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Non-Tech : Martha Stewart -- Scourge or Scapegoat -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey S. Mitchell who wrote (9)2/3/2003 12:07:46 PM
From: SalemsHex  Respond to of 165
 
I understand what you're saying. By definition, I don't think Martha was an insider. So, she really shouldn't be held to the same rules and regulations.

And I don't really believe that's what all the fuss is about. Martha kept changing her story. And some of what she told the SEC and others wasn't the truth. So the story goes. And that's why I believe this fiasco is still ongoing. Not to mention shareholders have filed many complaints. This is one of the very few cases where the name IS the company. Did Martha violate her fiduciary duties to shareholders? I believe she shoulda come clean right away and been done with it. In hindsight, I'm sure she'd wished she had, too.

As I previously stated, I'd much prefer the SEC, FBI and others go after Enron, WorldCom, Global Crossing and a few others who bilked shareholders outta billions. These companies violated far more rules that Ms Kostyra. They broke the law. Many times over. Martha may get nailed for obstruction of justice, but that's only a guess. I don't see how they'll nail her for insider trading, if that's their ultimate goal.