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Topic: Miscellaneous
Number of pages / Number of words: 7 / 1828
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However in the beginning Martha wasn't thinking like a CEO she was running scared and her actions in 2002 and 2003 on the way she handled the indictment lost the company and its shareholders lots of money.

THE INDICTMENT

In June of 2002 Sam Waksal CEO of ImClone was indicted for insider trading for tipping off friends about his stock, one of those friends was Martha Stewart...


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Later that month, Martha Stewart issued a statement to the press insisting she had done nothing wrong and protested her innocence. She also gave an explanation for her timely ImClone stock sale. ("Stewart on defense" 4; Masters E2). That day her stock jumped 14 percent. By these statements and results one could argue that Martha Stewart as a CEO acted responsibly that day, she made everyone money and she tried to distance herself from Waksal...


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