-Economic Devel... Schooling and work Making Yourself a good Reflective teacher! 16 October 2010 LESSON DELIVERY SKILLS: STIMULUS VARIATION Every lesson is a unique thing influenced by the emotions of the teacher and learners.The teacher can make lesson more interesting through the effective use of stimulus variations to make learners motivated on grasping concepts. According to longman dictionary stimulus variation is something which is the cause of activity. Stimulus variation is a way of enhancing children learning by helping them remain attentive.It is a way of maintaining students ' attention. If the teacher talks too long students are bound interests or eye conduct to the teacher.The teacher should reduce talking such that pupils has interest in what they are doing through varying stimulus. A teacher...
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...Biography of Andrew Jackson Young Jr. Who was Andrew Young Jr.? Most people immediately associate him with Dr. Martin Luther King, Jesse Jackson and the Civil Rights Movement. I chose to write about Andrew Young because of his strong feelings about the rights of black Americans. He felt that everyone, black or white, should have equal rights. Andrew fought along the side of Martin Luther King, Jr. and continued the work after King's death. The Civil Rights Movement required many dedicated and determined souls. Andrew Young, like Dr. Martin Luther King Jr. was a man of peace who believed in using love vice hate to settle disagreements. He accomplished many wonderful things to help Martin Luther King's Dream live on. Andrew Jackson Young Jr. was born March 12, 1932, in New Orleans, Louisiana, during the depths of the Great Depression and Jim Crow segregation. His grandfather had been a successful businessman who had operated a drugstore, a pool hall, and a saloon. His father, Andrew Young Sr. was a dentist and his mother Daisy Fuller Young was a school teacher. The Young’s were among the elite of the city’s black population, which was largely poor and uneducated. Dr. Young Sr. could have afforded to live in a well-to-do white neighborhood, but no one would sell to him.(African American pg 104) .His parents were always very supportive of Andrew and his brother Walter. His parents always taught them the importance of religion and education and to treat others with respect...
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...University of Alabama – Birmingham Department of Civil Engineering Lab Summary 1 Dennis D Gray Shayla Olson Chelsea Caldwell Collin Hipps Jamieson Matthews David Pritchett Dustin Schultes Michael Ragan Mark Casson 02/15/13 CE 222 Materials Laboratory Craig A. Copham Introduction The purpose of this lab was to design, mix, and test a specimen of concrete based on a specified strength, and the ingredients used in the testing were cement, air, water, sand, and stone. There was a batch of concrete design to reach the maximum of 5000 psi. The concrete mix designed was done from ASTM ACI 211 Chapter 6. To determine the slump and air content ASTM C143 and C231 were used. To calculate the unit weight and making curing concrete test specimens in the laboratory ASTM C138 and C192 were used for these different test. Once the test specimens were completely equipped they were covered for a period of time and additional testing was done. Results Concrete Mix Design |Material |SG |Design Wt.(pcy) |Vol. (ft^3) |MC % |Abs. % | |Cement |3.15 |763 |763 |3.88 |782 | |Water |1 |305 |292.04 |4.68 |299 | |Stone |2.6 ...
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...Organizational Change Plan – Part I The purpose of this paper is to create a plan for an organizational change that will include the examination of the proposed change, organizational, and individual barriers. Along with identification of factors that influence the change. A summary concerning the readiness for change within the organization will be provided and the theoretical model that relates to the change will be discussed. Finally, internal and external resources that are available to make the change a success will be discussed. Examine the need in the organization for change Change is needed as evidenced by three critical steps. First, the decisions made by leadership have affected the behaviors of each employee within the organization in a negative manner. Second, mobilization that shaped the behavior of SC employees internally has been disrupted causing low morale and rebellion. Third, the action made by upper management has a reaction, mobilizing adaptive behavior is gone and unless these three steps are corrected the company is in jeopardy (Spector, 2010). SC is one of the largest hospice providers within the United States. It was founded in Birmingham, Alabama. Today there are more than 75 offices in 15 states and provides care to over 3,000 patients. SC is located in non-Metropolitan areas, which are in need of hospice services (“Southern Care at a Glance, 2012”). SC is an organization of caring for those who curative measures are no longer an option....
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