Stewart back on the board
Stephen Foley is a former Associate Business Editor of The Independent, based in New York. He left in August 2012. In a decade at the paper, he covered personal finance, the UK stock market and the pharmaceuticals industry, and had also been the Business section's share tipster. Between arriving with three suitcases in Manhattan in January 2006 and his departure, he witnessed and reported on a great economic boom turning spectacularly to bust. In March 2009, he was named Business and Finance Journalist of the Year at the British Press Awards.
Wednesday 28 September 2011
Martha Stewart, the American home decorating and cooking guru, is back on the board of the company that bears her name, five years after being convicted of insider trading. Her ban on being a director expired this week.
Charlotte Beers, nominating committee chairman at Martha Stewart Living Omnimedia, the media and merchandising group, said: "Martha inspires all of us, and her participation is indispensable to shaping the company's future."
Ms Stewart, who remained creative director at her company throughout her ban, was convicted of trading a biotech company's shares after receiving an inside tip.
She was jailed for five months.
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