Mitt’s Testimony in Stemberg Case

As expected, Mitt’s unsealed testimony on behalf of Tom Stemberg, the co-founder of Staples, in a suit by his ex-wife Maureen to amend the financial settlement of their divorce, was that Maureen had gotten good prices when she sold Staples stock in 1988 for $2.25 a share and for $2.48 a share.

A year after those sales,  on April 28, 1989, Staples had an IPO at $19 a share and closed its first day at $22.50.

Mitt testified in 1991.

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