Managing Risk: Ethics First

Thu 4:00 PM to 6:00 PM
Topic: Disaster Mitigation

Aaron Beam was a founder and the first CFO of HealthSouth from 1984 until 1997. In 1997, when he left the company, HealthSouth operated more outpatient rehab centers, outpatient surgery centers, and rehab hospitals than any company in the nation. The fraud at HealthSouth began while he was the company’s CFO. In 2003, Beam admitted his part in the fraud and was sent to prison. Today Aaron Beam is a public speaker in the area of business ethics. He has spoken to over 100 organizations including universities, corporations, associations and civic groups. Guest speaker Aaron Beam will discuss the founding of HealthSouth, its growth into a NYSE Fortune 500 company, and its ethical collapse. Mr. Beam will explain how the corporate culture allowed fraud to continue for seven years, and he will address how to spot the signs of ethical collapse in any company. • History of HealthSouth • The culture that existed at the company that allowed the fraud to begin • How accounting rules were bent before fraud began • How the fraud was carried out • How a weak board of directors contributed to the fraud • The lack of proper internal controls • The aftermath of the fraud • How to spot the signs that lead to an ethical collapse in any company • The importance of teaching ethics in schools, universities, and on the job

Speaker(s): Aaron Beam, Guest Speaker

Co-Sponsor(s): Nicholls State University College of Business in partnership with the Louisiana Small Business Development Center

Fee: No Cost

Phone: 985-493-2587


Terrebonne Folklife Cultural Center
317 Goode Street, Houma, LA 70360