Newspaper article The Florida Times Union

Morning Briefs

Newspaper article The Florida Times Union

Morning Briefs

Article excerpt

BROOKS REHAB FOUNDER, CHAIRMAN TO RESIGN

J. Brooks Brown, founder and chairman of the board of Brooks Rehabilitation, will resign effective July 1. He will remain a member of the board. Gary Sneed, former vice chair of the board, will replace Brown as chairman. Brown is giving up the role of chairman to spend more time with his family, spokeswoman Amy Katz said. Brown, who started practicing general and thoracic surgery in Jacksonville in 1953, began his tenure as chairman when he co-founded Memorial Hospital in 1963. In 1982, Brown became president and CEO of the Memorial system. In 1995, the rehab component split off to become a separate corporate entity and Brown remained chairman, president and CEO of the new organization. In 1998, the rehabilitation organization was renamed Brooks, in honor of Brown. In 2002, Brown stepped down as president and CEO and has since served as the chairman.

Urvaksh Karkaria/The Times-Union

WACHOVIA: PREDECESSOR BANKS OWNED SLAVES

Wachovia Corp. apologized Wednesday for the slave ownership of two predecessor companies nearly two centuries ago. Charlotte, N.C.-based Wachovia said researchers the bank hired discovered that the companies owned upwards of 600 slaves. The Georgia Railroad and Banking Co. owned at least 162 slaves, and the Bank of Charleston accepted at least 529 slaves as collateral on mortgaged properties or loans, and later acquired an undetermined number of the slaves when customers defaulted. Wachovia, which operates 66 branches in North Florida, said it has 30.8 percent of the region's bank deposits, making it No. 1 in market share.

Christopher Calnan/The Times-Union

SCRUSHY JUDGE REFUSES JURY'S READBACK REQUEST

The judge in the fraud trial of HealthSouth Corp. founder Richard Scrushy denied a request by jurors who asked to have excerpts of testimony read back to them. The panel, which ended its ninth day of deliberations Wednesday without a verdict, is weighing charges that Scrushy inflated HealthSouth profit by $2.7 billion to prop up the company's stock. The jurors' note to U.S. District Judge Karon Bowdre, asking for a readback of "a small portion of the transcript of a witness," did not specify whose testimony they wanted to hear. …

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