Martha Stewart
Multi-Media Lifestyle Entrepreneur
Martha Stewart's image as the personification of gracious living may
lead some to imagine that she grew up in the sort of rural luxury
pictured in her books and magazine. In fact, she was born on August 3,
1941 in the industrial city of Jersey City, New Jersey, a location known
more for heavy industry than for rustic charm. Her parents, Martha and
Edward Kostyra, were a schoolteacher and a pharmaceuticals salesman,
respectively. When Martha was three, the family moved to Nutley, New
Jersey, where she grew up with four brothers and sisters in a close-knit
Polish-American family defined by the father's intense ambition for his
children. Edward Kostyra taught his daughter gardening when she was only
three; her mother taught her cooking and baking and sewing; she learned
still more about baking pies and cakes from an elderly couple -- retired
bakers -- who lived next door.
Martha Kostyra was a hard-working, serious child. A
straight A student, she won a partial scholarship to Barnard College in
New York City and worked as a model to help pay expenses. She began her
college career intending to study chemistry, but later switched to art,
European history and architectural history. Just after her sophomore
year, she married Andrew Stewart, a law student. After graduation, she
continued a successful modeling career, doing television commercials for
Breck, Clairol, Lifebuoy soap and Tareyton cigarettes. In 1965, her
daughter was born, and Martha Stewart quit modeling,
In 1967 she began a successful second career as a
stockbroker, her father-in law's profession. Andrew Stewart founded a
publishing house and served as chief executive of several others. When
recession hit Wall Street in 1973, Martha Stewart left the brokerage.
She and her husband moved to Westport, Connecticut, where they undertook
the ambitious restoration of the 1805 farmhouse seen in her television
programs. She still lives there.
In 1976, Martha Stewart started a catering business,
first in partnership with a friend from college days, and then on her
own. In ten years this business, which she ran out of the basement of
her farmhouse, had become a $1 million enterprise. She also opened a
retail store in Westport to sell specialty foods and supplies for
entertaining. She wrote articles for the New York Times and was an
editor and columnist for the magazine House Beautiful. In 1982
Martha Stewart published the first of many lavishly illustrated books. Entertaining,
co-written with Elizabeth Hawes, was an instantaneous success, and made
Martha Stewart into a one-woman industry. Soon she was producing video
tapes, dinner-music CDs, television specials and dozens of books on hors
d'oeuvres, pies, weddings, Christmas, gardening and restoring old
houses.
Regular appearances on the Today show made her
a household name. She signed an advertising and consulting contract with
Kmart for a reported $5 million. She typically earns $10,000 for a
lecture and customers pay $900 a head to attend seminars at her
Connecticut farm. For much of the 1980s, she was a contributing editor
to Family Circle magazine before starting her own magazine, Martha
Stewart Living, which attained a circulation of 1.3 million.
After appearing on multiple television specials on
cable, public and network television, in 1993 Martha Stewart started a
syndicated half-hour TV show called, like her magazine, Martha
Stewart Living. Her enterprises have grown into a conglomerate,
Martha Stewart Living Omnimedia, Inc. (MSO), with branches in
publishing, television, merchandising and Internet/direct commerce,
providing products in eight core areas: home, cooking and entertaining,
gardening, crafts, holidays, housekeeping, weddings, and child care.
Over
the years, Martha Stewart has shown patience and good humor in the face
of the criticism and satire that are the inevitable lot of public
figures in the mass media, but in 2003 she faced her greatest challenge
to date, an investigation of her personal stock trading by the Justice
Department and the Securities Exchange Commission. Through it all, she
has maintained her innocence and retained her composure. She has already
had more influence on how Americans, eat, entertain, and decorate their
homes and gardens than any one person in our history. MARTHA
STEWART Chairman
and Chief Executive Officer Martha Stewart Living Omnimedia
Martha
Stewart has twice been named one of the "50 Most Powerful
Women" by Fortune Magazine (October 1998 and October 1999), as well
as one of "America's 25 Most Influential People" by Time
Magazine in June 1996. She has earned two Emmy Awards for
"Outstanding Service Show Host," (for the 1994-95 and 1996-97
broadcast seasons), and in March 1998, she earned an Edison Achievement
Award from the American Marketing Association. In Fall 1998, Martha
Stewart was presented the HFN 1998 CEO Summit Award, and was inducted
into the National Sales & Marketing Hall of Fame. Martha was named
"Publishing Executive of the Year" by Adweek in March 1996,
and was a recipient of a 1996 Matrix Award in the magazine category,
honoring her as an outstanding woman in the communications industry.
Martha lectures across the country on behalf of numerous organizations,
supporting charities including the national chapter of the March of
Dimes and the Lupus Foundation. |