She will make a great pen pal and someone to share recipes with...
Posted on 01/23/2004 12:33:04 PM PST by presidio9
Edited on 04/22/2004 11:50:55 PM PDT by Jim Robinson. [history]
"Ladies and Gentlemen of the Jury, we are here today in the Court of Public Opinion to hear of heinous crimes committed by Martha Stewart, the Dictator of Domesticity. I ask you to set aside any old-fashioned prejudices you may have in favor of self-improvement, and forget any qualms you have about blaming a complete stranger for your own feelings of inferiority.
(Excerpt) Read more at online.wsj.com ...
If overall volume spiked, absolutely. Multiple trade from the same broker, closer. They're watching, not necessarily a bad thing.
That would be hard to defend...plus her broker is ratting on her is he not? She should have slept with him too or at least had her daughter do the honours....damn I'm being catty...(slapping myself).
I used to read her recipes, insytead of jokes. The one she had for YORKSHIRE PUDDING, would make a glop of goo And noithing more. OTOH, MY recipe for YP is THE best, this side of the pond. :-)
Martha is a fraud, a phoney, and a backstabbing itch on wheels. She's a liar, a user, and has always acted as though she's better than everyone else, when she isn't at all.
Yes it is well known that her recipe's are not tried and tested. Which in my opinion points to arrogance...the same arrogance that got her into her insider trading trouble. I actually have a different opinion than the author of this article.
My take on Martha Stewart (before her savvy KMart association) was that she cared very little for the working classes or for that matter much of the middle classes. In my opinion Martha Stewart studied what was going on in the kitchen's of the upper classes of yesteryear. These households had a full staff of servants, seamstresses and gardeners.
Ironically and hilariously her credo originally was geared to "upscale urban" women who could afford the time to spend on pursuing the tasks that were once performed by servants. She made servant's work fashionable to be performed by the elite at their own dinner parties from Manhattan to Los Angeles! It's no small feat either. You need a nanny (if you have no children) a garden, and preferably be located in expensive urban areas where you can purchase the upscale ingrediants or fabrics. Good taste Martha? That's a loaded question isn't it?
Nice...Especially the Kmart stuff, which increased her market share...but she did it for the "little" people in fly-over country. Right?(sarcasm)
One of them once spitted at Martha, as she was walking from car to hotel one day, that she was nothing but a rich, pampered WASP. Finally goaded to anger, Martha retorted, "If you knew anything you would know that I am Polish and was anything but rich as a child."
Kinda changes your perspective when you realize that she is self-made and had humble origins -- even those of us (like my wife) who are already her fans.
You're talking out of both sides of your mouth. You say that knowing her background "changes your perspective," before saying that it didn't change your perspective. You're her fan, and so you twist anything and everything in her favor.
The people on this site who are not her fans are neither liberals nor feminists, and so that criticism is also irrelevant. Your post comes down to saying, that since you idolize her, you don't feel that she should have to follow the same laws as those of us whom you consider mere mortals.
I never understood the rage that feminists felt for her. She does her shtick, for people who are into that. It's all between consenting adults, and no one to my knowledge is harmed. However, I know enough about her off-camera behavior to know that she is a Leona Helmsley-like monster ("Only the little people pay taxes") who thinks as you do, that she is exempt from playing by the rules.
And in addition to being a crime, insider trading threatens to destroy the market, since it will lead, without vigorous prosecutions, to a loss in investor confidence, and to people not investing.
She will make a great pen pal and someone to share recipes with...
Where did you read that she had TWO different brokers, one of whom refused to sell her ImClone holdings ?
Not only did she dump her ImClone stock FOUR HOURS AFTER WAKSAL SOLD HIS , but she also sold abolut $45 MILLION of her own, MSO stock right after she found out that her sale of tyhe ImClone stock was being investigated. She sold her own stock, through the firm headed by her old BOILER ROOM boss's new firm. She NEVER tried to sell ImClone through Monnes,Crespie & Hart, the second brokarage firm, she sopld her own stock through.
Does this mean she'll do time in Angola?
SEC Charges Martha Stewart, Broker Peter Bacanovic with Illegal Insider Trading
FOR IMMEDIATE RELEASE
2003-69
Washington, D.C., June 4, 2003 — The Securities and Exchange Commission today filed securities fraud charges against Martha Stewart and her former stockbroker, Peter Bacanovic. The complaint, filed in federal court in Manhattan, alleges that Stewart committed illegal insider trading when she sold stock in a biopharmaceutical company, ImClone Systems, Inc., on Dec. 27, 2001, after receiving an unlawful tip from Bacanovic, at the time a broker with Merrill Lynch, Pierce, Fenner & Smith Incorporated. The Commission further alleges that Stewart and Bacanovic subsequently created an alibi for Stewart's ImClone sales and concealed important facts during SEC and criminal investigations into her trades. In a separate action, the United States Attorney for the Southern District of New York has obtained an indictment charging Stewart and Bacanovic criminally for their false statements concerning Stewart's ImClone trades.The Commission seeks, among other relief, an order requiring Stewart and Bacanovic to disgorge the losses Stewart avoided through her unlawful trades, plus civil monetary penalties. The Commission also seeks an order barring Stewart from acting as a director of, and limiting her activities as an officer of, any public company. Stewart has been Chairman and Chief Executive Officer of Martha Stewart Living Omnimedia, Inc.
Stephen M. Cutler, the SEC's Director of Enforcement, said: "It is fundamentally unfair for someone to have an edge on the market just because she has a stockbroker who is willing to break the rules and give her an illegal tip. It's worse still when the individual engaging in the insider trading is the Chairman and CEO of a public company."
Wayne M. Carlin, Regional Director of the Commission's Northeast Regional Office, said: "The Commission simply cannot allow corporate executives or industry professionals to profit illegally from their access to nonpublic information. The coordinated action announced today by the U.S. Attorney's Office shows that the consequences for those individuals will be even greater if we uncover evidence that they obstructed our investigation."
Stewart's Dec. 27, 2001, ImClone sales came as ImClone and the market anxiously awaited an imminent decision from the Food and Drug Administration on one of ImClone's key products, a cancer treatment called "Erbitux." Bacanovic's unlawful inside tip was that other Bacanovic clients — ImClone's CEO, Samuel Waksal, and Waksal's daughter — had just placed orders to sell all the ImClone stock they held at Merrill Lynch. At the time, Waksal secretly knew that the FDA was about to reject ImClone's Erbitux application. Information about the Waksals' efforts to sell was confidential under Merrill Lynch policies, which prohibited employees from disclosing client transactions or effecting client trades on the basis of other client transactions. Had information about the Waksals' efforts to sell been known publicly, it would have signaled insider pessimism at ImClone about the FDA decision, the prospects for Erbitux, and the future of the company, according to the complaint.
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.
The Commission alleges that Stewart and Bacanovic went on to lie when the Commission staff and criminal authorities questioned them about the facts surrounding Stewart's sale of ImClone stock. Stewart and Bacanovic fabricated an alibi for Stewart's trades, stating that she sold her ImClone stock because she and Bacanovic had decided earlier that she would sell if ImClone's stock price fell below $60 per share. In addition, Stewart told the government that she did not recall anyone telling her that day that any of the Waksals were selling their ImClone stock.
Pursuant to a separate Commission order issued this morning, the Commission has barred Faneuil from association with a broker, dealer, or investment adviser. The Commission acknowledges the assistance of the U.S. Attorney's Office for the Southern District of New York and the Federal Bureau of Investigation in the investigation of this matter.
She HATED being thought of as " the help ", when she ran her catering service.She's always had a grandiose view of herself.
She and a girl friend, when she was first married, had sort of a not so friendly rivalry going,in entertaining their group of friends and used Julia Childs' cookbooks as their bible. As is her wont, Martha " screwed " that friend too.
Signing with Kmart, was just money, money, MONEY; not to mention the manipulations and shenanigans Martha used, to finance her private " lifestyle " and turning herself into someone better known.
My memory may be faulty, but I believe a trade was "placed" at Smith Barney, the broker checked with his compliance dept, as he should, and the market closed before any action could be taken. I think it was for Martha's account, but it might have been for Waskel.
Mommy knew her. Me ? I had lunch at her place once ( mommy dragged me )to hear Miller ( Goldwater's V.P./running mate )speak. Otherwise, all I know about dear Mrs. Guest, is what mommy would tell me. Mommy liked her a lot and that's good enough for me.
No, she didn't suffer fools gladly and wasn't a " snob ". :-)
Oh yes, and she was BIG in GOP circles. That's how mommy knew her.
That's it in a nutshell; and it was after the first charges against her were handed down; she opened her little chatty web site, decrying her innocence......which, to the SEC, meant she was manipulating the company, thus causing her stockholders to lose money!
At least that's what Neil Cavuto said.
Martha is so snobby, when she was offered the first deal, it just wasn't good enough for her, so she called one of her many friends at DOJ and tried to go over the NY AG's head for a better deal. She got the door slammed in her face.
Stupid Martha.
Bacanovic was at Merrill Lynch and her other account was/is at Monness,Crespie&Hart. Smith Barney has not been talked about, in anything I've ever seen or heard, in connection with Martha.
And Sam Waksal sold his own stock through Bacanovic, at Merrill Lynch.
And, further in her favor, she published an article in her magazine about Parlange, a plantation home in Pointe Coupee Parish in Louisiana, where my family is from, which truly "got" the virtues of Parlange. I expect that, in both cases, the decisions were made by employees, not the woman herself, but a sympathetic article about Parlange is worth more than rubies in my book. Parlange is where the angels go when they die.
I've often wondered quite seriously in fact if that view of oneself is a prerequisite to wealth. I've got a lot of self loving insead of self loathing to do.
That second house, was bought by Kmart, the supplies paid for by Kmart,used for a charity venue,but so messed about with, that the charity either got nothing, or very little and when she sold the house, NEVER paid Kmart back their investment, let alone given any of the profits.
Now, her first house was akin to a concentration camp...forced labor, done by her whimmpy husband, her friends, her siblings,her daughter, and yes, Martha. But, truth be told, you need to read " MARTHA INC. ", by Christopher Byron and " JUST DESSERTS ",by Jerry Oppenheimer,because I can't possibly type all the info on Martha, to FR. LOL
I'm sure that someone on her staff, did the nice article on Parlange.
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