Martha Stewarts image and company ar taking a usual hit in the media and the var.-taking market, referable to her recent bill of indictment for securities fraud and lying to federal official investigators after she sold shares in the biotech company ImClone Systems Inc before the hurt fell. Martha recently stepped down as professorship and CEO in hopes of slowing the decline in her rip and gross sales. Martha Stewarts stopping point to step down as chairman and CEO gage affect her company in several(prenominal) ways: By stepping down, she whitethorn have been able to cark much of the negative direction away from her company and sales exit begin to stabilize. This go away result in stock prices going up and postulate for her product to increase. If this does not happen, it may result in a decrease of demand for her products. This may result in lessen prices and over supply of her products, which depart affect her stock prices and sales, causing her stock to decrease in price and sales numbers racket to sag. Sharon Patrick, the former Chief operating(a) officeholder was named CEO to replace Stewart. Upon announcement, stock rose 11 cents. This is salutary what Martha Stewart is hoping for, as a majority shareholder.
Despite the negative press, Stewart has numerous supporters who get out continue to buy her products, occupy her books and articles and watch her programs. References Emling, S. (2003, June 6). Stewart fights back. battle of capital of Georgia Journal-Constitution.com. Retrieved June 6, 2003 from http://www.ajc.com/ occupancy/content/business/0603/06stewart.html. Picchi, A. (2003, June 9). An understudy stairs ups amidst Stewarts troubles. LA Times.com. Retrieved June 9, 2003 from http://www.latimes.com. If you want to get a exuberant essay, order it on our website:
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