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ID number:444648
 
Evaluation:
Published: 12.11.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Few would dispute that Martha Stewart Living Omnimedia could use a little help right now. But former ABC executive Susan Lyne could face some tough challenges as the new president and CEO of the empire that Stewart built MSO announced Lyne's appointment and resignation of current CEO Sharon Patrick on Nov. 11. The news sparked some positive reaction from investors in after-hours trading, as they pushed up the stock almost 5%, to $19.50, about an hour after the announcement. Indeed, the stock has rallied of late, ever since its celebrity namesake began serving jail time. …

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