Decorating maven resigns from NYSE board

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Friday, Oct. 4, 2002 | 9:52 a.m.

NEW YORK -- Martha Stewart, dogged by questions about her role in the ImClone Systems Inc. insider trading scandal, has resigned from the New York Stock Exchange's board of directors.

The decorating entrepreneur announced her departure Thursday, a day after an assistant to her stockbroker agreed to help prosecutors investigating Stewart's sale of ImClone stock before the pharmaceutical company's shares plunged.

"I did not want the media attention currently surrounding me to distract from the important work of the NYSE and thus felt it was appropriate to resign," Stewart said in a statement after she sent her resignation letter to Dick Grasso, the NYSE's chairman and chief executive.