Look out for Corporate America's Most Wanted

Tuesday, April 8, 2003 at 1:00am

When it comes to learning from its mistakes, Corporate America has fallen off the rehab wagon more times than Robert Downey Jr. Exhibit A is HealthSouth. Last week, another high-ranking executive at the nation's largest provider of rehabilitative health-care services pleaded guilty to cooking the company's books. And this wasn't just happening back in the bad ole days when everyone was doing it. No, these guys were fraudulently inflating earnings well into 2002, even as Enron, WorldCom, Adelphia and Tyco were front-page news.

Next up on the "They Just Don't Get It Tour" are the good folks at Electronic Data Systems (EDS). After pushing CEO Dick Brown out the cockpit door for overseeing a 50 percent drop in share price since September, EDS then handed him a golden parachute worth $37 million. So Brown managed to exploit shareholders even past the bitter end.

Then there was the New York Stock Exchange's jaw-dropping decision

Filed under: City Voices