The train wreck that is Martha Stewart Living Omnimedia Inc. (NYSE: MSO) continued as the firm probably will dump its new chief executive. The New York Post reports:
Martha Stewart Living Omnimedia CEO Lisa Gersh is expected to announce her resignation, possibly as early as this week, just five months after she was elevated to the top job.
The struggling company is said to be weighing a new strategy in an attempt to transform itself into one more focused on merchandising across a range of products.
For months, there also has been talk of tension between Gersh, an experienced media executive, and the company’s namesake founder and chief creative officer.
Stewart was said to crave broad television exposure and was upset in January when the Hallmark Channel ended her daily talk show.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
