Last year was another difficult period for Martha Stewart Living Omnimedia Inc. The publisher posted a net loss of $17 million and now hasn't reported a profitable year since 2002, when its famous founder's legal problems became front-page news.
Still, Martha Stewart Omnimedia awarded Ms. Stewart $2.1 million in compensation last year, citing her continuing efforts to turn around the company's fortunes, according to a proxy statement released Monday.
Chief Executive Susan Lyne told the company's board that Ms. Stewart had worked "assiduously" throughout the year by producing and starring in her daily television show and also traveling extensively to promote Martha Stewart products. Ms. Lyne was paid $4.8 million last year.
In addition to being awarded $900,000 in salary and $1 million in bonuses, Ms. Stewart was also granted a $100,000 annual expense allowance.
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