HealthSouth to reimburse activist investors for expenses

If you had told me in 2003 that HealthSouth Corp. (NYSE: HLS) would become a shining beacon of good corporate governance, I would have laughed.

That was when former chairman and CEO Richard Scrushy was charged with securities fraud by the SEC. In 2005, he was convicted of money laundering, extortion, obstruction of justice, racketeering, and bribery. Now he's wasting away in Club Fed -- a far fall for a CEO who was so narcissistic that he insisted that his portrait be hung in the lobby of every one of the rehab facilities his company operated.

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HealthSouth to reimburse activist investors for expenses originally appeared on BloggingStocks on Mon, 26 Oct 2009 17:45:00 EST. Please see our terms for use of feeds.

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