Romney lied under oath to help his scumbag buddy screw his wife in a divorce.Romneys scumbag buddy later tried to end the women's health insurance while she was going through a serious illness.Hopefully they can get this story out there
Apart from a close friendship, which is no secret, between Mitt Romney and Tom Stemberg, one turns the question over and over why it is that the now Governor of Massachusetts would have ever testified in a divorce case? We speak here of Mitt Romneyâs relationship with Stapleâs founder Tom Stemberg who is now Romneyâs Campaign Manager. He was called, thatâs why, and had no choice, but Romney did have a choice and an obligation to be completely forthcoming on the stand.
But then, the details havenât been made clearly public, so in some effort to set the long and very winding road straight (for this is really like going through the looking glass, which may well be as it is intended), Mitt Romney and Tom Stemberg go back a long way â all the way to the very founding of Staples when Romney was working for Bain and felt that Staples was perhaps a good investment and was the first investor to come on board to the tune of $650,000 dollars.
It was about a year and half later later, in 1988 when called as a witness by Tom Stembergâs lawyers for a divorce case that Romney said on record that Staples stock was, essentially, âover-valued. In his own-words, Romney said, âI didnât place a great deal of credibility in the forecast of the companyâs future.â (p. 441, appeals court document No. 95 P 286, Norfolk County) Romney is then asked how many times in the past he has âreviewed these kinds of offeringsâ (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 decideâ¦Romney.jpg
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.â (p. 366 appeals court document No. 95 P 286, Norfolk County). And as Romney says to the attorney, ââ¦and the dream went on.â
What is important to note here is that while Romney was giving this testimony, he was also in dealings with Stemberg and Goldman Sachs to take the company public. That is to say, a company of no worth, in Romneyâs own words â he was about to carry the âdreamâ forward.
Staples went public through Goldman Sachs but three years after Romneyâs initial capital investment. âMitt Romney says heâs prouder of this [Staples] investment than any other.â (Mister PowerPoint Goes to Washington, Mathew Rees, December 1, 2006)
The issue here, if it is not already clear, is why a primary investor in a company that Romney was about to take public and of which he later says he is prouder than any other, he downplayed in a civil divorce case
As a witness for Tom Stemberg, Romney perhaps wanted to downplay the worth of Staples because if he did this then Maureen Sullivan-Stemberg stood to gain a whole lot less from Staples equity because Romney had just undervalued her ex-husbandâs primary asset in a fifty/fifty state. If Staples is not worth very much, if the judge can be convinced of that, then how much can he award in terms of shares?
More, if monies and property are communal in a marriage, why wasnât Staples split fifty-fifty and why was Romney testifying at all, other than the fact that Tom Stemberg, clearly one of Mitt Romneyâs best friends and who recently said of Romney, âI have never met a better venture capitalist [than Mitt Romney]â¦I suspect he will be an equally good president.â (Mr. PowerPoint Goes to Washington, Wide Awakes, syndicated).
Clearly, the relationship between the two has not ended, and thatâs fine: why shouldnât they be friends. But Mitt Romney is running a bid for presidency on certain values and they are directly at odds with what some of what he has done, and certainly, what his best-friends who support him do. Now, since this article was began, Tom Stemberg has been named Romneyâs campaign manager.
Letâs look first at Romneyâs integrity in 1989 at the time of the Stemberg divorce when he was a major shareholder, the first investor, and a boardmember and as such, had, as with any corporation, if the stock was plummeting and in as bad a shape as Romney had said on the stand, why had he not informed shareholders, in particular, didnât he inform major shareholders like Maureen Sullivan-Stemberg (regardless that they were divorcing his best friend, for that would be immoral to withhold, right?) who owned at the time approximately 180,000 shares.
If Staples really was going under as Romney said and was not viable, like any corporate shareholder meeting that would be held, his role as the a primary investor and major shareholder would be to inform the shareholders, particularly large shareholders of the companyâs future and how he did not âplace a great deal of credibility in the forecast of the companyâs futureâ (441, Appeals Court, No. 95-P-286, Norfolk County.â and that they were living a âdreamâ to use his word. (âand the dream went onâ¦â (ibid) Romney apparently still has what Boston.com reported as a âdistinct lack of authenticity.â (
http://www.boston.com/news/nation/articles/2008/01/07/romney_tries_to_rebound_on_record/)
That Romney in the Sullivan-Stemberg case and for Tom Stemberg, and get what you will from his testimony because to one day say the company is worth nothing, then take it public, make millions, then say it is his âproudest achievementâ sounds a lot like flip-flopping which Romney has done on many issues, including abortion when he was pro-choice, pro-gay rights, and so on â he flip-flops, just as when he was nervous, he by some sources used to flip his tie back and forth. How apt.
In 1994 Romney was all for gay rights and gay marriage and unions, then he did an about face in 2003 and became the gate-keeper. Romney also claimed to have âfew friends in the national rifle associationâ yet now he is all for bearing arms. As the clock tick-tocks, Romney flip-flops. He is like a flounder on the bottom of a boat, just reeled out of the water, unable to breathe in the oxygen and hence, in a panic and choking on his own words. Once you reel Romney in, you see what his real views are, which frankly, are illusory and not real because he remains The Man Who Will Not Be Known.