Word: stewart
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...Martha Stewart was one of the most successful female entrepreneurs in history—and some people loved to hate her for it. Last Friday, her critics had their hey-day. While few fully understand the actual charges brought against her, Americans were all too eager to pipe in on her more egregious offenses. As Daily News columnist Lenore Skenazy asserted, “She is too confident. Too competent. Too rich. She’s even too pretty.” If there is anything to be taken away from this scandal, it’s that...
...Stewart did break the law; she was found guilty of conspiring with her former Merrill Lynch stockbroker, Peter Bacanovic, for hiding the reason behind her Dec. 27, 2001 sale of shares in the biotech company ImClone Systems. The judge threw out the most serious charge against her—securities fraud, and prosecutors did not have evidence of insider trading and could not bring that charge against her. Stewart’s savings on the ImClone shares, sold the day before an announcement that sent the stock tumbling, was relatively small by corporate scandal standards, amounting to approximately...
...while it is still unclear to many what she was actually charged with, everyone seems to know about her character flaws. She has been condemned as a domineering executive who is overly bold in the business world and lacks personal warmth. Stewart is an incredibly impressive self-made woman who has earned more than a billion dollars teaching a sophisticated version of home ec. Can we blame her for being aggressive...
...culture that still feels slightly uncomfortable with the idea of an assertive, powerful woman, Martha Stewart was a perfect scapegoat. This is not to imply that what Stewart did was excusable—it certainly is not. But the public reaction to her case suggests that this scandal was much more a product of who she was than what she did. Her boldness was a bit too threatening and it is certainly part of the reason that the public was all too eager to see this ambitious female icon crumble...
Americans can sleep a little more soundly now that this all-too-perfect woman has been kicked off her pedestal. But as people continue to take secret satisfaction in her downfall, her story is sending a powerful message. Stewart may have devoted her entire career to teaching young women how to cook and decorate, but her most enduring lesson will likely result from her demise: a lady ought to know her place...