Friday, October 26, 2012

Romney's proudest boast was Staples, except in court

Mitt Romney the great businessman testified in court in 1988 that Staples, whose success he claims justifies all the frauds of his business career,  had no future.

"Romney testified on record that Staples stock was 'over-valued,' and that he 'didn’t place a great deal of credibility in the forecast of the company’s future. Willard went on to testify that Stemberg spoke about the probability of success as if it was today and that 'he minimized the risk and maximized the high probability of success, and the dream went on.'"

Why? One possible reason  is he perjured himself to help the Staples CEO minimize losses to his wife in divorce proceedings.  Alternatively, Mitt Romney really didn't believe in Staples, and they succeeded in spite of him, not because of him.

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