Recently, a piece of news that has attracted the attention of many financial people (related to wealth management securities) is Martha Stewart's release from prison, and the most interesting thing for everyone is that as a prisoner, her wealth has greatly increased because of the rise of stocks. Martha's imprisonment can be said to be a joke to China people, especially those who have spent several years in China stock market.
Martha Stuart is a magazine editor, TV presenter and columnist. Her struggle story is a new version of the American Dream in 199s. From an unknown person, she achieved great success through personal struggle. She founded and published the famous home consultant magazine Martha Stewart Living, which has a fixed readership of 2.1 million and has developed into a media empire. Martha's multimedia empire includes three magazines, the most popular home TV program production in the United States, cooking TV channels, radio program production and tens of millions of books distribution housewives magazine. The company named after her is listed on the New York Stock Exchange. As the boss of a listed company, she didn't make false accounts, nor did she borrow large sums of money from her own company. What's more, unlike some people who bought their favorite famous paintings in the name of the company but took them for themselves, she was charged with insider trading, that is, taking the news heard from market insiders as the basis for her decision on stock trading. And this kind of practice, in the eyes of people in the China stock market, is hardly worth mentioning. As a role model in the hearts of Americans, Martha was convicted, which is incredible.
Martha holds the stock of a biotechnology company called ImClone Systems Inc This company has been doing well and is very sought after by the market, especially the company is developing a new drug for cancer treatment. Once this new drug obtains the production certificate issued by the US Food and Drug Administration (FDA), the profits will roll in. Stimulated by this news, the stock price has been rising. However, this new cancer drug failed to pass the FDA test. Sam Waksal, the founder of the company, knew this situation in advance and wanted to sell the 72, shares he held in advance, but his lawyer stopped this action, which meant a crime. He gave his shares to his daughter and let her sell them, but it didn't work, but his daughter succeeded in selling 39, shares under her name through Peter, a broker of Merrill Lynch, and cashed in $2.5 million.
Peter is also Martha's stockbroker. During Martha's trip, the stock fell to the selling price of 6 dollars set by Martha. Peter informed Martha to make a decision. Martha immediately sold 3,928 shares and cashed in 228, dollars. If it was sold one day later, it would only be 43, dollars. All the behaviors are normal. The problem was that when Peter told Martha whether to sell the stock, Martha called Vauxhall, the president of the company, to find out if there was any problem inside the company. She wanted to know the truth. And this is the insider trading severely cracked down by American securities law. It was precisely because of the news that the new cancer drug was not approved from Vaxol that Martha earned an extra $18,.
This shows that inside information is really a fortune, and information is the property of every shareholder. Once you get this inside information, it is the same as stealing other people's property. In the United States, a country where property rights are strictly defined, it is not allowed to steal money from others in any case. No matter whether this kind of theft is visible or invisible, as long as it actually steals other people's property, it will be punished as it should be. In order to crack down on this invisible theft, the United States has always convicted insider trading in the securities market seriously. In 199, Michael Milken, a famous junk bond king on Wall Street, was sentenced to 1 years in prison and fined $1.1 billion for insider trading. Although Martha strongly denied that she had done anything wrong, the investigation evidence of the US Congress showed that Martha was suspected of insider trading, and Martha was convicted of lying to investigators. On July 16, 24, Martha was sentenced.
As a criminal, if he loses his freedom in prison, in the eyes of China people, when he is released from prison, he will be down and out. Many businessmen in China, such as the businessman who fiddled with cars, the entrepreneur who built Holland Village, and even Delong Company, whose capital chain was broken in 24, lost their efforts for many years. Once businessmen in China are suspected of breaking the law, all their property is frozen and auctioned off to the public. As to which wealth belongs to clean money, it should be owned by individuals at any time, and which wealth belongs to illegal income, it should be confiscated and confiscated. Our judicature has not made a detailed distinction. When Delong Company was in collapse, Delong's state-owned creditors, such as the four major state-owned banks, frozen Delong's assets without any legal means, and even only a few shares of Delong were in these assets. The story that happened in China makes it hard for us to imagine that Martha can still make a lot of money in prison, but the fact is just the opposite. Many shareholders are optimistic about the company owned by Martha. Since Martha was sentenced, the stock has been soaring. On March 3rd this year, the stock closed at $32.4 on the new york Stock Exchange, with a cumulative increase of 17%. While Martha was in prison, her 29 million shares of Class A shares of the company appreciated by $6 million. Prison did not diminish her wealth, but increased it sharply.
As the saying goes in China, "People are not sages, to err is human". Especially in the modern commercial society, under the control of material desires, it is inevitable that people can't grasp themselves sometimes, but they can't deny the whole life because of one mistake. Just as the United States respects property rights and absolutely does not allow citizens to steal other people's wealth, when sentencing a criminal, the United States will never exaggerate the scope of sentencing for a certain thing that the person has done. Martha, for example, is convicted of insider trading if she breaks the law, and she will never go online indefinitely to deny all her efforts and confiscate all her property. The United States respects the property rights of criminals just as it respects the property rights of legitimate citizens. At present, we advocate a harmonious society. When enforcing the law in China, on the one hand, we should severely crack down on criminals, but the sentencing of criminals should be based on specific things and convictions, and we should also respect the legitimate property rights of criminals just like respecting the property rights of legitimate citizens. Otherwise, those who lost all their property because of a wrong behavior may choose to continue to endanger society when they regain their personal freedom.
On March 16th, 25,
It was published in Northern Economic Times
A girl who grew up in a depressed family finally became the second richest woman in America with her indomitable spirit. Although she was imprisoned for obstructing judicial investigation and suspected insider trading, she once again ushered in the spring of her career as soon as she was released from prison. Is she Martha, who is recognized by the industry and the media as the "queen of housekeeping"? Stuart. Recently, Martha has turned her attention to female surfers on the Internet, and her goal is to become a leader in the network of home economics.
Martha, the American "domestic queen"? Stuart began to look at female surfers on the Internet. Just last week, Martha's Life Multimedia Company announced that it will officially re-run marthastewart.com, and this new website will become a fully functional information portal. Martha's goal is to become a leader in the field of home economics, leading women on the Internet to pay attention to lifestyle. In fact, she is getting closer to this goal step by step.
March into the Internet and build a home economics community
It is said that marthastewart.com's new website was successfully revised last month. This family originally just introduced Martha? Stewart's website has become a fully functional portal. On this portal, you can see 7 online short films, including Martha's daily TV show and some good ideas of various domestic services, such as how to make the freshest chocolate cake. The website also has a search function, where you can search for any domestic service that has been exposed on TV or magazines. Of course, there are more than 7 links to other companies' websites, so as to find the best company that best suits customers' needs.
besides, Martha? Stewart has decided that this portal will continue to expand into the personalized field this fall, which will make it easier for people who log on to the website to save, * * * enjoy, collect and interact with information. Many people can even exchange domestic service through this network platform. At present, the click-through rate and registered users of the website are also rising, and a small online housekeeping community is gradually forming.
Susan, president of the company? Ryan believes that the new website will be successful, because Martha? Stewart is the most credible authority on lifestyle. She said: "We are not afraid of anything because we have strong strength. Our content books occupy huge resources, and our creative team is amazing. We constantly update the content-you can enjoy it in this online community kingdom. "
advocating hand sewing
Now, Martha who loves housekeeping? Stewart is planning a new plan: hand sewing, that is, let more and more young women create their own fashion style. This plan will start with the cooperation with sewing machinery manufacturing tycoon SVP. At the beginning of April this year, Martha? Stuart's vivid multimedia company has reached an agreement with three subsidiaries of SVP company-—Singer, Husqvarna Viking and Pfaff, with SVP company providing technical and equipment support. Stewart will vigorously expand the American hand sewing market.
is this Martha, too? Stuart's rare action-so far, all Martha's products are made by the company itself, which is the first time Martha has used other companies' machines. Martha naturally has her reasons for doing this: "The first time I learned to sew, it was on Singer sewing machine, which inspired me." She revealed that she still has a Singer sewing machine made in 191 in her home. This is enough to show the status of this brand in her mind.
Martha? Stuart began to advocate hand sewing again. In fact, her actions have begun to affect some women, who are concerned about Martha's new trends. For example, on the recent reality TV show in the United States, there have been programs introducing the beauty of hand sewing, and many women have begun to like their own hand-sewn clothes. Martha herself is no exception. She once revealed that her wedding dress was sewn by herself.
for her "hand sewing" career, last year, Martha? Stuart also founded a magazine, Blueprint. This magazine mainly talks about how to teach people to sew clothes. At the beginning, this magazine was published twice a year. This year, it has become a bimonthly magazine, and it is expected that six issues will be published throughout the year. And the number of readers has risen sharply from the initial tens of thousands to 25 thousand. For example, one issue of the magazine introduced "How to complete an embroidered gray dress in one day", which was immediately followed by fashionable women.
At present, this craze for hand sewing has spread to young girls, and these girls have joined the army of sewing their own clothes by hand. "Many loyal readers of Blueprint began to build their own fashion taste-I saw a lot, and they were all beautiful." Martha? Stewart proudly said: "I think sewing is such an important thing, especially to let my children know that it is not ironic at all, and it can also let them know what thrift is."
4, shares once made her a prisoner
Martha? Stuart was born in New Jersey in 1941 to a poor Polish immigrant family. At the age of 13, Martha got a job as a model in new york, and then she got a full scholarship to study at Barnard Women's University in new york. In 1961, 2-year-old Stewart was named one of the "Top Ten Well-Dressed Female College Students" by Charm magazine in the United States, which led her to find a Yale Law School graduate as her husband. However, Martha was disappointed with her married life, and she decided to start a new career. After working as a stockbroker on Wall Street for several years, Martha began to set foot in business in 1976, running a gourmet shop near her home. In 1982, she wrote for The New York Times, and soon published her first cooking book, Entertainment. In the following years, Martha did the same for several books, such as Fast Cooking and Wedding Banquet, and thus became a best-selling author.
Later, Martha became the image spokesperson of Kamat Company, the second largest retail group in the United States. This is of course an excellent opportunity to realize self-expansion. In less than a year, Martha has changed from a "catering service practitioner and writer" to the most famous "lifestyle authority" in the United States, and has become the queen of the American housekeeping kingdom, and Martha's own business is getting more and more prosperous.
in p>1991, the magazine Martha? Stuart's life came out; In February 1997, Martha? Stewart Life Multimedia Company was announced; In the summer of 1999, Martha? The company named after Stewart went public, and she owns more than 63% of the company. 21, Martha? Stewart squeezed into Businessweek's list of "25 Best Managers in the World in 2" and was on an equal footing with the CEOs of Coca-Cola, Mobil Oil and Citigroup.
Martha, who has always been accompanied by good luck, began to walk back at the end of 21. At the end of 21, Martha called her stockbroker and asked him to sell 4, shares of Inglon, a biotechnology company under her name, the next day. This eventually became a phone call to send her to prison. In June 23, the US federal grand jury formally filed a lawsuit against Martha, who was suspected of securities fraud, obstruction of justice and other nine charges. In the end, the court convicted her and sentenced her to five months imprisonment and five months confinement at home.
in March p>25, Martha? Stuart finished his sentence. Since 26, Martha? Stewart announced his return and implemented "New Deal" such as establishing magazines and reforming websites. Today, a year later, her "New Deal" has achieved initial results.
Dialogue Martha Stewart
"People appreciate my way of life"
Q: Since you got out of prison, people have always had high expectations. What do you think of this expectation?
A: yes, many people are watching me. To be honest, I have high expectations for myself. I think we have reached an amazing number now-our advertising amount has returned to two years ago (when she was in prison), and the number of registered people on our website is also at a historical high. We are very satisfied with this. Our magazine has also received more and more attention. Of course, I hope to continue to focus on domestic service with my best efforts, which is the most important thing for us.
Q: from the time you stopped broadcasting in prison to the time you started broadcasting again, your "Martha Show" (a TV program that exists every day) did not see a decline in ratings. How did you do that?
A: this program is getting better and better now. I really enjoy being on TV. I feel that we are winning a stable and enthusiastic audience. In addition, we can also use other channels.