November 20, 2007

H&R Block replaces CEO Ernst; Breeden is chairman (Reuters)

Mark Ernst, Chairman and CEO of H and R Block, speaks in New York, February 3, 2006. H and R Block Inc, the largest U.S. tax preparer, on Tuesday said Ernst has resigned, following mounting losses tied to subprime mortgages. (Nicholas Roberts/Reuters)Reuters – H&R Block Inc replaced Chairman and
Chief Executive Mark Ernst on Tuesday following mounting
subprime mortgage losses and criticism that the largest U.S.
tax preparer had strayed far beyond its roots.

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