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In newly unsealed testimony related to Staples founder Tom Stemberg's divorce, Republican presidential candidate Mitt Romney says he was initially skeptical of the idea for Staples, the office supply chain he lauds as a business success story that he helped create.
Romney said during the hearings that in Staples' early days, its initial stores performed "far behind our expectations." He said friends told him that Staples was "a hard place to shop" and employees were "surly."
During the presidential campaign, Romney has described Staples as a "great American success story" and has taken credit for its growth...
Romney also acknowledged in testimony in Massachusetts probate court in 1991 that he and other Staples directors created a special class of company stock for Stemberg's then-wife as a "favor" to Stemberg.
A Massachusetts judge unsealed Romney's testimony Thursday at the request of The Boston Globe.
Lawyers for The Boston Globe argued that the public has the right to know the contents because Stemberg has been a prominent spokesman for Romney's qualifications for the presidency and has cited Romney's role in Staples' success. The office supply company was founded with backing from Romney's firm, Bain Capital.
http://www.kansascity.com/2012/10/25/3884769/judge-oks-release-of-romney-divorce.html
