Word: martha
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TIME: Do you sympathize with Martha Stewart...
CLINTON: I do. Martha is a friend of mine, and I am very sorry for what she's going through now. I have no information about what she's charged with, but I think there's more at work than meets...
Before she was ever an icon or a punch line, a media mogul or an accused felon, Martha Stewart was a person who would stand her ground, no matter what. In 1987, when Stewart was negotiating with Kmart for the licensing deal that would turn her into, literally, a household name, she was just a popular cookbook author--"a nobody," says Paul Argenti, who worked on the project as a consultant to Kmart's CEO. Nevertheless, she stood up to Kmart's top executives, who wanted her to take an exclusive deal with the Lifetime cable channel to help promote...
...Alexis, 37, waited quietly on a bench in the back. The nine-count indictment alleges that Stewart altered evidence that she traded on inside information about the biotech company ImClone Systems, conspired with her stockbroker to lie to federal officials investigating the trade and defrauded shareholders in her company, Martha Stewart Living Omnimedia, by misleading them about why she had sold the stock. Her perfunctory responses to Judge Miriam Cedarbaum's questions (Did she understand the charges? Did she need them read aloud?) were barely audible. But when Cedarbaum asked for a plea, Stewart's response--"Not. Guilty."--rang...
...done nothing wrong" and has become a celebrity scapegoat for more egregious, if less glamorous, corporate criminals. And her many fans agree, including some who say she's being targeted as an uppity woman executive who has made it in a preserve dominated by men. Prosecutors see it differently. "Martha Stewart is being prosecuted not for who she is but what she did," said James Comey, U.S. Attorney for the Southern District of New York. The case against her, experts say, will be difficult to prove but could serve as a deterrent in the government's larger effort to curb...