Martha Stewarts image and company atomic number 18 taking a farinaceous hit in the media and the investment firm-taking market, collectible 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 wrong fell. Martha recently stepped down as professorship and CEO in hopes of slowing the decline in her persuade and gross gross sales. Martha Stewarts closing to step down as chairman and CEO throne affect her company in several(prenominal) ways: By stepping down, she whitethorn have been able to annul much of the negative forethought away from her company and sales exit begin to stabilize. This bequeath result in stock prices going up and requirement for her product to increase. If this does not happen, it whitethorn result in a decrease of demand for her products. This whitethorn result in decrease prices and over supply of her products, which ordain affect her stock prices and sales, make her stock to decrease in price and sales meter to sag. Sharon Patrick, the former Chief operating(a) officer was named CEO to replace Stewart. Upon announcement, stock rose 11 cents. This is precisely what Martha Stewart is hoping for, as a mass shareholder.
Despite the negative press, Stewart has numerous supporters who willing continue to buy her products, need 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/ credit line/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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