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  • Mitt Romney vouched for low price on Staples stock that traded 10 times higher a year later

    10/25/2012 7:31:05 PM PDT · by Red Steel · 83 replies
    Boston Globe ^ | 10/25/2012 6:23 PM | Callum Borchers
    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...