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...name. "I always look at the brighter side and now I know exactly what not to do." Lee relishes what lies ahead. "I think there's always been a brand or an identity that people can relate to, whether it's Betty Crocker or Julia Child or Martha Stewart or Sandra Lee. You need to be able to identify with people who make sense to you. You can't identify with Mr. Clean...

Author: /time Magazine | Title: Who Will Be The Next Domestic Diva? | 2/16/2004 | See Source »

...Food and Drug Administration (FDA) issued a negative ruling on ImClone's experimental anticancer drug. The shares tanked after ImClone disclosed that news. Stewart saved at least $45,000 by selling her shares when she did, for $58.43. A few days after the sale, Merrill Lynch compliance officials quizzed Faneuil about the transaction. He then conferred privately with Bacanovic, who insisted the sale had been made to help Stewart offset taxes on other stock gains. But when Stewart's financial adviser angrily complained to Faneuil that the ImClone shares had been sold at a profit and "screwed up" previous...

Author: /time Magazine | Title: Oh, My God! Get Martha On The Phone | 2/16/2004 | See Source »

After a shaky start, the government made strong headway last week in its attempt to prove that Stewart sold shares in the biotech firm ImClone Systems on the basis of privileged information and then lied to federal investigators about why she sold when she did. Faneuil is the government's key witness and his testimony could ultimately lay low the high priestess of housewares...

Author: /time Magazine | Title: Oh, My God! Get Martha On The Phone | 2/16/2004 | See Source »

...When Faneuil told his boss about the Waksals, Bacanovic blurted out, "Oh, my God! Get Martha on the phone." Faneuil said he took this to mean his boss wanted to warn his prize client to sell her ImClone shares. But Bacanovic was only able to leave a message for Stewart, who was en route to Mexico, and he told Faneuil to expect her return call. "Can I tell her about Sam? Am I allowed to?" Faneuil recalled asking. "Of course," came Bacanovic's reply, according to Faneuil. "That's the whole point...

Author: /time Magazine | Title: Oh, My God! Get Martha On The Phone | 2/16/2004 | See Source »

...Martha Stewart, in all her tarnished glory, who drew the news cameras, the spectators jockeying for good seats, the visit from Rosie O'Donnell. But it was the slight, soft-spoken 28-year-old Douglas Faneuil, in his plain gray suit and tie, who last week owned the room inside the lower-Manhattan federal courthouse where Stewart is facing criminal charges for obstruction of justice and securities fraud. Faneuil is the former assistant to Peter Bacanovic, Stewart's broker at Merrill Lynch and her co-defendant in the trial. For three days Faneuil electrified the jury with his tales...

Author: /time Magazine | Title: Oh, My God! Get Martha On The Phone | 2/16/2004 | See Source »

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