Is Martha Stewart damaging her business empire?

11/11/2012 | New York Times (tiered subscription model), The

Martha Stewart holds almost 90% of shareholder voting rights in Martha Stewart Living Omnimedia, but critics say she's too often failed to put the company's health before her personal interests. The company's share price has collapsed in recent years even as Stewart has collected a sizable salary and billed the company for expensive perks. "The flaw is, she's not a manager. She's a brand icon. She's a visionary. But she's not a CEO," says one confidant.

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