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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCan't believe he'll get away with this. Money Boo Boo vouched for a low price on Staples
[font size=3.2]Mitt Romney vouched for low price on Staples stock that traded 10 times higher a year laterBy Callum Borchers, Globe Correspondent
CANTON, Mass. Mitt Romney testified under oath in 1991 that the ex-wife of Staples founder Tom Stemberg got a fair deal in the couples 1988 divorce, even though the company shares Maureen Sullivan Stemberg received were valued at a tenth of Staples stock price on the day of its initial public offering only a year later.
At the time the Stembergs split, Romney suggested, there was little indication that Staples value would soon skyrocket.
Romneys testimony in a post-divorce lawsuit brought in 1990 by Sullivan Stemberg was unsealed on Thursday in Norfolk Probate and Family Court at the Globes request. Sullivan Stemberg sued unsuccessfully to amend the couples financial agreement after Staples went public in 1989 and closed its first day of trading at $22.50 per share, 10 times the value she had received.
Stemberg left his wife in February 1987, and the divorce was finalized in July 1988. Before the official split, the couple negotiated an agreement in which Sullivan Stemberg got 500,000 shares of Staples stock, which Stemberg valued at $2.25 per share.
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http://www.boston.com/politicalintelligence/2012/10/25/mitt-romney-vouched-for-low-price-staples-stock-that-traded-times-higher-year-later/1xtJ1tgH9EisZBdsQ8nXPM/story.html
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Can't believe he'll get away with this. Money Boo Boo vouched for a low price on Staples (Original Post)
Laura PourMeADrink
Oct 2012
OP
BUT...This fucking guy is running for President. Geez !!!!!!!!!!!!!!!!!!!!!!!!!!
Laura PourMeADrink
Oct 2012
#2
fascisthunter
(29,381 posts)1. I Can... anyone paying attention in this corrupt country
of ours knows he'll get away with it. And the so-called goodie-two-shoe media will go along with it, because money is god in the USA.
Laura PourMeADrink
(42,770 posts)2. BUT...This fucking guy is running for President. Geez !!!!!!!!!!!!!!!!!!!!!!!!!!
fascisthunter
(29,381 posts)3. a Supreme Court decided an election
we've invaded and occupied countries under false pretenses... our elections are decided by machines owned by private for profit companies which count our votes... this is consistent.