Macy's CEO Takes the Stand in Martha Stewart Case
Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between J.C. Penney and Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday in New York Supreme Court. Testifying, Lundgren said he was shocked when Martha Stewart, who at the time he considered a friend, called to tell him about her arrangement with J.C. Penney. "I was completely shocked and blown away," Lundgren said. "I was literally sick to my stomach."