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Old 03-15-2004, 10:58 AM  
Amputate Your Head
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Convicted felon Martha Stewart resigns

from her own company.

linkage

Martha Stewart, convicted of lying to the government last week, resigned from her company's board on Monday.

NEW YORK - Martha Stewart resigned Monday from the board and as chief creative officer of the media empire she built, a little more than a week after she was convicted of lying to federal investigators related to a 2001 stock sale.

Stewart, who is the company?s largest shareholder, had been expected to relinquish her board seat, but possibly keep some creative non-officer role. Had she not stepped down, her departure from the board and any executive position would likely have been forced by the Securities and Exchange Commission, given that she is a convicted felon.
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