Essay --

Tracing back the history of accounting scandals, major corporeal scandals not sole(prenominal) hurt the economy but besides crush investor confidence on investing in company. Majority of corporate scandal are create by greedy CEOs cooking the books to rival the number that they expected. In this case, Richard Scrushy is one of the greedy CEOs. This is a case of a falling American dream. Richard Scrushy, was a self-made son of the new federation, a former teenage parent who hauled himself up from a menial byplay to become an emperor of the new economy. wellness entropy weed is the coupled States largest inpatient rehabilitative hospital. Health South provide the service of rehabilitative care to patient recovering from all manikin of conditions. It all started in 1984, the company is used to known as Amcare Inc. at the decade of 1990, Health South Corporation expanded in tremendous speed. At the stratum of 2003, Health South has expended to two thousand facilities in not only every state in unify States but also United Kingdom, Canada, Australia, Puerto Rico, and Saudi Arabia. The company has recorded almost four and half billion U.S dollars in revenue, which dominated the entire rehabilitation care industry. Health South Corporation seems like a dream.Unfortunately, Health South Corporations accounting issue started to surface in the end of 2002. Richard Scrushy sold seventy- 5 million worth of stock a few days onwards the corporation announced a huge loss to the public. Since that event, the U.S. Securities and Exchange delegating started to investigate whether Richard Scrushy was involved in insider trading. March 20, 2003, Richard Scrushy, the former chief executive director officer of HeathSouth Corporation, was charged by the Securities and Exchang... ... you are involved in cheating, your permissiveness of un respectable behavior will increase. Ethical is one the fundamental sexual abstention for all business student. If business stu dents are not well instill for maintaining ethical judgment, the scandals they might create will damage investors confidence on investing corporation, which damage nations economy as a whole(Works Cited). In conclusion, all officers who are responsible for the Health South Corporation scandal is convicted and pay their penalty. Although Scrushy was not convicted the first trail, but the prosecutor assay their best and successfully bring justice on the Health South scandal. Ethical is one the fundamental virtue for all business student. only business student should be well train to maintain ethical judgment and prepare to have the courage to deny all kind of unethical situations and scandals(Works Cited).