I LOVE martha stewart and I will be sad to see her go to jail. She said herself that she made an empire which made women realize it’s OK to be a homemaker and OK to be proud of your homemaking skills, rather than feeling like you were ‘just a housewife’.
I subscribe to her magazines, buy her books, make her food and watch her show. She and her staff are EXTREMELY talented, her decorating is BEAUTIFUL and I hope to have a home as organized and smoothly run as hers is one day.
Only home she’ll have will be at Sing-Sing.
Actually she’ll probably end up at a country club if she does any time at all.
Sing-Sing is very near several yacht clubs… does that count?
This is crap. That’s the same as saying “The bank has alot of money and they won’t miss a few thousand dollars”. Even if her couple thousand stock shares only dragged down the stock by a few cents, it’s still money coming out of pockets from people that she (allegedly) swindled. Whether she screwed one person alot, or alot of people a little, it’s still screwing people.
Well, considering the legal representation she can afford, the non-violent nature of the offense and her (I assume) lack of any prior convictions, my guess is she won’t do a single day. Probably just have to return any ill gained profits, pay a fine and be subject to a moderate term of probation.
However, I do have the same legal qualifications as a pineapple.
She doesn’t make her living capitalizing on the idea of a ‘happy home’ - she makes her living capitalizing on the idea of an organized, well-run, perfectly decorated home. I’ve never heard her tell anyone how to have a happy marriage or get along with their kids. I hardly think one divorce a couple decades ago makes her the hypocrite you seem to think she is. And, she doesn’t seem to have any problems with her daughter, who is frequently featured in her magazine. I think you’re getting her confused with Dr. Laura.
I agree with Zebra that this whole thing is being blown way out of proportion. The CEO & CFO’s of HealthSouth - one of the largest healthcare providers in the world - are currently charged with overstating earnings by $2.5 BILLION (with a B!!!) & are on the verge of bankruptcy, and it’s just barely made the news. I think Martha Stewart’s being pursued solely on the basis that she annoys a lot of people and it makes good copy.
Personally, I think she’s hot!
But then, I’m an old man, and lotsa things look good to me. 
I’d heard she was to be indicted, not on insider trading, but on a ‘cover up’ on the investigation into the alleged insider trading. Myself I think that’s quite a reach, and as lieu implies, she will walk!
I think an asstiara would be lovely this time of year.
My father, who is now 82, once told me that the best thing about getting older is that you can look at and enjoy a much wider spectrum of women (I presume the same is true for women as well). At the time, I wouldn’t have looked twice at a women beyond her mid-twenties. Now, some years later, I have come to realize that Dad was quite correct.
I wouldn’t call her hot, but she’s not bad looking.
No, it isn’t even remotely the same thing. Thanks for playing. **
ImClone has 73,000,000 shares outstanding; based on a 3-month average, around 2,790,000 of its shares are traded every day. Martha Stewart sold 3,928 shares.
That quantity just isn’t enough to alter the stock price by even a “few cents” (which, quite frankly, would be material – multiply millions of shares traded by a couple of cents and you’re talking real money). It is a statistically meaningless quantity of shares.
Point of fact, the people who purchased ImClone shares on that date did not buy their shares from “Martha Stewart.” They bought their shares from the thousands of faceless shareholders who happened to elect to sell on that day, one of whom happened to be Martha Stewart. They would have purchased those shares at the same price even if Ms. Stewart had elected not to sell. It is ludicrous to suggest that they were damaged by Ms. Stewart in any way.
The Smoking Gun already has the indictment up.
On the way home, I heard on the radio that although the feds did not charge her with insider trading, the SEC has filed or will file a civil suit against her on those grounds. I don’t know the details and don’t yet have a cite, but that’s what newsradio said.
What color goes with bright red?
Where the fuck do you think her profits (aversion of loss, actually) came from? Other stockholders who would have traded differently if they were privvy to the information M.S. had. They DID buy their shares from Martha Stewart, although not directly. To say M.S. did not reap benefits at the expense of other investors is stupid. Each buyer that day was damaged in some small way by her trade. Add up all the little damages to everyone and it adds up to hundreds of thousands of dollars.
Um, yeah, no.
She made it “OK to be a privileged bitch with an ill-treated staff for whose creativity and labor you take all the credit,” not “OK to be a homemaker.”
Martha Stewart make it okay to be a ruthless bitch that does whatever it takes and screw over whoever it takes in order to get what you want.
It is possible to love the woman’s work, but not like the woman personally. Not that I do. Like I said before, I think she’s a raving bitch but you do have to respect her for building an billion dollar empire from nothing.
While we are on the subject of Schadenwhatsis, another former Enron executive is being brought to justice. John Forney was arrested at the headquarters of American Electric Power in Columbus, Ohio yesterday.
Love to see these alleged white collar criminals arrested at work.
Let’s run a “but for” test. That is, let’s look at what happens if everything happens normally “but for” Ms. Stewart’s sale of the stock.
OK, so suppose Ms. Stewart had elected not to sell her shares on that particular day. What happens to all those people who elected to purchase ImClone on that day? Answer: exactly the same thing. They buy their shares at the same price, and they sustain the same losses three days later when the FDA decision is made public.
In other words, they sustain no harm as a consequence of Ms. Stewart’s sale. Zero. Nada. Their losses are exactly the same either way.
The real harm doesn’t come from Ms. Stewart’s sale. It comes from ImClone managment’s decision to give one shareholder preferential treatment. They are the ones that control the flow of information to the public, they are the one in a fiduciary relationship with their shareholders, and they are the ones who violated the trust given them by the owners of the corporation. They – and only they – are the ones who ought to be held accountable.
Actually, my home could look like Martha’s, if I had the number of employees to do the work for me that she does.
You honestly don’t think she does all that HERSELF, do you?
DCH doesn’t your analysis assume that had Martha not sold her stock, others would have sold that same number of shares? how can you assume that? doesn’t that assume that there’s more potential buyers than sellers? or the exact same number (which I find unlikely). Is there a way you can know, for certain that those who actually bought Martha’s stock would have located other shares to buy?