Carol Argo participated in the awarding of stock options at Safervet allu found herself in trouble. On one hand, it would appear that Carole Argo was simply following company policy with respect to the granting of stock options.
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Get it written →Carol Argo participated in the awarding of stock options at Safervet allu found herself in trouble. On one hand, it would appear that Carole Argo was simply following company policy with respect to the granting of stock options. It might appear that she was simply maintaining the procedures of her superior, Anthony Caputo, Chair of the Board and CEO, by selecting previous dates as the stock options grant dates. This procedure, in and of itself, does not violate any of the applicable accounting standards (see Appendix A for a basic description of stock options and backdating). So what is the problem? Why did she resign? Why did she not stay with the company and fight her case? Why did the SEC and the U.S. Department of Justice (DOJ) press charges? Where did she go wrong? Was she being unjustly targeted?
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