Please view the following Sixty Minutes video of an interview conducted by Mike Wallace and HealthSouth CEO Scrushy about the $3 BILLION fraud at Healthsouth. Scrushy is a rags to riches to shame story. He started with $50,000 and built HealthSouth into a Fortune 500 company. But when earnings started to fall short of Wall Street’s expectation, he claims the CFOs cooked the books and that he didn’t know anything about it. What are your thoughts???
Deepwater Horizon oil spill
Please review the short video and article using the links below concerning the 2010Deepwater Horizon oil spill. The Deepwater Horizon oil spill (also referred to as the BP oil spill, the BP oil disaster, the Gulf of Mexico oil spill, and the Macondo blowout) began on 20 April 2010 in the Gulf of Mexico on the BP-operated Macondo Prospect. It claimed eleven lives and is considered the largest accidental marine oil spill in the history of the petroleum industry. Following the explosion and sinking of the Deepwater Horizon oil rig, a sea-floor oil gusher flowed for 87 days, until it was capped on 15 July 2010. The total discharge has been estimated at 4.9 million barrels (210 million US gal. In your discussion forum please post your thoughts on the subsequent effects of the spill. Did BP handle the situation well? Was the legal decision proper and fair in your opinion? If not, why not and what should have been the outcome? Was anything learned from this disaster?