Martha's Company Could Dodge Her Woes

By Jane Black

Martha Stewart was all smiles when she arrived at the Waldorf Astoria for the Magazine Publishers of America's Hall of Fame awards on Jan. 29. Swathed in an oversize fur coat, the 61-year-old domestic diva looked fabulous. Perhaps it was an attempt to end a run of unflattering photos of her. That, according to a Feb. 3 profile in New Yorker magazine, is one of her beefs about media coverage of her legal problems. Feds are probing into whether she obstructed justice or violated insider trading laws surrounding her sale of nearly 4,000 shares of ImClone, a biotech startup, in December, 2001. Or maybe she wanted to show the assembled power elite that her troubles are behind her -- despite recent published reports that the Justice Dept. is turning up the heat.

The crowd did notice the spring in Martha's step, say people present at the event. But equally obvious was how exhausted Sharon Patrick looked. As pre

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