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(2) Elements of the Fraud Triangle as they relate to Carole Argo Pressure: Argo faced pressure to meet earnings expectations, likely due to internal or
(2) Elements of the Fraud Triangle as they relate to Carole Argo Pressure: Argo faced pressure to meet earnings expectations, likely due to internal or external expectations set by stakeholders. The pressure to perform financially might have motivated her to engage in fraudulent activities such as backdating stock options to meet targets. Opportunity: Argo, as the COO and interim CFO, had significant control over the stock options award program. She could exploit this position by manipulating grant dates and exercise prices, thereby creating the opportunity to commit fraud. Rationalization: Argo might have rationalized her actions by justifying them as common practice or necessary to attract and retain employees. She may have convinced herself that backdating options was not harming anyone and was merely a means to align incentives with the company's success
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