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turning Zale
Corporation around. How much responsibility he bears for its deteriorating position was the subject of discussion among current and former executives, former board members, analysts and vendors. Some of these people say Zale has made mistakes trying to please Breeden, who is known for his forceful personality, such as by buying back high-priced shares and by leasing an expensive billboard at Yankee Stadium.
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governance abuses, as well as prolonged performance difficulties. For example, Mr. Breeden led the turnaround of WorldCom, Inc., and he has served as the monitor of the accounting firm KPMG in its successful recovery from criminal activities involving abusive tax shelters. Prior to forming his own firm Mr. Breeden served as chairman of the worldwide financial services practice of
Coopers & Lybrand.
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In 2006 Breeden founded
Breeden Partners, which he is chairman of, and its manager Breeden Capital Management. Breeden is the founding partner of Breeden Partners Europe, which was launched in December, 2008. Breeden Partners has affiliated entities registered in the Cayman Islands, to take advantage
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Although he had never worked in the securities industry, Mr. Breeden was appointed to lead the SEC, where he cut a colourful figure, wearing striped suspenders and driving a red
Porsche with the license plate 1RCB1. His domineering style earned him the nickname "King Richard." He exhibited a penchant
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in 2007 to 2011. He also serves as a director of Zale
Corporation and STERIS Corp. and has previously served as a director of BBVA, SA, one of the 20 largest banks in the world. Mr. Breeden has served on approximately 15 corporate or advisory boards during his career. Breeden was not successful kin
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The $ 6.1 million fine to the SEC was reduced to $ 600,000 in 2010. Mr. Breeden is one of the named parties in a $ 872 million libel suit in Canada initiated by Conrad Black after the conviction. Black won the libel suit which settled for $ 5 million, the largest defamation settlement in
Canadian
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as counsel of the special committee and chief author of its report. Black was initially convicted in
Illinois to serve 78 months in prison and pay $ 6.1 million to Hollinger and a fine of $ 125,000. Conrad Black served a total of 37 months after the US Supreme Court unanimously vacated the four
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For more than a decade prior to launching
Breeden Partners, Breeden and his consulting firm Richard C. Breeden & Co. LLC served as advisors to companies engaged in restructurings or turnarounds of distress situations. Many of these companies experienced fraud, compliance problems or serious
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Breeden began his career practicing corporate and securities law in New York City. During the administrations of
Presidents Reagan, Bush (I) and Clinton, he held a series of government posts, including assistant to the President for issue analysis under President George H. W. Bush.
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for speaking his mind, as when he told his staff that he wanted insider traders left "naked, homeless and without wheels."
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broadening the scope for permissible shareholder resolutions in areas relating to compensation and governance.
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Breeden was the oldest of three children and grew up in
Manhattan Beach, California. He graduated B.A. from
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changing the rules to allow institutional investors to discuss performance problems at companies;
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counts of the original seventeen that remained and two fraud charges were overturned by the
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in 1972 and received his J.D. from Harvard Law School in 1975. He currently lives in
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with his 2nd wife, Linda H. Breeden. Breeden is the father of five sons.
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creating the "compensation discussion and analysis" section of the proxy;
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requiring disclosure of equity grants and valuation for the first time;
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471:"H&R Block Chairman Breeden Stepping Down to Focus on Hedge Fund"
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Mr. Breeden was also highly involved with S.E.C. investigation of
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The Deal Magazine, October 24, 2008. Retrieved on July 18, 2013.
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requiring listing of the names of compensation committee members;
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changing US proxy rules to create "short slate" proxy contests;
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330:"H&R Block's Mark Ernst Quits, Breeden Named Chairman"
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David Mildenberg & Yalman Onaran (November 20, 2007).
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Breeden served as non-executive chairman of the board of
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requiring graphical presentations of share performance;
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Members of the U.S. Securities and Exchange Commission
410:"SEC Historical Summary of Chairman and Commissioners"
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From 1989 to 1993, Breeden served as Chairman of the
173:(born December 6, 1949) is a former chairman of the
433:"Hollinger Files Stinging Report on Ex-Officials"
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270:On May 15, 2019, Conrad Black was granted a full
261:The 6.5 year sentence was reduced to 42 months.
210:. During his tenure, Breeden's actions included:
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610:United States Securities and Exchange Commission
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366:"Administration Lobbies for its Savings Plan"
851:George H. W. Bush administration personnel
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431:Fabrikant, Geraldine (September 1, 2004).
512:"From Ethics Overseer to Hedge Fund Boss"
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412:. U.S. Securities and Exchange Commission
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560:Securities and Exchange Commission Chair
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493:"Perils of Investing Bite Ex-Regulator"
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392:"Perils of Investing Bite Ex-Regulator"
208:U.S. Securities and Exchange Commission
198:U.S. Securities and Exchange Commission
175:U.S. Securities and Exchange Commission
44:October 11, 1989 – May 7, 1993
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510:Browning, Lynnley (January 19, 2007).
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295:of generous offshore tax benefits.
450:Mullman, Jeremy (October 1, 2004).
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846:People from Greenwich, Connecticut
452:"Hollinger's Black: I was libeled"
364:Nathaniel C. Nash (May 10, 1989).
32:Securities and Exchange Commission
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491:Zimmerman, Ann (March 15, 2010).
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352:"The operational optimist"
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181:manager, and corporate
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309:Greenwich, Connecticut
69:David Sturtevant Ruder
545:Government offices
305:Stanford University
145:Stanford University
112:Levittown, New York
564:1989 – 1993
437:The New York Times
370:The New York Times
350:Rudnick, Michael.
171:Richard C. Breeden
152:Harvard Law School
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811:1949 births
533:Appearances
473:. Bloomberg
332:. Bloomberg
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805:Categories
477:2011-03-18
315:References
179:hedge fund
140:Alma mater
123:Republican
102:1949-12-06
751:Donaldson
676:Armstrong
265:history.
129:Spouse(s)
49:President
40:In office
761:Schapiro
721:Williams
661:McDonald
656:Hanrahan
299:Personal
183:chairman
781:Gensler
776:Clayton
736:Breeden
711:Garrett
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671:Demmler
666:D. Cook
651:Caffrey
646:Purcell
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621:Kennedy
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766:Walter
741:Levitt
681:Gadsby
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626:Landis
537:C-SPAN
272:pardon
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731:Ruder
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