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twitterFired CEO ordered to pay company $25 million
Monday, April 19, 2004 | 11:02 a.m.
BIRMINGHAM, Ala. -- A court in Delaware said fired HealthSouth CEO Richard Scrushy must give the company $25 million to repay a loan he previously settled with stock that lost much of its value amid a financial scandal.
The Delaware Supreme Court last week upheld a lower court ruling that the shares Scrushy transferred to HealthSouth in 2002 to retire a loan were worth less than the amount he borrowed because of a plunge in the share price.
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