Posted by Adam

Wednesday September 4, 2013

MARTHA Stewart has been living like a queen while her company collapses.

The domestic diva’s 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, Martha 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,” a source told American tabloid the National Enquirer.

“Her argument has always been that her name is on the company masthead, and she has to show that others can enjoy a taste of her lifestyle by buying her wares.

“But it’s come to the point of no re­turn. The company is laying off people while Martha lives like the Queen of England.

“Martha is willing to feel the pinch a bit to help reverse the company’s fortunes, but she says Martha Stewart does not live on a budget.

“Still, when push comes to shove, the big money may not be there for her anymore.”

Tags: martha stewart