Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: TMFTwitty Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 386  
Subject: HRC in Fool Take 2 Date: 3/21/2003 12:49 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
More At:

By LouAnn Lofton (TMF Bling)
March 21, 2003

One more allegedly dishonest company is under fire. Federal investigators recently charged HealthSouth's (NYSE: HRC) chief executive officer with fraud. Richard Scrushy allegedly overstated the Birmingham, Ala., rehabilitation care provider's earnings by $1.4 billion since 1999.

Hours after the FBI raided HealthSouth's headquarters Wednesday, the SEC filed charges and ordered a trading halt of the company's shares. Before the halt, HealthSouth dropped to $3.91, down 75% from the company's 52-week high. Yesterday, Standard & Poor's booted HealthSouth from its S&P 500 index...
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.