Wednesday, April 19, 2006

All in The Family at Martha Stewart Living


Boy the way Glen Miller played
Songs that made the hit parade.
Guys like us we had it made,
Those were the days.

And though profits continue to elude shareholders of Martha Stewart Living Omnimedia, Inc. (MSO-$19.50), rewards are aplenty for those closest to Martha Stewart, the $900,000 [per annum] paid ‘Founder.’ The Company employed Martha Stewart’s sister-in-law in the years ended December 31, 2005, 2004 and 2003 for aggregate compensation of $160,000, $157,000, and $181,000, respectively. The Company employed Martha Stewart’s brother-in-law in the years ended December 31, 2005, 2004 and 2003 for aggregate compensation of $146,000, $104,000, and $121,000, respectively. The Company employed Martha Stewart’s daughter in the year ended December 31, 2005 for aggregate compensation of $131,000. The Company paid Martha Stewart’s sister a consulting fee of $70,000 for editorial services in the year ended December 31, 2005.

And you knew who you were then,
Girls were girls and men were men,
Mister we could use a man
Like Herbert Hoover again.

The Company employed the daughter of Charles Koppelman, Chairman of the Board of the Company, during the year ended December 31, 2005 for aggregate compensation of $48,000.

Didn't need no welfare state,
Everybody pulled his weight.
Gee our old LaSalle ran great.
Those were the days.

The Company made a financial commitment of $100,000 to the VCU Adcenter with which Rick Boyko, a Company Director, is affiliated. The VCU Adcenter is part of the non-profit Virginia Commonwealth University.

Those were the days! [Song: All in the Family television show lyrics]

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