The Wagon to Disaster

Product Description

By Aaron Beam, with Chris Warner. 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.

This book is no longer available via the publisher. Contact Aaron Beam through his website: http://www.aaronbeam.net

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about the author

Aaron Beam

Aaron Beam is the co-founder and former CFO of HealthSouth Corporation from 1984 to 1997. Today he lives in Loxley, Alabama with his wife, Phyllis. He is a noted speaker on business ethics and how to prevent corporate fraud.

Chris Warner

A native of New Iberia, Louisiana (1970), Chris Warner is a double graduate of LSU in Baton Rouge and of the University of New Orleans, where he earned a doctorate in 2002. He is the author of over twenty titles, including "A Tailgater's Guide to SEC Football Volume IV," which landed him on the History Channel documentary, "Tailgating" with Tom Arnold in 2004. He is the co-author of "The Wagon to Disaster" with Aaron Beam, former HealthSouth CFO. The title was featured on CNBC's American Greed in 2009. He is also the author of "Bushwhacked at the Flora-Bama" with Joe Gilchrist, and a related novel, "Saved at the Alabama-Florida Line." He lives with his family in L.A. (Lower Alabama). Chris is also a noted speaker, offering the favored keynote address, “The History of College Football in the South, the History of the SEC and the History of Tailgating” to various SEC alumni groups, Rotary, Kiwanis and football fan clubs.