Martha Stewart was born on August 3, 1941, in Jersey City, New Jersey. Stewart rose to prominence as the author of the book as a cook, entertainment, and ornament. She then expanded her brand, including magazines and TV shows, to become the CEO of Martha Stewart Multimedia. Stewart resigned in 2002 after her post, after which she was found guilty of insider trading charges.
Life Masters and Merchants Martha Stewart was born Martha Costea, on August 3, 1941, in New Jersey. Six of the children grew up in a working-class neighborhood of Stuart Natale, New Jersey, near New York City. She was from a 13-year-old model, appeared in fashion shows as well as TV and print ads.
Stewart attended Barnard College in Manhattan where she won Barnard in 1962. While a degree in European and architectural history, she met Andy Stewart, a Yale law school student, and in 1961, the two married six years After the birth of the daughter of Alexis, Stewart went to work for Mones, Williams and Sidel’s boutique company stockbroker. She worked on Wall Street until 1972, when the family moved to Westport, Connecticut.
After Stewart restored the nineteenth-century farmhouse they had bought, Martha decided to concentrate her energy on gastronomic cooking, which had been trained by the mastery of the French culinary arts of Julia’s children. She started the dining business in the late 1970s and soon became known for her gourmet menu and unique creative performance. Within a decade, Martha Stewart has grown to serve more than $ 1 million in business and celebrity clients.
Stewart expanded into her first book, Entertainment, Becoming a Best-Selling Book, and through such publications as Martha Stewart’s Quick Cook Menu, Martha Stewart’s Hors-d’oeuvres, Martha Stewart’s Christmas And Martha Stewart’s wedding planner Ramen, then published in the world. Her good deed paid the price for her personal life as her marriage to Andy Stewart ended in divorce in 1990 after a painful three-year separation.
In 1991, Martha Stewart became the Martha Stewart Living Media Company, with the release of her magazine, Martha Stewart Living. Stewart’s Lifestyle Empire quickly grew to include two magazines, a checkout-sized recipe publication, a popular cable TV program, a syndicated newspaper column, a series of books on how to broadcast programs, internet sites, and annual retail The amount of $ 763 million.
On October 19, 1999, the most famous American housewife returned to Wall Street to see her company through an initial public offering on the New York Stock Exchange. At the end of the day, for every 72 million shares of Martha Stewart Living Multimedia, the company had jumped more than 95 percent and raised nearly $ 130 million. Stewart himself controls 96% of her company’s voting shares, worth $ 1.2 billion.
Insider Trading Scandal:
In June 2002, Stuart once again made financial headlines, the insider trading rumors. Stewart was in the middle of an investigation to sell hundreds of shares of ImClone Systems to the FDA on the eve of a refusal to approve the company’s new anti-cancer drug. The value of the stock fell sharply after the FDA announcement. As a result of the investigation, Stewart resigned from the board of the New York Stock Exchange in October, after she joined just four months later.
In June 2003, a 41-page indictment accused Stewart of securities fraud, hampered judicial justice, conspiracy and made false statements to prosecutors and the FBI. She pleads with all the charges of innocence and resigns as chairman and chief executive of her all-media empire. In February 2004, a judge dismissed securities fraud charges, but the jury found her conspiracy, obstructing justice and making false statements. Martha Stewart was sentenced to five months’ imprisonment for a fine of $ 30,000 in July. She served her first part of a sentence at the Lowest Security Prison in Alderson, West Virginia, in October 2004.
Stewart was released from prison on March 4, 2005, just after NBC announced that she will host two new shows: a daytime talk show and how to express and the reality of the spin-off shows by Mark Burnett and Donald Trump General apprenticeship. Stewart put her under house arrest in Bedford, New York for 5 months at her home.
Although the Martha Stewart version of the apprentice failed to attract enough viewers, her own named syndicated daytime program has been in since 2005 when she set up the company, Martha Stewart Multimedia Inc., to continue its growth in new directions in the air in. The business adds several non-Martha Stewart publications, including daily diet and body + soul.
Stewart’s syndicated program moved to Hallmark Channel in 2010 but failed to develop an audience enough to sustain expensive production plans. Hallmark canceled the show in 2012 because of low ratings. That autumn, Stuart launched a new series of PBS called Martha Stewart’s culinary school.
In 2013, Stewart found himself in a courtroom once again. Her company is involved in litigation with the department store chain Macy’s through a contract dispute. Macy’s sued Stewart and retail rival J.C. Penney in Stewart’s Pennsylvania store’s Martha Stewart brand boutiques.
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