Thursday, October 25, 2012

Staples, Mitt, and women.

Disclaimer: IF you're going to stick with Mitt regardless of what he thinks of you as a woman, maybe you don't really want to read about what he thinks of you, as a woman.


Some might be shocked at this newest revelation, but then again, when Mitt inelegantly talked about "binders full of women", you already should know where Mitt's coming from.  That he got the history of the account wrong, is equally instructive.

Today, testimony was released in a two-decades old divorce trial involving the co-founder of Staples, Tom Stemberg.  In it, we discover that Mitt Romney (as the head of Bain Capital) intentionally undervalued a special class of stock that was created just for the purpose of screwing over Stemberg's wife, in the divorce.

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. - Boston Globe

Romney also said that a new class of shares was created specifically for Stemberg.
“It was initiated as a favor,” Romney testified. “Tom needed to have a settlement with his wife.” - Bloomberg

If it looks like a duck, smells like a duck and quacks like a duck, it's probably a duck.

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