Memo to Martha Stewart, CEO of Martha Stewart Omnimedia Essay -- Lette

Memo to Martha Stewart, CEO of Martha Stewart Omnimedia Dear Ms. Stewart,I am written material to address some concerns I have about the future of your society, Martha Stewart Omnimedia (MSO). by chance the one issue that you are grappling with at present is about the Imclone scandal. You have been acc make use ofd of selling $227,000 worth of Imclone stock based on inside information. Because of these charges of insider trading, your critics have summarily associated you with opposite disgraced company directors Kenneth bring down of Enron and Bernard Ebbers of WorldCom. But the strange thing about your case is that while separate CEOs have been charged for making use of their own companies to gain do good for themselves, you, on the other hand, have not purposefully misled investors or doctored MSOs accounts.William Evan and Edward Freeman, in their essay A Stakeholder Theory of the Modern tidy sum, argue that the accusive of a company and its managers is not only to m aximize profit for its owners and stockholders, only when also to balance the benefits received or losses incurred by other stakeholdersemployees, suppliers, customers, and the local community, all of whom may be influenced by company decisions. As the owner of MSO, your aim is ostensibly to maximize profits for yourself, but contradictory most other indicted CEOs, you have not tried to obtain individualized gains at the expense of the stakeholders of your enterprise. Rather, the charges that have been brought against you are for your dealings with another company in this day and age where investors bemoan the lack of ethics of CEOs who use the power of their position in the boardroom to achieve selfish gains at the expense of their own company and its stakeholders, the charges of insider t... ...ks CitedCarnegie, Andrew. Wealth. Advanced College Essay Business and Its Publics. Ed. tricksy C. Hoy II and Denice Martone. new(a) York McGraw-Hill, 2002. 279-84.Didion, Joan. Everyw oman.com. Advanced College Essay Business and Its Publics. Ed. hydrant C. Hoy II and Denice Martone. New York McGraw-Hill, 2002. 143-52.Evan, William M. and Edward R. Freeman. A Stakeholder Theory of The Modern Corporation Kantian Capitalism. Advanced College Essay Business and Its Publics. Ed. Pat C. Hoy II and Denice Martone. New York McGraw-Hill, 2002. 329-38.Hays, Constance L. Martha Stewart Living Says Revenue Fell 14% in the Quarter. The New York Times. 1 May. 2003. Martha Stewart Omnimedia. Martha Stewart Omnimedia. 16 Oct. 2001. http//www.marthastewart.com