was‚ Martha Stewart being arrested for lying about a stock sale. “Stewart‚ 63‚ was convicted in March of lying to investigators about why she sold ImClone stock in December 2001‚ just before the stock price plunged” (NBC News‚ 2004). Martha is a very intelligent‚ business woman‚ but she made a bad decision. 2. Emotional perception and expression- Martha Stewart did not express much upset when it came to her being sentenced with jail time. Emotional facilitation of thought- when Martha Stewart
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Martha Stewart Sells Billion Dollar Empire for $353 Million Martha Stewart is best known by most people today at the host of a food and fashion television show and the name behind the Martha Stewart brand. Fewer people know that she has been the CEO of Martha Stewart Living Omnimedia since its inception‚ and fewer still where she got her start. Stewart was born Martha Helen Kostyra in New Jersey‚ New Jersey. The Stewart name came from her marriage to Andrew Stewart‚ an aspiring lawyer at Yale Law
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Throughout the case study on Martha Stewart‚ evidence provided illustrates how public relations can alter the image of a national personality in both negative and positive lights. In particular‚ the case illustrates how Stewart’s initially poor public relations responses tarnished her image and‚ only after changing her tactics‚ did she actually work toward correcting the problem. Ultimately‚ the Martha Stewart case is pivotal in illustrating how the power of public relations‚ if used correctly
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no. 1-0083 Martha Stewart and the ImClone Scandal On January 20‚ 2004‚ jury selection launched the trial of Martha Stewart‚ Chief Creative Officer and former Chief Executive Officer and Chairman of the Board of Martha Stewart Living Omnimedia (MSO). Nine charges filed by the Federal Grand Jury in New York and the SEC relate to Stewart’s personal sale of $228‚000 in ImClone Systems‚ Inc. stock on December 27‚ 2001‚ one day before regulators rejected the biotech company’s cancer drug (Erbitux)
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A brief summary of the case is‚ Health Management‚ Inc.‚ a pharmaceutical distributor had a way of calculating their Allowance of doubtful accounts in a way that was not understood by Securities and Exchange Commission and misunderstood by the financial analysts. This caused the financial analysts to put the post earnings per share at $.74 when it was really $.54. Clifford Hotte‚ the CEO‚ was told of the $.20 difference by Drew Bergman‚ the CFO‚ and told him he refused to take the hit‚ because the
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crime of insider trading‚ particularly the Martha Stewart insider trading case. I will also refer to other trading cases such as one that happened recently against Galleon Group‚ an invest firm in New York‚ which was charged for insider trading. In this paper‚ I will talk about how the media‚ particularly newspapers‚ depicts crimes associated with popular celebrities and compare it to how it depicts the same crime with a regular person. The Martha Stewart insider trading case was a popular news story
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Martha Steward Living Omnimedia Inc. Case Discussion Questions 1. Provide a concise company profile. (I.e.‚ what does your client do to stay in business? What industry is your client in?) Martha Stewart Living Omnimedia‚ Inc. creates original how-to content and related products for homemakers and other consumers. The Company markets its brand name across a broad range of media and retail outlets. Martha Stewart provides information on a variety of subjects including home‚ cooking and entertaining
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On December 27 ‚ 2001 Martha Stewart‚ America’s beloved housewife‚ sold her shares of ImClone after she received specific inside information regarding the status of the companies business. A series of events led to an investigation‚ interviews‚ indictments‚ a trial & sentencing of Martha Stewart to 5 months in a minimum security prison camp and then 5 months of home confinement. Merril Lynch tipped off the Securities & Exchange commission to report the possibility of insider trading on
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On August 3rd‚ 1941‚ Martha and Edward Kostyra gave birth to Martha Stewart. Martha was the second born out of six kids and was born in Jersey City‚ New Jersey. Here is her story of how she became one of the great business leaders. Growing up‚ Stuart’s father had made sure that from a young age the children would be taught the value of self-sufficiency. With this‚ the Kostyra children had to do various household chores. From this‚ Stewart learned how to cook‚ sew‚ and garden. From the
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2001 Martha Stewart was contacted with some information that was clearly not public knowledge at the time. Her broker‚ Peter Bacanovic‚ had attempted to contact Stewart to inform her that ImClone shares were going downward and the Waksals were selling all their shares. Under the Client Information Privacy Policy of Merrill Lynch it clearly states that they “do not release client information‚ except upon a client’s authorization”. Bacanovic had ignored the policy and had chosen to inform Stewart of
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