Can't believe he'll get away with this. Money Boo Boo vouched for a low price on Staples

[Laura PourMeADrink]

[font size=3.2]Mitt Romney vouched for low price on Staples stock that traded 10 times higher a year later

By 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 couple’s 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.

Romney’s testimony in a post-divorce lawsuit brought in 1990 by Sullivan Stemberg was unsealed on Thursday in Norfolk Probate and Family Court at the Globe’s request. Sullivan Stemberg sued unsuccessfully to amend the couple’s 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

[fascisthunter]

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]

2. BUT...This fucking guy is running for President. Geez !!!!!!!!!!!!!!!!!!!!!!!!!!

[fascisthunter]

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.