Tampa, Fla. - The 2012 Republican National Convention released the following excerpts of business leader Tom Stemberg's prepared remarks to be delivered to the convention today, August 30.
(Logo: http://photos.prnewswire.com/prnh/20111130/DC14659LOGO)
"The truth is, Mitt was not a typical investor. He was a true partner. Where some saw an unproven new business, he saw a store that could save people money. He recognized that efficiency creates consumer value. He never looked at Staples as merely a financial investment. He saw the engine of prosperity it would become. Today Staples employs nearly 90,000 people. It has over 2000 stores. Over 50 distribution centers. It is part of a competitive industry that helps entrepreneurs and small businesses get started on their own. For me, as a founder, it was the realization of a dream."
***
"The night before we opened the first store, I asked our people to do back-to-back all-nighters. That's when I got a call from Mitt. He wanted to come over and talk with the team, spend time with them. He told me in very clear terms: this business is all about the people."
***
"But this Obama-Biden campaign... they just don't get it. They will tell you that private equity is focused only on the short-term. Tell that to the founders of Bright Horizons Day Care, a company that has transformed corporate day care. Most people didn't give the business a chance. It went for five straight years without making a profit - but Mitt and Bain Capital stood by them. Mitt and Bain Capital believed in the vision. They understood how important it was for women to join the workforce and have onsite care for their children. It was an overdue revolution in the American workplace. Today the company employs over 19,000 people."
###
Paid for by the Committee on Arrangements for the 2012 Republican National Convention
www.GOPConvention2012.com - Phone: (813) 381-5588
Not Authorized By Any Candidate or Candidate's Committee
Contact James Davis or Kyle Downey
(813) 252-5888
/PRNewswire-USNewswire -- Aug. 30, 2012/
SOURCE 2012 Republican National Convention
