Except for that nasty skirmish with the SEC a few years ago, Martha Stewart's got it pretty good. In exchange for showing us how to make Chicken Pot-au-Feu and silk-flower ring pillows, she earned more than $2 million last year. Could that deal be any more perfect?
Yes, thanks to a big raise that Martha's getting for filming her television shows at any of her homes, which include homes in Bedford, Mt. Desert Island, and East Hampton. This exhibit attached to the the 10-Q that Martha Stewart Living Omnimedia (MSO) filed on Monday spells out the terms of the "intangible asset license agreement". To be fair, the existence of the agreement was first disclosed in this 8K filed on June 17, though the actual terms of the deal with MS Real Estate Management Company - a company owned by Martha Stewart -- were delayed until the Q. The agreement, which is retroactive to last November, provides in part:
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