Martha Stewart, a lady who made billions of dollars talking about stuff for your house and dinner parties and things like that and also went to jail once, is already feuding with her company's new co-CEO, Wendy Harris Millard. Recall that, just this past summer, Stewart's company pushed out Susan Lyne, the former CEO. Now even Millard (Lyne's replacement) herself acknowledges there's been "healthy debate," which means the shit must have been too bad to even try to deny. The "differences" are attributed to different "personalities." For example, Martha Stewart's personality is that of a tyrant. [NYP via Cityfile]
WASPy, blonde Martha Stewart doppelganger Susan Lyne has stepped down as chief executive of Martha Stewart Living Omnimedia, and will be replaced by new co-CEOs Robin Marino and Wenda Harris Millard, the popular former Yahoo sales chief. As Gawker pointed out, the stock price is tanking, but Lyne did bring the company's books back to black after Stewart's obstruction-of-justice conviction. (Photo by AP/Mary Altaffer)
Martha Stewart Living Omnimedia, the domestic queen's massive publishing and television conglomerate, has just announced that its CEO, Susan Lyne, has (ahem) "stepped down." Replacing Lyne will be two co-CEOs—an equivocation that often signals that a company was not well prepared for an executive transition. Lyne came on as head of the company when Martha Stewart went to jail in 2004, and has presided over a big drop in MSLO's stock price. But while her departure may have been inevitable, it's not necessarily a productive move. The magazine industry is in an irreversible decline, and no number of firings will change that fact. Sorry!