The Implication of Corruption in Business Management

HealthSouths Culture of Corruption Introduction HealthSouth began as an belief that someone could contribute a better quality service, much efficiently than too large hospitals with significant overhead costs. From this immoral beginning, the channel grew at an accelerate rate with Richard Scrushy as its dampen and chief executive. Scrushy was considered a alive(p) and compelling individual(prenominal)ity who had acquired a essay for the lavish life style he could now afford. The business model of HealthSouth flourished, but as Medicare regulations changed, it became increasingly more knotty to remain on the homogeneous high performing hang back HealthSouth enjoyed. Under Scrushys leadership, HealthSouth highly-developed a culture which was center on keeping the callers stock as attractive as possible. by fear and intimidation, Scrushy and his senior staff, blockade all attempts to come transport with information that might be detrimental to their perceived per formance. This burning desire to maintain the show of strong performance was manifested in the double-faced financial disclosures, which would achiever teemingy circumvent detection from analysts, auditors and regulators for some(prenominal) years.

To overcome any piercing queries into HealthSouths financial statements, the zealous charisma displayed by Scrushy and his systematic riddance of less pliable subordinates helped to perpetuate the ethical lapses his management teams were salty in. Additionally, Scrushys uninterrupted need for adulation prompted him to undertake grand philanthropic endeavors, whi ch advertise flamed his egotistical persona! lity and emboldened his excuse for continuing the fraudulent practices. Scrushy and his management team were not touch with the potential prejudicious impact their actions would have on investors, employees and former(a) HealthSouth stakeholders, but became prompt by greed and the benefit of their personal wealth. It would be imprecise to state that the outcome of these acts had been...If you want to keep up a full essay, order it on our website: OrderCustomPaper.com

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