Posted on 07/16/2004 7:23:49 AM PDT by TomGuy
Free Martha!!!!!....or Not!
Court decision any moment.
I turned off the Fox News Marthathon in disgust...this thread will have more honesty, original thinking AND wit anyhow.
And on another note...Martha Stewart Omnimedia is up 26.16% on the day. Somebody must be buying those bed linens!
I can guarantee you, that if I had used insider info in my career and got caught, I would have probably lost more than Martha.
However, even as a non licensed stock broker and not setting on the Board of an exchange, I knew better.
Again, thanks for your excellent summation. It says it all for most of us.
Thank Badeye for his greatr summation.
and 2 years probation, according to K-Love radio
At least she won't be able to vote!
She lied, which is why she is going to prison.
The sentence is reasonable. I don't think she really deserves any more.
I was under the impression from the radio that she was not fighting this and would be in jail during the election
I know how you can break into Laura's show. Just mention Rush is a free spirit again and she can lay around the beach in FL. Those two will end up in bed talking all night:) And forget how they got there:)
"I can guarantee you, that if I had used insider info in my career and got caught, I would have probably lost more than Martha.
However, even as a non licensed stock broker and not setting on the Board of an exchange, I knew better.
Again, thanks for your excellent summation. It says it all for most of us."
You and I see this the same. My motivation to post on this subject is due to my position as CEO. I've had to listen for three years about the various financial scandals involving CEO's that beyond a shadow of doubt Knew Better.
They just thought they could get away with it, and they did during the previous administration.
I take my responsibilities very seriously. The Stewarts, the Ken Lay's, the Bernie Ebbers of the world don't. They view it as Divine Right that they are "in charge". And thus, they act in ways that are abhorrent to me.
I think they forgot, if they ever realized it in the first place (Stewart in particular) its those we surroud ourselves with that provide lasting sucess. And its those we surround ourselves with that we owe for our personal sucess.
Its the out of control ego's that did in Stewart, Lay and Enron, Ebbers and worldcom, Sunbeam a decade ago, etc.
Stewarts statement this morning after the sentencing tells me her ego is still "running the show" for her. I suspect five months in prison will dampen that tendency quite a bit.
Nobody who's actually listened to that woman talk can have sympathy for her, and that includes her fellow Democrat Moore fans.
Exactly. All those "I love you, Martha!" types trying to be heard in the background of her 'advertisement' are as pathetic as the throngs who cheer on Michael Jackson every time he makes a court appearance.
All of those of you who think she's getting a raw deal, well, she hasn't served even ten minutes in prison. If you have enough money, you can buy the lawyers, consultants, and professional witnesses you need to get off for whatever you do. The only rich, famous person I can ever remember serving prison time is Mike Tyson, and if Don King had not siphoned off as much of Mike's money as he did, he might have had the high priced legal help that can let you get away with rape.
Five months of house arrest in one of her mansions?!! Hell, let me spend five months in one of her houses, while she spends five months in my mobile home park. She'll see more meth dealers in my neighborhood than she would even in prison.
The stock market is just a way that uber-rich people suck the money out of working and middle class people, by tricking them into thinking they will "hit the big score" someday. It's like Vegas without the free cocktails and topless dancers. Stock brokers at best, are like the folks with the crooked sticks that fetch the dice back after you roll them at the craps table, at worse, they load the dice.
Except that her name is NOT Martha Jones, and she is NOT mid management....... She knew her stock was taking a nose dive and acted accordingly. Her investors did not know, and their INVESTMENT took a nose dive.
"Hell, let me spend five months in one of her houses, while she spends five months in my mobile home park. "
lol....jealous much?
I'm sorry if it comes across that way, but five months of house arrest in a rich person's home is NOT punishment!
Agreed. So many people have been insisting that Martha was only convicted because the jury hates the rich and suffers from class envy. Well, it sounds like she was convicted by a group of Democrats : her political if not financial peers.
She was so arrogant and hystrionic today I wondered why her lawyer didn't try to stop her. The trail was "fatal?? Who died? It suffocated her to death? I'm a victim, so buy my magazine?
She sounded like a shoo-in for prom queen who discovered she didn't win the vote after all. She did not sound the least bit sorry for what she did. Just bitter and angry that everyone didn't agree with her "defense", such as it was. In fact, one of her lawyers said the government did her wrong because Martha didn't know lying to investigators is illegal (HUH??)
In general, FReepers understand that the bad eggs of the corperate world are a minority. If we really thought all CEOs were evil, callous and greedy, we'd be Democrats.
"She was so arrogant and hystrionic today I wondered why her lawyer didn't try to stop her."
You can't stop that type of person from doing whatever they want to do. They won't tolerate it, there are thousands waiting to replace you, be it a lawyer or a housekeeper, those with Stewart's mentality don't feel the need to heed, so to speak.
And in the final analysis, thats what brought Stewart down, and Ebbers, and Lay and all the others.
I aksed myself, and my business partner four years ago a simple question. How much is enough?
These CEO's that are all going to jail never even considered the notion, let alone ask the question out loud. And thats why they are miserable pariah's, wearing (or soon will be wearing) orange coverall's, working for 40 to 50 cents per hour, and anxiously awaiting Saturday visitations.
What goes around does in fact come around. And thats the ultimate moral of these various stories.
SEC indictments are handed down in the order of the biggest PR coverages.
I informed the SEC of an incident where a bank's corporate officers bought 5000 share blocks to avoid SEC scrutiny on a Friday before a PR leak on Saturday that they would be selling out to a larger corp. I showed them the STPD average volume of 30000 and the jump of over 100000 shares above the daily volume.
Every corp officer on the third floor bought shares that day. Every last one.
The statutes of limitations have since expired.
They ignored me.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.