CROOK ALERT--Richard Scrushy, CEO of HealthSouth, Settles SEC Lawsuit by Disgorging $81 Million of Ill-Gotten Gains
CEO Hog Waiting to Be Fed by Stockholders
6-23-09 Scrushy Loses Civil Suit
- Scrushy Loses Civil Suit. Ordered to pay $2.9 billion to HealthSouth stockholders
Four yrs ago, Scrushy, ex-CEO of HealthSouth, walked out of a federal courthouse in Alabama and thanked God he had been acquitted of criminal charges he defrauded the company. But on Thurs. a judge ordered Scrushy to pay $2.9 bn to co. stockholder
Scrushy Disgorges $81 Million Ill-gotten Gains
Richard Screwshy, disgraced former CEO of HealthSouth, was forced to disgorge $81 million of his ill-gotten gains in order to settle an Security and Exchange Commision lawsuit. He narrowly escaped conviction on criminal charges last year in a related case. He is one of the current crop of champion, blue ribbon CEO hogs. Here's a link to a NYTimes article 4-24-07 on the settlement.