Romney Said Stocks Sold at 1/10th of value Was 'Good Price'

Posted in the Charlotte Forum

Bishop Willard Mit Romney

Huntersville, NC

#1 Oct 25, 2012
"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."

http://bostonglobe.com/news/politics/2012/10/...

Just like the Romneybot Repubitardishness to screw over one of there own.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Charlotte Discussions

Title Updated Last By Comments
Buh Bye All You IBM Employees (Oct '10) 3 hr remember 254
Where Did the Devil Come From? (May '08) 18 hr dollarsbill 419
Belmont man's art exhibit captures mill era's d... 19 hr Belmont Resident 3
can someone explain this to me? 21 hr ntheknow 4
Peter Demas-no worries (Jul '10) 22 hr KoK-LoL 124
Charlotte's uptown New Year's Eve party is moving Sat Anthony Holloway 1
Legit massage for wife? Sat PropertyGuyCLT 5
Charlotte Dating
Find my Match
More from around the web

Charlotte People Search

Addresses and phone numbers for FREE

Charlotte News, Events & Info

Click for news, events and info in Charlotte

Personal Finance

Mortgages [ See current mortgage rates ]

NFL Latest News

Updated 8:29 am PST

CBS Sports 8:29AM
Five candidates who could be the next head coach of the Atlanta Falcons
Bleacher Report11:22 AM
Carolina Panthers vs. Atlanta Falcons: Live Atlanta Score and Analysis
Bleacher Report11:22 AM
Carolina Panthers vs. Atlanta Falcons: Live Atlanta Score and Analysis
Bleacher Report12:18 PM
Carolina Panthers vs. Atlanta Falcons: Live Carolina Score and Analysis
Bleacher Report12:18 PM
Carolina Panthers vs. Atlanta Falcons: Live Carolina Score and Analysis