2016 Postmortem
Related: About this forumArticle from '08 asserts that Mitt misrepresented Staples value to cheat Maureen Stemberg
http://tantmieux.squarespace.com/cyrano-tant-mieux-articles-old/2008/2/5/a-fish-out-of-water-mitt-romney-the-wanna-be-president.htmlIt was about a year and half later later, in 1988 when called as a witness by Tom Stembergs lawyers for a divorce case that Romney said on record that Staples stock was, essentially, over-valued. In his own-words, Romney said, I didnt place a great deal of credibility in the forecast of the companys future. (p. 441, appeals court document No. 95 P 286, Norfolk County) Romney is then asked how many times in the past he has reviewed these kinds of offerings (441). Yet in the early Spring of 1989 Staples went public. So much for undervalued. Either Mitt does not know his figures, or he was dangerously close to perjuring himself on the stand or outright lying. You decide
Of course, as a senior at Bain, the answer can only be many times. Romney goes on to say that Tom Stemberg spoke about the future as if it were today. Tom Stemberg minimized the risk and maximized the high probability of success. (p. 366 appeals court document No. 95 P 286, Norfolk County). And as Romney says to the attorney, and the dream went on.
fleur-de-lisa
(14,628 posts)And the one Gloria Allred is involved in?
tarheelsunc
(2,117 posts)Quite disappointing, because we already know he's a cheating businessman, it does not present anything new.
DLnyc
(2,479 posts)ProudToBeBlueInRhody
(16,399 posts)Damn. I'm sure Shitt can talk his way out of that. Just the cost of doing business.
courseofhistory
(801 posts)it is typical of him to do something like that--lie or fudge the numbers for a friend so his wife (soon to be ex) is cheated out of a lot of money. (unless it could be proven he perjured himself--which is doubtful).
pnwmom
(108,997 posts)and talks about how Romney helped cheat her . . . .
avaistheone1
(14,626 posts)usual the Mitt Robme way. Just like Robme said regarding the businesses he plundered; he would "harvest them at significant profit."
I wouldn't be surprised if Robme ripped off Maureen Stemberg in order to help her husband's side of the balance sheet in this divorce.
Pilotguy
(438 posts)DLnyc
(2,479 posts)The story about a woman being attracted to mitt seems highly improbable, IMHO.
The story about mitt lying seems remarkably believable.
On the other hand, if he were accused of telling the truth about something I would have to be skeptical.
fleur-de-lisa
(14,628 posts)but helping his friend cheat his soon-to-be-ex-wife out of money during divorce proceedings by perjuring himself, yeah, that's the Robme we've all come to know and loathe!
DLnyc
(2,479 posts)But I wasn't saying mitt wouldn't be a cheating husband, just that I have a hard time imagining a woman who would want to cheat WITH him!
Lone_Star_Dem
(28,158 posts)What an ass. Even rich women are going to be ticked he pulled that stunt.
He lied to screw over the wife in a divorce. Every woman's nightmare who went through a bad divorce.
Cha
(297,733 posts)Not helping with the women..just adding to his and gop's War On Women and the Binders Full of Women mentality.
Maximumnegro
(1,134 posts)wouldn't be involved.
If there is a gag order and it was sealed, but who knows, will have to wait if its anything at all.
ProudToBeBlueInRhody
(16,399 posts)It's a woman getting screwed over by a powerful man, and it HUGE publicity and a lot cameras. Gloria will be right there.
LisaL
(44,974 posts)She represents female victims.
If a woman was cheated out of money that should be good enough, IMO.
smorkingapple
(827 posts)I want the salacious shit
Wednesdays
(17,412 posts)otohara
(24,135 posts)At least he did in Feb this year
Tenleytown
(109 posts)Lex
(34,108 posts)TexasBushwhacker
(20,219 posts)and she sold half of it before it went public. Now, I have no idea how much those shares were worth, but they raised $37 million from the IPO. The stock started at $1 per share and stayed under $5 a share until 1996. Then it started taking off, eventually getting as high as $26 a share.
http://finance.yahoo.com/echarts?s=SPLS+Interactive#symbol=spls;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
My question is, if Mitt testified it was "overvalued" why did Bain stay invested and why did he serve on the board for 15 years?
KFredrick
(2 posts)If Romney undervalued the stock, Ms. Stemberg would naturally demand MORE of it. If the intent was to rip her off, he would have overstated the potential value so she would demand fewer shares.
Jeff In Milwaukee
(13,992 posts)Last edited Wed Oct 24, 2012, 11:00 AM - Edit history (1)
Maybe there's something else there, and that's why Allred and the Globe are trying to get at the records.
Edit: Unless the use the "over-valued" as a ruse to get the -ex to accept come other (less valuable) consideration.
Lone_Star_Dem
(28,158 posts)MA is a 50/50 state. Thus, the half she was given was less.