Breaking Update: Court Unseals Potentially Devastating Testimony -- Romney Said Stocks Sold at 1/10th of Eventual Value Was 'Good Price'
Romney does appear to have covered for his friend.
The Boston Globe reports: "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. Full Story »
Posted by Dwight Rousu
