“MARTHA has been fiddling while Rome burns,” says source but domestic diva about to get her comeuppance!
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MARTHA STEWART’s been living large while her company sinks, but sources say the domestic diva is finally getting her wings clipped!
Her firm, Martha Stewart Living Omnimedia, has turned a profit just once in the past 11 years, and its stock has plummeted from a high of $38 a share to a measly $2.43.
Meanwhile, 72-year-old Martha – who became an instant billionaire when the company went public in 1999 – was granted increasingly huge pay hikes. Her total compensation jumped from $2 million in 2007 to $7 million in 2008. In 2009, she pocketed $9.7 million, while the company lost $15 million!
“To a lot of people involved in the company, Martha has been fiddling while Rome burned,” said a source.