Martha steps down This paper discusses Martha Stewart's decision to step down as CEO and the ecomonic repercussions of the in-sider trading allegations.
Date Submitted: 09/26/2001 05:52:27
Category: / Business & Economy / Economics
Length: 1 pages (266 words)
Category: / Business & Economy / Economics
Length: 1 pages (266 words)
Martha Stewart's image and company are taking a huge hit in the media and the stock market, due to her recent indictment for securities fraud and lying to federal investigators after she sold shares in the biotech company ImClone Systems Inc before the price fell.
Martha recently stepped down as chairman and CEO in hopes of slowing the decline in her stock and sales.
Martha Stewart's decision to step down as chairman and CEO can …
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…Martha Stewart is hoping for, as a majority shareholder.
Despite the negative press, Stewart has many supporters who will continue to buy her products, read her books and articles and watch her programs.
References
Emling, S. (2003, June 6). Stewart fights back. Atlanta Journal-Constitution.com. Retrieved June 6, 2003 from http://www.ajc.com/business/content/business/0603/06stewart.html.
Picchi, A. (2003, June 9). An understudy steps ups amidst Stewart's troubles. LA Times.com. Retrieved June 9, 2003 from http://www.latimes.com.
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