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 Annual Student Day - Richard Scrushy, Former HealthSouth CEO

4/8/2014 9:00 AM
4/8/2014 3:00 PM
Holiday Inn - University of Memphis |  
If you register and later determine that you cannot attend, please cancel the reservation by Tuesday, April 1, 2014 at 3:00 PM.  You will be charged the event fee if you register and are a no-show for the event, or cancel after the specified deadline.  ​

Annual Student Day

Rx for Fraud Part II – Former HealthSouth CEO Speaks Out

Hear Founder and former CEO, Richard Scrushy, tell his version of the HealthSouth saga!

Hear prominent Memphis attorney and ethics professor, James H. Stock, discuss ethics in today’s business culture and how individuals can prepare themselves to overcome unethical circumstances.

Two $1,000 Student Scholarships will be awarded to essay winners. Contact your local instructor, your school’s Accounting Department, or Larry Cook at for details.

Speakers:      Richard Scrushy
                          Former CEO - Healthsouth Corporation
                         James H. Stock
                         Attorney and Ethics Professor
Date:               Tuesday, April 8, 2014 
Time:               9:00 am – 3:00 pm


Location:       Holiday Inn - University of Memphis

 3700 Central Ave.
             Memphis, TN 38111


CPEs:            4 hours

 Cost:             Members/Non-Members:  $60.00

 Professors & Students      FREE


Internal Audit standards require practitioners to “have an impartial, unbiased attitude” in order to maintain individual objectivity. Last year’s Student Day speakers were former HealthSouth CFOs, Aaron Beam and Weston Smith, who were found guilty of financial fraud at HealthSouth. These speakers discussed their unethical and illegal actions contributing to the scandal. Their combined message warned students and professionals by describing the red flags, influences, and bad choices that led both to prison and the loss of professional credentials. Multiple attendees expressed a strong interest in hearing from the former Chief Executive Officer blamed for HealthSouth’s dilemma.


In order to present opposing viewpoints of a highly controversial and public event, HealthSouth Founder and former CEO, Richard Scrushy, is this year’s first speaker. HealthSouth experienced fast growth almost immediately and became a publically traded company in 1986 only two years after it’s inception. As the largest rehabilitative services company in the United States during the 1990s, HealthSouth served over 120,000 patients per day, achieved earnings of $106 million in 1997, and made Mr. Scrushy the 3rd highest paid CEO in the US! Rapid growth and financial success were marred by allegations of questionable ethics and financial impropriety during the 1990s. Mr. Scrushy was indicted on November 4, 2003, for 85 violations of the Sarbanes-Oxley Act including conspiracy, money laundering, securities fraud, and mail fraud. He was acquitted of all charges on June 28, 2005, but was convicted later in 2005 on separate charges that included bribery, conspiracy, and mail fraud. Mr. Scrushy maintains his innocence of all accusations.


Prominent Memphis attorney and ethics professor (Union University, Germantown), James H. Stock is our 2nd speaker for Student Day 2014. Mr. Stock will discuss ethics in today’s business culture and how individuals can prepare themselves to overcome unethical circumstances.
If you would like to attend this meeting, please RSVP by replying to this e-mail no later than 3:00 PM on Tuesday, April 1, 2014.  

If you have any question, please contact Clint Landman at (702) 596-9714, or send an email to Larry Cook at