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(Daily Kos)   You know who would make a great president? The guy who created a special stock in order to swindle the ex-wife of a colleague. But, you know, *legally*   (dailykos.com ) divider line
    More: Hero, property settlement, public offerings, gag orders, Health Care, International, blood  
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5566 clicks; posted to Politics » on 26 Oct 2012 at 12:31 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



98 Comments     (+0 »)
 
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2012-10-26 12:30:37 PM  
Shame on you Willard.
 
2012-10-26 12:33:28 PM  
This is the same technique that Mitt used to get $50M into a tax-free Roth IRA.

The rich do not play by the same rules as the rest of us.
 
2012-10-26 12:34:18 PM  
More of this? Has Obama responded to Trump yet? It's all so delicious.
 
2012-10-26 12:34:20 PM  
And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.
 
2012-10-26 12:34:53 PM  
Anything is possible within the world of securities exchanges. You can literally make money vanish out of thin air at your whim. It's a good business to be in. This is also why you shouldn't put much trust into that pretty 401k you've been building up
 
2012-10-26 12:36:08 PM  
Pretty standard for him. Look at his taxes. He claimed he paid what was legally owed (he did). He completely glosses over the point that he should legally owe a lot more, and treats it as a separate issue, "too much government regulation."

It's like farting in a crowded elevator. It's legal, but not really ethical.
 
2012-10-26 12:36:51 PM  
if it's legal, no swindling involved.
 
2012-10-26 12:37:16 PM  

randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.


Hey look, evidence that there are parallel universes, and information can leak between them!
 
2012-10-26 12:37:29 PM  

randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.


i136.photobucket.com

/hot
 
2012-10-26 12:38:09 PM  

randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.


I'll bite. What have we learned?

Please proceed, Trollvernor.
 
2012-10-26 12:38:29 PM  

randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.


t3.gstatic.com
 
2012-10-26 12:38:43 PM  
The same guy who gives 20% of his income to his church yet claims it will have no influence on him?
 
2012-10-26 12:40:08 PM  

randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.


I love this one. Could be a troll, satire, or genuine belief.

Excellently executed.
 
2012-10-26 12:40:50 PM  

Shvetz: It's like farting in a crowded elevator. It's legal, but not really ethical


So I don't need to stop it then.
 
2012-10-26 12:41:00 PM  
If you swindle someone out of $500 bucks, that's bad.
If you swindle someone out of $5,000 bucks, that's really bad.
If you swindle someone out pf $500,000 bucks, thats impressive. Bravo! You must get up really early in the morning!
 
2012-10-26 12:41:49 PM  

Cletus C.: More of this? Has Obama responded to Trump yet? It's all so delicious.


You know what would be more delicious? Colbert's balls. Trump should take him up on his offer. For charity..
 
2012-10-26 12:41:56 PM  

Adam West for President: randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.

I'll bite. What have we learned?

Please proceed, Trollvernor.


We learned that if we would known the truth earlier we would have been able to criticize differently. Romney would have angled his Americans are dead smirk another 3 degrees.
 
2012-10-26 12:41:58 PM  

randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.


You are a sad little man.

If you are doing this for money, you are lowlife scum, and sad.

If you are doing this for the lulz, you are pathetic and sad.

If you believe the things you say, its sad, pathetic, and just plain embarrassing for you.

So which of the 3 is it?
 
2012-10-26 12:43:04 PM  

incendi: randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.

Hey look, evidence that there are parallel universes, and information can leak between them!


I've long suspected Random is a refugee from the universe in which Paul Ryan has a serious and well articulated plan.
 
2012-10-26 12:43:49 PM  
I like how random has just taken to saying "but Obama is worse". He isn't providing evidence anymore and he can't bring himself to defend Romney...he just throws out a blanket statement of "but Obama". Hilarious.
 
2012-10-26 12:44:17 PM  
I think Randomwharrgrable wont be back. He's take his daily threadshiat here and moved on to nap time.
 
2012-10-26 12:44:24 PM  

LarryDan43: The same guy who gives 20% of his income to his church yet claims it will have no influence on him?


I know democrats are financially illiterate, but I would expect them to at least understand what direction "influence" flows with money donations.
 
2012-10-26 12:44:34 PM  
Without knowing or reading anything about the details of this deal, I would speculate they created a share class that did not have voting rights. The valuation of the non-voting shares would be the same as standard shares, so that the soon-to-be-ex wife could be given a bloc of shares that fulfilled the terms of the divorce settlement as far as the value of the marital assets, while shielding Staples and its other shareholders from the possibility of an angry ex-wife being able to exert influence on her ex-husband's company.

When Staples went public, the special class of non-voting shares would of course be valued differently than other types of shares.

Another possibility: non-dividend yielding shares, incentivizing her to sell off her shares to cash in on them now, rather than hold on to them and cause mischief.

Or maybe the special share class was created so that the husband could discharge his obligation without having to sell his shares and incur capital gains taxes.
 
2012-10-26 12:45:49 PM  

Lost Thought 00: Anything is possible within the world of securities exchanges. You can literally make money vanish out of thin air at your whim. It's a good business to be in. This is also why you shouldn't put much trust into that pretty 401k you've been building up


That is a pretty weird trick, but I do agree that the middle class' tax sheltered savings are going to be targeted, whether through hyper-inflation, change of tax status by legislation, or some faux bankruptcy...and both parties are going to do it.
 
2012-10-26 12:46:31 PM  
As juicy as this story could be, it won't get any legs. Because it might have a negative effect on the horse race.

ZOMG! the polls are tied! MITTENTUM!!!
 
2012-10-26 12:46:38 PM  

Raharu: I think Randomwharrgrable wont be back. He's take his daily threadshiat here and moved on to nap time.


When Condoleezza Rice dismantled the fake outrage pretty much everyone dropped the issue. I guess Random is even too dumb to keep up with talking points.
 
2012-10-26 12:46:56 PM  
If every nasty thing said about Romney is true, he's a wretched hive of scum and villainy.

If every nasty thing said about Obama is true, he's supernatural.
 
2012-10-26 12:48:03 PM  

madgonad: This is the same technique that Mitt used to get $50M into a tax-free Roth IRA.

The rich do not play by the same rules as the rest of us.


Well since I came in here to say this I have to post something else now.

i.imgur.com
 
2012-10-26 12:50:43 PM  
How did this screw her over?

Sullivan screwed herself when she sold the shares before the IPO.

I imagine the special class of shares was more to keep the hell-biatch from causing trouble as a significant holder of voting shares.
 
2012-10-26 12:50:43 PM  

Jackson Herring: madgonad: This is the same technique that Mitt used to get $50M into a tax-free Roth IRA.

The rich do not play by the same rules as the rest of us.

Well since I came in here to say this I have to post something else now.

[i.imgur.com image 500x250]


I have always wondered what on earth the lion was doing. Is it sign language? Is it a mime? Was there some trendy line dance back then?
 
2012-10-26 12:51:32 PM  
This is seriously how you guys are trying to spin this bitter woman's 25 year old complaint?
He gave her 'special stock' that magically took her money?

Weak. Desperate. Sad.
 
2012-10-26 12:52:32 PM  
He may be scum, but at least he's not black.

That is the underlying theme I hear when my Romney supporting family and friends defend this dude.
 
2012-10-26 12:52:36 PM  

bdMurray: If you swindle someone out of $500 bucks, that's bad.
If you swindle someone out of $5,000 bucks, that's really bad.
If you swindle someone out pf $500,000 bucks, thats impressive. Bravo! You must get up really early in the morning!


gorillafilmmagazineblog.files.wordpress.com
/hot hot hot
 
2012-10-26 12:53:50 PM  
This is sleezy, but not unexpected. It's not shocking and it really doesn't change my opinion of the man. Already thought he was sleazy; this doesn't move that needle.
 
2012-10-26 12:54:25 PM  

madgonad: I have always wondered what on earth the lion was doing. Is it sign language? Is it a mime? Was there some trendy line dance back then?


i.imgur.com


thriller
 
2012-10-26 12:54:36 PM  

Parthenogenetic: Without knowing or reading anything about the details of this deal, I would speculate they created a share class that did not have voting rights. The valuation of the non-voting shares would be the same as standard shares, so that the soon-to-be-ex wife could be given a bloc of shares that fulfilled the terms of the divorce settlement as far as the value of the marital assets, while shielding Staples and its other shareholders from the possibility of an angry ex-wife being able to exert influence on her ex-husband's company.

When Staples went public, the special class of non-voting shares would of course be valued differently than other types of shares.

Another possibility: non-dividend yielding shares, incentivizing her to sell off her shares to cash in on them now, rather than hold on to them and cause mischief.

Or maybe the special share class was created so that the husband could discharge his obligation without having to sell his shares and incur capital gains taxes.


Wouldn't it be nice to know those details. Wonder why the Boston Globe didn't share them with us?
 
2012-10-26 12:55:03 PM  
FTFA: Romney designed this fraud from the ground up. Perfectly legal evidently. Just like the banks during the economic collapse. But putrid and rotten like a lawyer's toe fungus.

As a lawyer who just recently discovered a mild case of toenail fungus, I'm getting a kick. 

/it's odorless, though
//odorless as in it only smells like feet
 
2012-10-26 12:55:26 PM  

Parthenogenetic: Without knowing or reading anything about the details of this deal, I would speculate they created a share class that did not have voting rights. The valuation of the non-voting shares would be the same as standard shares, so that the soon-to-be-ex wife could be given a bloc of shares that fulfilled the terms of the divorce settlement as far as the value of the marital assets, while shielding Staples and its other shareholders from the possibility of an angry ex-wife being able to exert influence on her ex-husband's company.

When Staples went public, the special class of non-voting shares would of course be valued differently than other types of shares.

Another possibility: non-dividend yielding shares, incentivizing her to sell off her shares to cash in on them now, rather than hold on to them and cause mischief.

Or maybe the special share class was created so that the husband could discharge his obligation without having to sell his shares and incur capital gains taxes.


Well the fact that Romney says he did it as a favor to her soon-to-be-ex-husband leads one to assume that the stated value of the stock during the divorce proceedings was deceptively high compared to the losses his friend would take by giving it up in the proceedings.

That said, going after this divorce stuff is ridiculous; everyone already knows Romney worked for a firm that made its money creating paper losses and profits to maximize their return on investment whether it left the firms they were involved with better or worse for the experience, and he was very successful at it. This is more of the same (if true.)

Oh, and to add to the jsa pile-on: does he really want to claim what happened in Benghazi is worse than anything we could ever accuse Romney of? Is he aware that a few people have thrown around variations of the Glenn Beck joke with Romney as the target every week or two?
 
2012-10-26 12:58:44 PM  
randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true. Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.

Well don't keep us in suspense, Einstein. Spill it or STFU.
 
2012-10-26 01:00:23 PM  

Polly Ester: LarryDan43: The same guy who gives 20% of his income to his church yet claims it will have no influence on him?

I know democrats are financially illiterate, but I would expect them to at least understand what direction "influence" flows with money donations.


Yes, an organization that can demand 20% of your income clearly has no influence on you.
 
2012-10-26 01:01:02 PM  

redking194: How did this screw her over?

Sullivan screwed herself when she sold the shares before the IPO.

I imagine the special class of shares was more to keep the hell-biatch from causing trouble as a significant holder of voting shares.


THIS

Aren't you guys tired of the half-truths, weirdness, and desperation stories that always pop up in the October before elections? Yes, everyone does it, but it's still annoying. Knowing what I know about stocks and bitter divorces it sounds like what was described in this thread already.

If the ex-wife should be angry at anyone it should be herself for selling too early.

Now go back to discussing policies you may or may not agree with and you candidate of choice--leave these "stories" in the shadows where they belong.

/And yes--BO was most-likely born in America. Even if he wasn't, it's too late now. Move along to policy discussion.
 
2012-10-26 01:01:08 PM  
Women can't be trusted with *normal* stock.

/unless it's beef or chicken
 
2012-10-26 01:02:43 PM  

randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.


You're an ignorant farkwad. But you know this.
 
2012-10-26 01:04:07 PM  

madgonad: Raharu: I think Randomwharrgrable wont be back. He's take his daily threadshiat here and moved on to nap time.

When Condoleezza Rice dismantled the fake outrage pretty much everyone dropped the issue. I guess Random is even too dumb to keep up with talking points.


Well see thats his problem.

He doesn't know what the next talking point are until the office lady brings them to his and his co-workers cubes.

Or if hes shilling from home, until he get the next email.
 
2012-10-26 01:11:51 PM  

randomjsa: And Obama is worse. If every single solitary nasty thing you ever even thought about Romney is true.

Obama is worse. What we have learned in the past few days concerning Benghazi makes Romney look like a saint.


Did 3 buildings on US soil fall down?

No.

Now STFU.
 
2012-10-26 01:19:16 PM  
Did the ex or estranged wife have her own financial adviser or attorney? Was she forced to take this deal? There seems to be a lot of information missing in these stories.
 
2012-10-26 01:25:46 PM  

Munchausen's Proxy: Did the ex or estranged wife have her own financial adviser or attorney? Was she forced to take this deal? There seems to be a lot of information missing in these stories.


That's the point. They can't go into detail because the case is sealed. And there would be no way for her counsel to know that this was fake stock. Business operates on something called "good faith"
 
2012-10-26 01:26:23 PM  
gloria allred's october surprise fizzled.

give it up.

sore losers

losers being the operative word.
 
2012-10-26 01:27:28 PM  
One wonders if the posters at Daily Kos are actually financially illiterate and stupid enough to believe all this crap they post, or do they recognize that it's nonsense but are relying on the financial illiteracy and stupidity of their readers?
 
2012-10-26 01:29:52 PM  

Munchausen's Proxy: Did the ex or estranged wife have her own financial adviser or attorney? Was she forced to take this deal? There seems to be a lot of information missing in these stories.


It doesn't matter. The odds that an "undecided" voter is going to somehow be swayed by a sleazy 24-year-old legal settlement are about the same as the number of Rs in "FAT CHANCE."
 
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