Martha Stewart Can Go Back To Running Her Company

by Alex Alvarez | 10:16 am, April 11th, 2011

» 2 comments

If you hear a gleeful yelp of “Huzzah!” coming roughly from the direction of East Hampton, it’s likely just Martha Stewart celebrating the fact that, for the first time since a five-year ban was placed on the mogul in the wake of her insider-trading trial, she can return to overseeing her company.

And it’s a “good thing,” too. (That’s a little Martha Stewart humor there, folks. You’re welcome.) According to Crain’s New York, Stewart’s company could be doing quite a bit better:

But MSLO’s share price is down 75%, to about $3.65, since the Securities and Exchange Commission sent her to the penalty box in 2006; the value of her stake, worth $1 billion at its peak, has sunk to $100 million.

That said, while her company may be hurting, Stewart herself certainly isn’t. Last year, the mogul raked in $6 million despite Martha Stewart Living Omnimedia’s $10 million in losses. And she had her shareholders pick up the tab for such things as a personal trainer (a mere $30,000), her weekend driver ($56,000 – couch change), myriad household expenses, and salaries for her daughter and former sister-in law ($400,000 and $200,000, respectively).

And that’s not even counting Francesca’s sensitivity training sessions.

Crain’s New York

Martha Stewart, Martha Stewart Living Omnimedia, MSLO, Shareholders

billwhit1357

Does anyone really care except Ms Stewart and her family? I thought she had maybe died since I haven’t heard anything about her in so long. Course, I don’t really care either. Guess maybe this should go in the Womens Section or Homecare, huh?
gchu

“Insider trading trial” is a fiction of the propagandist media. The trumped-up criminal charges that resulted from grossly incompetent legal representation had nothing to do with “insider trading,” and there was no trial and no legal adjudication of “insider trading” on the baseless SEC allegations. The SEC couldn’t care less about the survival of “Stewart’s company” and recklessly destroyed several hundred jobs and millions of dollars in shareholder value. The “five-year ban” was extortion by the SEC in a case of regulatory overreach.

It’s the economy that “could be doing quite a bit better.” The company’s latest earnings call reported facts that repudiate Crain’s New York. There is a solid foundation in place for phenomenal growth with the rebound of the economy from the worse recession since the Great Depression.

The propagandist media dislike the compensation package, so what should it be? Obviously, this is an abuse and misuse of the freedom of the press by First Amendment parasites seeking to impose economic slavery in a free market economy.