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Martha Stewart Exec’s Stripping Biz

He’s making money at it!

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Charles Koppelman, the chairman of still-struggling Martha Stewart Living Omnimedia, has a sideline that’s apparently doing better: aerobic pole dancing. He’s a partner in Sheila Kelley’s S Factor, a popular stripping-as-exercise studio, which is trying to expand into more locations in New York. (It currently has studios in California, Chicago, Bridgehampton, and West Chelsea.) S Factor executives are actively scouring the city with brokers Neal Sroka and Anita Grossberg of the Corcoran Group. According to SEC filings, Koppelman, previously the CEO of EMI Music, earns $725,000 base compensation from Omnimedia, none of which is stuffed into his G-string. “This is a great fitness program,” says Koppelman. “Sheila convinced me that it’s about empowering women. Everyone who has taken a class says it’s a life-altering experience.” Koppelman, however, hasn’t had the chance, as men are banned from the studio. “I don’t even know what they do in the classes,” he adds. 

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