Richard Scrushy to Speak at the Auburn University School of Accountancy

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Richard Scrushy to Speak at the Auburn University School of Accountancy

7venth Power

7venth Power is pleased to announce that its President, Richard Scrushy, has been invited to speak at the Auburn University School of Accountancy in the Harbert College of Business on March 26th and 27th, 2014. He will talk about his experiences in building billion-dollar companies, the financial reporting responsibility of such companies, and the good and bad times his own business career has experienced. Included in his discussion will be the high profile investigations and trials brought by the United States government. Mr. Scrushy covers this topic because he feels a duty to inform the corporate community, students, and others entering the financial and accounting industry about things that can go wrong and provide insight for prevention.

Mr. Scrushy accepts full responsibility for the problems that one company he founded went through when financial fraud occurred. He has said that "the CEO must always take responsibility for the things that happen on his watch. It matters not if he was involved. The chief executive is responsible for the well-being of the company he runs." Mr. Scrushy is also extremely remorseful for the hard times everyone went through, including shareholders and employees, and he continues to pull for all of those involved in carrying on the companies he began and built. During his speech, Mr. Scrushy will address all of these regulatory, corporate governance and ethical issues, as well as what he sees as the future.

Richard Scrushy is a dynamic entrepreneur with a strong track record. He was a founder of three New York Stock Exchange (NYSE) companies. All three became billion dollar companies, and two became Fortune 500 companies.

He built his first company from the ground up with a business card and a dream. He then served as Chairman and Chief Executive Officer of that company for nearly twenty years. The company grew into a multi-billion dollar Fortune 500 Company. He served as Chairman of another corporation for several years until it merged with a NYSE company, and he served as Chairman and CEO of yet a third company. At one time, the number of employees in the companies for which he served as Chairman exceeded eighty-thousand people.

One of the companies he started became the largest healthcare provider geographically in America with more than 2,350 facilities. The company had operations in all fifty states and every major city in the United States. It also had operations and facilities in several other countries including Saudi Arabia, United Kingdom, Puerto Rico and Australia.

More About Richard Scrushy:

Richard Scrushy was born in 1952 in Selma, Alabama, a town known as the birthplace of the civil-rights movement. He grew up modestly in a home with working parents and he has an older sister and a younger brother. The Scrushy’s attended the Methodist church, where Mr. Scrushy sang in the youth choir and participated in the Methodist Youth Fellowship. He was active in Boy Scouts and little-league baseball, and at the age of eight, Richard taught himself to play piano and guitar. Throughout school, he played piano and organ at dances and parties.

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