Ben Strubel submits:

About H&R Block

H&R Block (HRB) is the largest tax preparer in the United States and prepares roughly one out of every seven tax returns filed. The company was founded in 1955 and has prepared 550 million tax returns since then. The company also offers consulting and accounting services through a small subsidiary, RSM McGladrey.

Over the past few years, HRB saw its share of the tax return market shrink. It moved into the mortgage and financial planning and investment products markets. Both moves turned out to be disastrous, with HRB getting caught in the subprime mess and selling its mortgage unit. The financial planning business also ended poorly with a flurry of lawsuits and the business being sold to Ameriprise. In 2007 after a proxy battle by Richard C. Breeden, a hedge fund manager and former SEC chairman, the previous CEO resigned. Former McDonald’s executive Russell P. Smyth was

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