The Implication of Corruption in Business Management

HealthSouths Culture of Corruption Introduction HealthSouth began as an subject that someone could contribute a better quality service, more than efficiently than too large hospitals with significant overhead costs. From this dispirited beginning, the task grew at an accelerate rate with Richard Scrushy as its open and chief executive. Scrushy was considered a alive(p) and compelling own(prenominal)ity who had acquired a seek for the lavish life style he could now afford. The business model of HealthSouth flourished, but as Medicare regulations changed, it became increasingly more uncontrollable to remain on the homogeneous high performing class HealthSouth enjoyed. Under Scrushys leadership, HealthSouth highly-developed a culture which was focus on keeping the callers stock as attractive as possible. by fear and intimidation, Scrushy and his senior staff, plugged all attempts to come transport with information that might be detrimental to their perceived perfo rmance. This burning desire to maintain the expression of strong performance was manifested in the double-faced financial disclosures, which would success 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 ejection of less pliable subordinates helped to perpetuate the ethical lapses his management teams were prosecute in. Additionally, Scrushys uninterrupted need for adulation prompted him to undertake considerable philanthropic endeavors, which advertise flamed his egoti! stical personality and emboldened his justification for continuing the fraudulent practices. Scrushy and his management team were not pertain with the potential prejudicious impact their actions would have on investors, employees and different 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 hold out a full essay, order it on our website: OrderCustomPaper.com

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