Domestic Diva in Stock Hanky-Panky!Martha Stewart is the host of Martha Stewart Living and was convicted of stock hanky-panky.
Stewart grew up in a large Polish-American middle class family with five brothers and sisters. She excelled in school. She was involved in various clubs such as Newspaper and Art Club. She was awarded a partial scholarship to Barnard College. During this time she decided to try her luck at modeling to support her college career. She appeared in several television commercials and magazines. She continued her modeling career until 1965 when her daughter, Alexis, was born. Then she became a stockbroker, which was successful until recession hit Wall Street in 1973.
When she left stockbroking, she and her husband moved to Westport, Connecticut and purchased a large farmhouse that was origionally built in 1805. Martha devoted her energy to a massive restoration and found her passion for home design and decoration. Out of her basement she began a catering business. She was soon asked to publish a book, co-written with Elizabeth Hawes, entitled "Entertaining." The book was a huge success. Next she became the spokesperson for K-Mart. During this success, she and her husband divorced in 1990.
Stewart created Martha Stewart Living Omnimedia, and gained control over all of her magazines, TV shows, and websites.
In June of 2002 she became the target of an insider trading investigation. Given insider information by her personal stockbroker, Peter Bacanovic, she sold her shares in the drug company ImClone the day before an FDA decision caused the stock to drop.
She pleaded innocent to federal charges that included obstruction of justice and conspiracy. Her trial was held early in 2004, and on March 5, 2004, she was found guilty of all charges in the case. She spent five months in a West Viginia prison, and was then released to house arrest in March, 2005.
Stewart is once again involved in her Martha Stewart Living family of magazines. She is once again host of the daytime television show Martha, and also appeared for a season on The Apprentice. In October 2005, she released her new book entitled The Martha Rules. She has also started a call-in program on the Sirius satellite radio network. | |
Your Comments About Martha Stewart | No comments have been provided.
|
|