10/14/2004

martha & prison

Martha Stewart has plans on writing a prison diary during her 5 month stay in prison, a deal worth up to $5 million. Being the business women that she is, she has found a way to make even more money off of her inside trading scandals. If published the book could be out by August 2005. It seems as though some people can turn a criminal punishment into a monetary gain. Martha’s business antics has made her rich and infamous. Her business mal-practice has landed her in the penitentiary. Ethics in business as stated by many is lacking. The lack of ethics is causing ripples of confidence amongst consumers globally and Martha is continuing to make a mockery of the judicial and capital institution of America.

http://money.cnn.com/2004/10/14/news/newsmakers/martha_book/index.htm

8 comments:

peter_parker said...

It's interesting how in this capitalist society, the rich stay rich. It reminds me of Karl Marx's argument against capitalism that it makes a commodity of everything-even the diary of a convicted felon. When I am rich and famous and get busted for lying in business deals, I won't even consider marketing my story. It's just way unethical.

Rufio said...

I understand that what Martha did to land herself in prison was very unethical, but I fail to see how her writing a prison journal can be classified as such. A journal can be a great way to analyze your own thoughts and feelings. Maybe by writing this prison journal Martha will come to a greater understanding of the err of her ways.

Martha Stewart is much like any organization we see in the world today--they make mistakes. When those mistakes are large, an evaluation of the company must be made. In order for that organization to survive economically it needs to change its ways and press on. This is why Martha goes on, not to just make herself money, but to keep her organization alive that employs many hard-working people. What would happen to the homemaking industry if Martha just decided to call it quits? Would her organization survive? I'm not sure, but I think Martha should be given a little credit for showing such determination at this time in her life.

Janet said...

There will always be more fame in people that do wrong with their lives rather than right. Martha Stewart will be towards the top of conversation until she gets out of prison. Once she goes back to her normal live, people will not care to hear about her anymore. I agree with stevepadilla2 that "people can turn a criminal punishment into a monetary gain." Books will always be written about what the accused did wrong. The majority of our society, today, is more interested in reality than anything else. It isn't an ethical issue but more of what sells.

John West said...

This is not just Martha's doing, the rest of the world is to blame as well. Why would people approach Martha to write a tell-all about her prison experience? The public has a voracious appetite for such things.

Bryce Larkin said...

Yes Martha was caught doing a crime, but I believe that everyone took it too far. I'm not saying Martha should not be punished, I just believe that it was blown out of proportion. At the end of the day, the difference she made was around $40,000. Yes, it was a crime but it was on TV everywhere and if she can make money in prison good for her. The media completely ruined her life.

Callie said...

Please! This subject is sickening. I promise that the homemaking industry will not fail without Martha! John West is right, our society does have an appetite for stupid things, such as a journal she might write in prison. I agree that turning a criminal punishment into a monetary gain is unethical, but it is brilliant. I will laugh out loud about it! It will be interesting to see how ethical our country is though. Is it going to sell like crazy? Or will people protest up and down the streets with signs? I can't wait to see, but hopefully people are more concerned with other issues!

Maudi said...

I don't think that her book will do that well. Honestly, who wants to read about her 5 months in jail?? Seriously, wouldn't you rather be at Kmart buying all of her Martha Stewart collection half off? The only reason she made as much money as she did is because she had nice products that were priced just right. But I doubt that a book about her life in prison will do as well as the lovely decor that my wife has purchased.

Dr. Tufte said...

Hmmm. I thought that it wasn't legal to sell prison memoirs for profit. Maybe I'm wrong. If I am, this will just prove that there is no bad publicity.