On Witness Stand Romney said, “I’m not great at math when I’m on the stand.”

[Procrustes Stretched]

On Witness Stand Romney said, “I’m not great at math when I’m on the stand.”

Romney is not good at math off the stand either, and neither is Paul Ryan

[youtube]PrtNHoyxppE[/youtube]

http://www.businessweek.com/news/2012-10-25/romney-said-share-class-created-as-favor-staples-founder


Romney Created a Special Class of Stock To Screw A Woman

Under a plan approved by Romney and other board members in 1988, Maureen Sullivan Stemberg was given 500,000 shares of Staples common stock, then awarded a special “D’’ class of stock in exchange for those shares. She sold about half of the shares only to learn a year later that the stock was worth more than $22 a share, about 10 times the value of the stock she was awarded by her husband.

In testimony Romney said he backed the deal to give Stemberg’s wife a special class of stock “as a favor to Tom. It was something that was done in my opinion, it was initiated as a favor. Tom needed to have a settlement with his wife so that was the genesis of it.” But Romney insisted the board’s decision was made “in the best interests of the company’s shareholders.”

Romney acknowledged at the time that there were no other cases in which a separate class of securities was created for the benefit of one individual. He also said that as an investor through Bain, he had never seen that kind of a device used before.



Romney testimony in Staples founder’s divorce shows he was initially skeptical of store idea - The Washington Post

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.”

crony capitalism?


Romney Said Share Class Was Favor to Staples Founder - Businessweek

 

[Procrustes Stretched]

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.”

crony capitalism?


Romney Said Share Class Was Favor to Staples Founder - Businessweek

 

[Katzndogz]

obama admitted to only having a 7th grade math competency. That's why we have the economy we have.

Obama to Leno: I struggle with math above the 7th grade level | WashingtonExaminer.com

 

[Procrustes Stretched]

Romney Created a Special Class of Stock To Screw A Woman

Under a plan approved by Romney and other board members in 1988, Maureen Sullivan Stemberg was given 500,000 shares of Staples common stock, then awarded a special “D’’ class of stock in exchange for those shares. She sold about half of the shares only to learn a year later that the stock was worth more than $22 a share, about 10 times the value of the stock she was awarded by her husband.

In testimony Romney said he backed the deal to give Stemberg’s wife a special class of stock “as a favor to Tom. It was something that was done in my opinion, it was initiated as a favor. Tom needed to have a settlement with his wife so that was the genesis of it.” But Romney insisted the board’s decision was made “in the best interests of the company’s shareholders.”

Romney acknowledged at the time that there were no other cases in which a separate class of securities was created for the benefit of one individual. He also said that as an investor through Bain, he had never seen that kind of a device used before.



Romney testimony in Staples founder’s divorce shows he was initially skeptical of store idea - The Washington Post

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.”

crony capitalism?


Romney Said Share Class Was Favor to Staples Founder - Businessweek

 

[Katzndogz]

Too bad Allred was wrong and Romney didn't profit off the stock. If the evil Mrs. Stemburg had held on to her stock until it went public, she would have made a bundle. But, she was stupid.

 

[Procrustes Stretched]

Who cares what Gloria says? And the gag order has not been lifted yet.

It appears Romney created a special class for a 'friend' in order to screw the man's wife during a divorce.

Crony capitalism at it's finest. Romney admitted in court he's never heard of it being done before.


--------------------------------


Romney Created a Special Class of Stock To Screw A Woman

Under a plan approved by Romney and other board members in 1988, Maureen Sullivan Stemberg was given 500,000 shares of Staples common stock, then awarded a special “D’’ class of stock in exchange for those shares. She sold about half of the shares only to learn a year later that the stock was worth more than $22 a share, about 10 times the value of the stock she was awarded by her husband.

In testimony Romney said he backed the deal to give Stemberg’s wife a special class of stock “as a favor to Tom. It was something that was done in my opinion, it was initiated as a favor. Tom needed to have a settlement with his wife so that was the genesis of it.” But Romney insisted the board’s decision was made “in the best interests of the company’s shareholders.”

Romney acknowledged at the time that there were no other cases in which a separate class of securities was created for the benefit of one individual. He also said that as an investor through Bain, he had never seen that kind of a device used before.



Romney testimony in Staples founder’s divorce shows he was initially skeptical of store idea - The Washington Post

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.”

crony capitalism?


Romney Said Share Class Was Favor to Staples Founder - Businessweek

--------------------

On Witness Stand Romney said, “I’m not great at math when I’m on the stand.”

Romney is not good at math off the stand either, and neither is Paul Ryan

[youtube]PrtNHoyxppE[/youtube]

http://www.businessweek.com/news/2012-10-25/romney-said-share-class-created-as-favor-staples-founder

 

[Procrustes Stretched]

Questioned about the valuations of several classes of Staples stock at various times, Romney said, “I’m not great at math when I’m on the stand.” Romney Said Share Class Was Favor to Staples Founder - Businessweek

Liar!!!!

 

[Avatar4321]

So how exactly was she screwed when she was awarded 500,000 shares of common stock?

 

[Procrustes Stretched]

So how exactly was she screwed when she was awarded 500,000 shares of common stock?

a special class of stock was created and it was undervalued. Romney admitted it was so. He even admitted he never heard of doing such a 'favor' before.

The wife sued because she was screwed .. by her husband and Romney during a divorce.

She was awarded a special “D’’ class of stock in exchange for those shares. .. only to learn a year later that the stock was worth more than $22 a share, about 10 times the value of the stock she was awarded by her husband.

 

[Procrustes Stretched]

Oh well, time to ignore reality and put on your magical thinking caps.


Romney/Ryan is losing 2012

 

[Kiki Cannoli]

Romney gave a speech today in iowa regarding the economy and failed to mention that the gdp went up 2% last quarter.

 

[Procrustes Stretched]

shameless bump...

 

[Liability]

I hadda delete my last post. The disconnect wasn't actually a disconnect.

 

[Procrustes Stretched]

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liability