Vertex COO Ian Smith fired for code of conduct violation

Ian Smith was relatively new as interim CFO role but now he was fired following his behavior in violation of the company’s code of conduct.

The only thing the company said was that it had fired Smith, effective immediately, for “personal behavior that violated Vertex’s code of conduct and values.” No details about the offense that led to the firing so we're left guessing.

What's the real story here?

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Any more information on what he actually did?

In short, dipping your pen in the company ink is usually not the best idea. It's especially a bad idea when you do it within your own reporting structure. Does any of this matter though? My guy probably walked away with millions to keep his mouth shut and to keep this party going.

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I did find this -

Vertex didn’t provide details on the particular offense, but the company did stress that Smith’s exit was “unrelated to the company’s financial and business performance.”

Vertex decided to show Smith the door after a “prompt and comprehensive” probe conducted with help from law firm WilmerHale, it said. Vertex’ code of conduct (PDF) provides guidelines on a number of topics, including bribery, participation in politics, harassment and more.

We know it's not financial or business related but it could be bribery or harrassment.

That sure clears everything up....

Any more information on what he actually did?

post

I did find this -

Vertex didn’t provide details on the particular offense, but the company did stress that Smith’s exit was “unrelated to the company’s financial and business performance.”

Vertex decided to show Smith the door after a “prompt and comprehensive” probe conducted with help from law firm WilmerHale, it said. Vertex’ code of conduct (PDF) provides guidelines on a number of topics, including bribery, participation in politics, harassment and more.

We know it's not financial or business related but it could be bribery or harrassment.

That sure clears everything up....

post

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