“He primarily used the boat and most of his free time for (hospital) business and other charitable causes.” “At sentencing we intend to bring out the other side of Roosevelt Hairston — and that is the person who devoted his time and energy to serving the community and charitable interests.” “He is not a greedy man.”

Howard B. Klein, lawyer for Roosevelt Hairston, Jr., former general counsel for Children’s Hospital of Philadelphia, who entered a guilty plea of embezzling $1.7 million from the hospital between 1999 and 2011. Mr. Hairston submitted 93 invoices for fake vendors (mostly expert witness fees) during the 12-year period. The embezzlement continued for so long because when internal auditors questioned the invoices, Mr. Hairston stole the identity of a friend and used his e-mail account to respond to inquiries from the hospital’s audit staff.
The money was used to cover the $10,000 per month mortgage payments on his 7,000 square-foot house and to buy a yacht and man it with a full-time captain. In 2009, Mr. Hairston’s salary from the hospital was $729,000 – a comfortable living, but for some reason, not enough. Free time and a yacht devoted to charitable causes do not atone sufficiently for stealing from a children’s hospital. Mr. Hairston could spend 5-9 years away from his wife and four daughters. Fines will be $1.5 million and then there is the matter of $1.7 plus interest restitution. Oh, and the IRS was in on the investigation, so there will be penalties for underreporting. This story made its way onto the celebrity website www.rucrazy.com. Res ipsa loquitur.

About mmjdiary

Professor Marianne Jennings is an emeritus professor of legal and ethical studies from the W.P. Carey School of Business at Arizona State University, retiring in 2011 after 35 years of teaching undergraduate and graduate courses in ethics and the legal environment of business. During her tenure at ASU, she served as director of the Joan and David Lincoln Center for Applied Ethics from 1995-1999. In 2006, she was appointed faculty director for the W.P. Carey Executive MBA Program. She has done consulting work for businesses and professional groups including AICPA, Boeing, Dial Corporation, Edward Jones, Mattel, Motorola, CFA Institute, Southern California Edison, the Institute of Internal Auditors, AIMR, DuPont, AES, Blue Cross Blue Shield, Motorola, Hy-Vee Foods, IBM, Bell Helicopter, Amgen, Raytheon, and VIAD. The sixth edition of her textbook, Case Studies in Business Ethics, was published in February 2011. The ninth edition of her textbook, Business: lts Legal, Ethical and Global Environment was published in January 2011. The 23rd edition of her book, Business Law: Principles and Cases, will be published in January 2013. The tenth edition of her book, Real Estate Law, will also be published in January 2013. Her book, A Business Tale: A Story of Ethics, Choices, Success, and a Very Large Rabbit, a fable about business ethics, was chosen by Library Journal in 2004 as its business book of the year. A Business Tale was also a finalist for two other literary awards for 2004. In 2000 her book on corporate governance was published by the New York Times MBA Pocket Series. Her book on long-term success, Building a Business Through Good Times and Bad: Lessons from Fifteen Companies, Each With a Century of Dividends, was published in October 2002 and has been used by Booz, Allen, Hamilton for its work on business longevity. Her latest book, The Seven Signs of Ethical Collapse was published by St. Martin’s Press in July 2006 and has been a finalist for two book awards. Her weekly columns are syndicated around the country, and her work has appeared in the Wall Street Journal, the Chicago Tribune, the New York Times, Washington Post, and the Reader's Digest. A collection of her essays, Nobody Fixes Real Carrot Sticks Anymore, first published in 1994 is still being published. She has been a commentator on business issues on All Things Considered for National Public Radio. She has served on four boards of directors, including Arizona Public Service (1987-2000), Zealous Capital Corporation, and the Center for Children with Chronic Illness and Disability at the University of Minnesota. She was appointed to the board of advisors for the Institute of Nuclear Power Operators in 2004 and served on the board of trustees for Think Arizona, a public policy think tank. She has appeared on CNBC, CBS This Morning, the Today Show, and CBS Evening News. In 2010 she was named one of the Top 100 Thought Leaders in Business Ethics by Trust Across America. Her books have been translated into four different languages. She received the British Emerald award for authoring one of their top 50 articles in management publications, chosen from over 15,000 articles. Personal: Married since 1976 to Terry H. Jennings, Maricopa County Attorney’s Office Deputy County Attorney; five children: Sarah, Sam, and John, and the late Claire and Hannah Jennings.
This entry was posted in Classic Quotes. Bookmark the permalink.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.