Word: patrick
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...peripheral role in the company means that it must now figure out how to move forward without its most important product. Stewart owns about 61% of the company's stock, and its business is indelibly marked with her name. While brand experts have criticized the new CEO, Sharon Patrick, for moving too slowly to separate the company from the convicted felon, the seeds of that transformation are already in place...
...PATRICK KOVARIK/AFP/GETTY...
...Stewart plans to appeal her conviction and remains free on bail. But new Martha Stewart Living Omnimedia CEO Sharon Patrick must now figure out how to move the business forward with the company's iconic founder possibly heading behind bars. In the first quarter this year, sales dropped 23% to $44.5 million and the company suffered a loss of $20 million, so a reinvention of the brand looks increasingly urgent. Among other changes, the company's flagship magazine Martha Stewart Living?which saw ad revenue drop 54% in the first quarter?has already been redesigned and its back page, once...
...yourself." VICE PRESIDENT DICK CHENEY, to Democratic Senator Patrick Leahy of Vermont, on the Senate floor after members gathered for their annual group photograph. Cheney later admitted that he "probably" cursed at the Senator, who has made accusations of cronyism in the granting of contracts to the Vice President's former company, Halliburton. Cheney added that he "felt better afterwards...
...Vulcans--a campaign 2000 nickname for George W. Bush's hawkish national security team--went Krakatoa last week. Dick Cheney erupted on the Senate floor, deploying the F word against Vermont Democrat Patrick Leahy, who had been belaboring the Vice President over the no-bid deals that Cheney's old company, Halliburton, had scored in Iraq. Deputy Defense Secretary Paul Wolfowitz suffered a meltdown in a House Armed Services Committee hearing, blasting the press for "sitting in Baghdad" and "printing rumors." (He later apologized.) And the White House was forced to acknowledge that Defense Secretary Donald Rumsfeld had approved...