$45,673

http://www.sec.gov/news/press/2003-69.htm

The Commission alleges that, during the morning of Dec. 27, 2001, Bacanovic instructed his assistant, Douglas Faneuil, to tell Stewart that Waksal and his daughter were selling all the ImClone stock held in their Merrill Lynch accounts. During a subsequent telephone call, Faneuil conveyed that information to Stewart, who promptly instructed Faneuil to sell all 3,928 shares of her ImClone stock. The next day, Dec. 28, 2001, ImClone announced that the FDA had decided not to accept ImClone's Erbitux application for filing. By the close of the next trading day, Monday, Dec. 31, 2001, the price of ImClone stock dropped 16% to $46 per share. By selling when she did, Stewart avoided losses of $45,673.

???

that deprived tens of thousands of middle class americans of their retirement, caused thousands of businesses to lose tens of millions of dollars and caused investors worldwide to lose confidence in the U.S. capital markets.

(oops, nevermind that was Kenny Boy, but he's a republican, so all is forgiven)

Martha will prevail.

I think they picked the wrong scapegoat.

AAR Unfiltered is discussing whether WE, as liberals/the left, should take up the case for Martha. I say YES!!! HELL YES!!! the whole thing was complete BS.

i would have done the same thing but, then again, i was never a stock broker... :shrug:

that's why they are rich. Is she still appealing the decision? I seem to remind that the government lied about something in this trial too.

I've glad she's a free woman. If Omni hires her back I'm buying an subscription.

It's a good thing.

in lost income and legal fees. More, over the long-run, as she lost control over OmniMedia.

Shows how greed can cloud even the best business minds, and why businesspeople shouldn't be running the country.

Anyone want to speculate why they made an object lesson out of Martha? Hint, it has nothing to do with her being a woman.

it had everything to do with her being a woman
AND
her political leanings
AND
diverting attention
AND
getting a trophy conviction


All of this was the initial reaction I had when all this started and it isn't a conspiracy theory.

just as well. The sin she committed was creating herself into a product that outperformed the rest, one which could not be easily copied. Stewart's insistance on pushing off suitors (takeover bids) also figured into it. Pure envy and avarice. They destroyed Howard Hughes for largely the same reasons.

The implosion of the New Economy, of which Stewart was very much an icon, explains the timing of the sacrifice.

See my point?

This is a misogynistic crew who despise Martha Stewart BECAUSE she's a powerful woman, and a Democrat at that. There are any number of Democratic MEN the SEC could have chosen as a scapegoat, but Martha Stewart - because of her message of empowerment to women - was singled out for no other reason than her gender.

America likes its ritual victims to be celebrities. Perhaps, Martha was a celebrity because she's a woman? But, the gender factor, even in combination with her celebrity, is insufficient to explain her selection for sacrifice.

As Martha Stewart's cult of personality grew, one which resisted expropriation and imitation, her independence threatened the corporate identity. She upset the order of things -- Stewart had to go.

because she made donations to democrats. Two strikes, you're out Martha. If she'd donated to republicans she'd have gone scot free.

joining them.

year her net worth was just 300 million.

Honey, she MADE money. She's FINE, and this cost her nothing; she got some rest, lost some weight and is perhaps a tad more humbled. But she didn't lose a dime. MSO is at its highest, and sales of her magazine are great. The pending merger with Sears and Kmart will put even more of her hard goods on more store shelves than ever.

As they say in the biz, ANY publicity is GOOD publicity.

Martha KICKS butt!

She's gonna be okay.



Martha Stewart (news - web sites) passes her horses at her home in Katonah, N.Y., Friday, March 4, 2005. Stewart must spend the next five months in home confinement here at her $16 million New York estate. Stewart will be allowed to leave the house for 48 hours a week to work, and will resume collecting her $900,000 salary as head of Martha Stewart Living Omnimedia Inc. She'll also begin working on two television shows. (AP Photo/Louis Lanzano)

http://story.news.yahoo.com/news?tmpl=story2&u=/050304/480/nygb11403041557&e=1&ncid=705

Woman or no woman, Democrat or no Democrat...she was privvy to information that a "common" stockholder or even a member of the board would have, and used that information to avoid personal losses. So far, her conviction hasn't been overturned, and I'll reserve judgement on how this conviction was brought until the appeals process plays out. As one who is an investor, these people have created a lot of economic hardships for usually the smallest investor or draining pensions and savings by market manipulation.

Unfortunately Martha was the trophy that took the heat off of Ebers & Lay & Worldcom and a lot of the other, far more intrusive and damaging stock manipulations. It also gave a lot of others who regularly involved in the practice a smoke screen to take their booty and vanish.

Lou Dobbs...one of the few voices to speak out for real investigations into what was going on to his "beloved street" (since he knew how damaging it would be in the long run) is now on a non-stop anti-immigration and protectionsim jag.

Meanwhile Martha comes off as a victim, a celebrity, but she still did wrong and, at least in my book, her sex, politics or celebrity can't mar what still stands on the books.

:eyes:

Lay stole BILLIONS, is free as a bird and will never do jail time. Martha didn't steal ANYTHING and didn't do ANYTHING every single other broker and trader hasn't done, and did TIME.

SHE IS A HERO. She TOTALLY Rocks. In fact, you know what? I think I'll buy some MSO!

Right there in plain sight.

That the mean streets of America will be just a little bit more dangerous now that Martha is back on the loose.

(cue cheesy 70's music)

Harden by her time in "Gladiator academy" she brought a can opener and she is opening up a can of WHOOP ASS!!!

Tommy Chong!

"Today, we're going to learn how regular household items can be turned into a bong. But first, we'll visit a collection of antique hookahs."

She really didn't hurt anyone, just save a years wages. She didn't systematically destroy her company and wipe out all her shareholders and employees like some Republicans we won't mention, yet she goes to jail and they all still remain free in their multi-million dollar mansions.

I'm still having trouble shedding tears for Martha Stewart.

was unfair compared to Enron executives, for example.

Once you start saying that one person should be in jail more than another, the legal system becomes a shell game.

I still have hope that all the players in Enron are going to see the inside of a cell.

and that one person is Martha Stewart. Note that Ken Lay is still breathing air on the outside of prison walls, and may never get even a slap on the wrist for his crimes. I don't condone the fact that Martha Stewart got a heads-up on some stock she owned, but I believe it pales in comparison to conspiring to manipulate energy prices in order to fleece millions of utility customers, defraud investors, and strip employees of their savings.

However, if you feel there's no degree of difference in guilt or in the relative magnitudes between these crimes, please DO proceed in your explanation of why they're completely comparable. This could get interesting.

I am just trying to point out the actual money that was involved. Piffle to someone as rich as Martha.

as a five-year-old's lemonade stand is to Starbucks.

Spot on

Funny how the medicine that ImClone was developing, Erbitux, was shot down suddenly by the FDA, even though it was expected to gain approval. After Martha Stewart was safely tucked away in federal prison, however, the drug gets approved! I contend that she was set up to sell her ImClone stock, which would trigger the insider-trading accusations. I'd like to see an investigation into exactly *why* Erbitux was headed for approval, not approved, and subsequently approved. I want to see documentation of the *exact* concerns the FDA had about Erbitux compared to a timeline of SEC investigation into Martha Stewart's case.

I don't condone what she did, but I also don't see where the standards to which she was held are being applied equally. I suspect that the real reason Martha Stewart was targeted for insider trading has more to do with her gender than her political persuasion. Since she's a powerful woman AND a Democrat, however, that made her that much more an attractive target.

Martha was not convicted of insider trading. She was convicted of lying about it.

http://money.cnn.com/2004/03/05/news/companies/martha_verdict/

NEW YORK (CNN/Money) - A jury found Martha Stewart guilty Friday on all four counts of obstructing justice and lying to investigators about a well-timed stock sale, and the former stockbroker turned style-setter could face years in jail.

And how many lives and how much money has W LIE cost?

Whether it was insider trading or lying about it, I'm still convinced the wheels were set in motion for bringing down Martha Stewart with denial of Erbitux's approval.

She's a Democrat.

:P

Fortunately, she is also a very STRONG woman.

Her being convicted for "obstruction of justice" charges on a charge that was later DROPPED is totally wrong! Lying about a "justice" charge that never was proven???

This would be like convicting OJ for lying about the glove. After he had been found "innocent" of all other charges. Yeah. Like that would ever happen.

Let's see what they do now about kenny boy and his family. Let's insist that "equal justice" be applied to his case. After all, what are we? Predjudiced? I most certainly hope not!

Welcome to DU!! :toast: