INTRODUCTION This paper discusses the HealthSouth Case including the activities and subsequent prosecution of its CEO, Richard Scrushy. “During the trial of former HealthSouth CEO Richard Scrushy, federal prosecutors argued that Scrushy must have known something was amiss with HealthSouth’s financial statements since there was a discrepancy between the company’s financial and nonfinancial performance.” Over a ten-year period from 1987 to 1997, HealthSouth enjoyed above–average growth at a rate
Words: 2339 - Pages: 10
liability for the contracts they sign because they work for the company. As a result, businesses in the riskiest industries—such as manufacturing—incorporate. Managers are contracted, they are liable for their own misconduct, but they aren’t liable for corporate wrongful acts committed by other managers or employees. Therefore, shareholders, officers, and directors have limited liability for the obligations of the business. Profits that are earned are not reported by the shareholder to the IRS. The shareholder
Words: 1093 - Pages: 5
Corporate Tax Return Project This assignment requires the completion of a Federal corporate tax return, the 2009 return for the Jackson Corporation. The return involves the first year of operations of Jackson Corporation. You may prepare the tax return using tax software or use the IRS’s “fill-in” forms. The forms may be found by going to www.irs.gov go to - Forms and Publications. Under Forms and Publications there is a link to “previous years” for the 2009 forms. I highly suggest using
Words: 1174 - Pages: 5
Introduction WorldCom’s strategy was growth through acquisition, which was a complex and often time consuming effort. Performing mergers and acquisitions too closely to one another can cause problems that may not be overcome easily, if at all. Shareholders are often the ones who get the short end of the deal when companies continue this type of strategy. The struggle when acquiring a new company is an attempt to continue the same, or better, level of customer service with a seamless transition
Words: 1340 - Pages: 6
punishment for endeavoring to establish unions in 1935. In the 1960s, Federal Civil Rights created laws against employees who fire workers because of their race, national origins, color, religion, sex, age or disability. Federal and state statutes incorporated protection from retribution for employee who addresses defilements of environmental workplace safety laws in the 1970s. Congress, in 2002, passed corporate
Words: 649 - Pages: 3
belief that risks are outweighed by the potential gains” Reference: Corporate governance –The new focus of interest.[ Editorial].( 1993, January). Oxford: Blackwell, pp. 1-3. Jordan, C. (2012). Cadbury Twenty Years On. Villanova Law Review Stiles, P. and Taylor, B. (1993) ‘Maxwell-The failure of corporate governance’, Corporate governance-an international review, 1(1), pp. 314-327 Boyd, C.: 1996, ‘Ethics and corporate governance: The issues raised by the Cadbury report in the United Kingdom
Words: 956 - Pages: 4
private prison companies that make profits off of their inhabitant’s labor. Contrary to popular belief almost all Americans are criminals because most have broken the law in some way. You don’t agree? Consider these few examples of “law breaking criminals”. The next time you are driving, see how many people are following the law by not driving faster than the posted legal speed limit. Take for example the growing number of people pirating digital content to upload onto their mp3 players or cell
Words: 777 - Pages: 4
Benefits of Good Corporate Governance to a Corporation: Culture within the organization and industry improves, Shareholder confidence improves, Companies that are seen as well governed get a premium for their stocks, Creation and enhancement of a corporation’s competitive advantage, Enabling a corporation perform efficiently by preventing fraud and malpractices, Providing protection to shareholders’ interest, Creates additional shareholder value over time, Enhancing the valuation of an enterprise
Words: 2992 - Pages: 12
Social institutions are universal and so is deviance in these institutions. Before analysing the topic of the universal presence of Social institutions and deviances found in these institutions,it would be necessary to first understand the concepts of an 'INSTITUTION' and 'DEVIANCE'. INSTITUTON An institution is any structure or mechanism of social order governing the behaviour of a set of individuals within a given community. Institutions are identified with a social purpose, transcending individuals
Words: 1901 - Pages: 8
Corporate Governance What is Corporate Governance? Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, management, and the board of directors. Other stakeholders include labor(employees), customers
Words: 2392 - Pages: 10
