Going South: An Inside Look at Corruption and Greed, and the Power of the HealthSouth Message Board

Going South: An Inside Look at Corruption and Greed, and the Power of the HealthSouth Message Board
ISBN-10
1419520172
ISBN-13
9781419520174
Series
Going South
Category
Business & Economics / Management
Pages
309
Language
English
Published
2005
Publisher
Dearborn Trade Pub.
Author
William Cast

Description

A David and Goliath tale for readers looking for a stinging exposi of corporate corruption.

Meet a charismatic CEO, a group of disgruntled investors, and outspoken employees on a Yahoo! message board, eager to uncover corporate scandal. In "Going South," William Cast mixes this wild cast of characters with a tale of cyber technology in one of the most compelling business books published in recent years.

This fast-paced expose details the journey of HealthSouth celebrity CEO and founder Richard Scrushy, from the boardroom to the courtroom, as the first executive to be indicted -- and acquitted -- for accounting fraud under the new Sarbanes-Oxley Act. "Going South" shows how online whistle blowers were able to uncover accounting discrepancies, and how small investors who had lost everything in HealthSouth increased their holdings by trading on a Web site dedicated to over-the-counter securities.

In "Going South," you'll discover:

• How high-school dropout and CEO Scrushy managed a corporation of more than 44,000 employees in 1,700 clinics -- while leading a country western band and flying corporate jets.

• How small investors online outsmarted analysts who hyped HealthSouth's stock.

• Why online trading behavior in the HealthSouth case supports

• new theories about group decision making

• How the Sarbanes-Oxley Act applies to executives who certify false financial records

If you liked "The Smartest Guys in the Room," chronicling Enron's rise and fall, and Barbarians at the Gates, detailing the Wall Street frenzy over the buyout of RJR Nabisco, you'll enjoy this tale.

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