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Wagon Publishing Fairhope Alabama
November 2009
On Sale: November 1, 2009
208 pages
ISBN: 0979628482
EAN: 9780979628481
Hardcover
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Non-Fiction
It was the quintessential American success story: Identify a
niche; form a company to exploit it; raise millions in
venture capital; take the concept public; meet stockholder
expectations for 40 straight quarters, in the process
becoming a darling of Wall Street; and of course make money
plenty of it while the stock price steadily climbs and
revenue projections increase. In a few short years you ve
gone from rags to riches...you re on a monster roll... Until
your boss, saddled with the realization that the Street
expectations cannot realistically be met, asks you to
creatively fix the numbers. It s the toughest decision you
ve ever made, and one where the easiest way out could be the
most difficult, given the circumstances. Caught squarely
between greed and fear, Aaron Beam did the unthinkable.
Corporate greed is the Black Plague of the modern financial
world threatening America s ability to maintain free market
capitalism in an increasingly distrusting, changing, and
socialistic world economy. The Wagon to Disaster, told by
former co-founder and CFO Aaron Beam, is the untold story of
HealthSouth, one of America s most successful health care
companies and consequently, the perpetrator of one of its
biggest frauds in history. How big was the fraud? In 2003,
just before news of the crime broke in the mainstream media,
HealthSouth paid more money in taxes to the Federal
Government than it legitimately earned the previous year.
Beam takes the reader from HealthSouth s humble beginnings,
through its meteoric rise and to its disastrous revelation,
subsequent trial and his three-month incarceration in a
federal prison. Moreover, he reveals the nature of the fraud
and the true personality of the driving force behind
HealthSouth Richard Marin Scrushy, one of the most
enigmatic, nefarious characters the State of Alabama has
ever produced a hard-charging, unscrupulous visionary whose
caustic, Machiavellian approach ensured HealthSouth s
success, and oddly, his predictable fall as the company s
benevolent dictator.
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