Mitt Romney’s Blunt Talk On Venture Capital
Most don’t succeed, he said under oath in testimony released today, portions of which were obtained by BuzzFeed. Most, he says, are “liquidated” or “harvested.”
Romney was examined by Joseph Walsh, the lawyer for Maureen Sullivan-Stemberg, in a suit against her ex-husband, Thomas G. Stemberg. The judge rules for Thomas Stemberg, the founder of Staples. The testimony was given in Norfolk, Mass. Probate Court on October 7, 1991.
Romney also suggested in another section of his testimony that he believed in the late 1980s that Staples had only a 25% chance of survival — a somewhat surprising comment given how central his investment in Staples has been to the narrative of his career as a master investor, and even to the video that introduced him at the Republican National Convention this year.
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- MEP thinks Mitt Romney's Blunt Talk On Ventu... is WTF
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buddersmoosh 6 months agoIt’s about his business dealings, it’s pretty sketchy if you ask me. He’s talking about how he basically took a company it’s earnings and reaped the profits from it, so in the case of the ex wife, she didn’t get anything because Romney or whoever valuated the company for less than what it was worth. What a POS!
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