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Published: Friday, 11/23/2007

Breeden named new H&R Block chairman


NEW YORK - H&R Block Inc., the largest U.S. tax preparer, said this week that Chairman and Chief Executive Mark Ernst had resigned, following mounting losses tied to subprime mortgages.

Richard Breeden, a former U.S. Securities and Exchange Commission chairman, was named chairman. Mr. Breeden, now an activist investor, joined H&R Block's board earlier this year after a proxy fight.

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