Major Accounting Scandals

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The company HealthSouth was involved in a corporate accounting scandal in which its Chief Executive Officer, Richard M. Scrushy, was accused of directing company employees to falsely report grossly exaggerated company earnings in order to meet stockholder expectations.The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) was to pay approximately $218 million in bonus payments to employees of its financial services division.
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Added: 1 year ago

Rank: 1405 of 2615 in Economy

Tags: accounting, ethics, AIG, Health South

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