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Stewart Board Stands Behind Maligned Martha
Updated from 3:42 p.m. EDT
The lead director of Martha Stewart Living Omnimedia (MSO Quote), defending his embattled chief on one of her worst days, told shareholders gathered Tuesday that a possible indictment won't force Martha Stewart from the company she founded.
Former Sears CEO Arthur Martinez had the awkward task of presiding over Martha Stewart Living's annual meeting on the same day the company announced that its world-famous CEO is likely headed for more trouble. Federal prosecutors are planning to seek an indictment of Stewart, and civil charges from the Securities and Exchange Commission may be pending as well, the company said. ...
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