Maybe you should take a look at the proxy. They received cash bonuses of $2.5 million in the last three years and were granted stock (not options) of nearly $8 million which I know is worth less but they still have the stock. On top of that what is most offensive is that they were given additional short-term bonuses of $1.3 million just for fixing this mess they caused. All of that needs to be returned. Bonuses and incentives are for delivering shareholder value which this management team certainly didn't do. The company needs to sue these two (the payment of which is most likely to be made from their D&O insurer) for the value lost from their failure to perform their most basic functions.
Why would you think they deserve any value from options after the shareholder value they destroyed. These incompetent fools are still being paid and I can guarantee that they would not be able to receive anywhere near what they are currently being paid anywhere else after this travesty. Both the CFO and CEO received large bonuses and stock awards for the years that this accounting problem was being ignored and the company needs to claw all of those back.
The CFO job is not a difficult one with only a few basic tasks, most important of which is filing timely financial statements. His inability to do this, whatever the cause has result in the company having to post a nearly $100 million letter of credit with the DOE. The company had to turn to a group Cerberus who are are group of loan sharks to borrow the money for the L/C at an extremely high rate. This CFO and CEO should not be getting any more compensation for their poor performance and should be made to pay that interest that they caused the company to have to incur.