Business Services Industry
Martha Stewart Pleads Not Guilty to Criminal Charges, Resigns as Chair, CEO.
Knight Ridder/Tribune Business News, June, 2003
The Boston Globe Knight Ridder/Tribune Business News
Jun. 5--NEW YORK--Media and home-fashion executive Martha Stewart resigned yesterday as chairwoman and chief executive of her namesake company after she and former Merrill Lynch broker Peter Bacanovic were charged with nine counts of conspiracy to obstruct justice, making false statements, perjury, and securities fraud in a federal investigation into insider trading that has dogged the pair for more than a year.
Stewart will remain on the board of directors and will serve as the chief creative officer of Martha Stewart Living Omnimedia Inc., the company she founded six years ago. The company's president and chief operating officer, Sharon Patrick, will take over as chief executive, and...
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