It came to light this week that HealthSouth directors approved stock options for then-Sony Music chief Tommy Mottola in 2002. Then about five months later the record company signed a pop act managed by HealthSouth founder Richard Scrushy.
Sony signed the music group, Third Faze in July of last year. The trio of women in their 20s has since broken up. A spokesman for Mottola says there was no connection between the stock options and the decision to sign Third Faze.
He says Mottola never even knew about the stock options until contacted recently by The Wall Street Journal. Scrushy, who has dabbled in the entertainment business, has been fired as chief executive of HealthSouth amid a multi-billion dollar fraud scandal.