Ex-SEC head turns hedge fund activist By Riva Froymovich December 12, 2006
A hedge fund under of the leadership of former Securities and Exchange Commission chairman Richard C. Breeden yesterday announced that it will nominate four new directors at the annual board meeting for restaurant chain Applebee's International, its largest holding, according to published reports.
Breeden Capital Management, which owns 5.25% of the chain, wants to put pressure on Applebee's to improve performance, reports said.
Because Applebee's has a staggered board, four out of 12 seats are up for election, reports said.
Breeden's nominations oppose incumbents like Lloyd L. Hill, the Applebee's chairman, reports said.
They include Mr. Breeden himself, as well as Steven J. Quamme, a hedge fund partner; Raymond G. H. Seitz, a former U.S. ambassador to Britain who is now chairman of Sun-Times Media (formerly Hollinger International, where Mr. Breeden was a consultant); and Laurence E. Harris, a Washington lawyer who served as a director of MCI (formerly WorldCom, for which Mr. Breeden served as a court-appointed monitor), according to The New York Times.
Mr. Breeden served as SEC chairman from 1989 to 1993, appointed by President George H. W. Bush.
johmond: So proboards wants a contribution now, how about they put back 1MM's......
Feb 24, 2021 18:00:23 GMT -4
mayz: Still here and keeping the faith.
Feb 24, 2021 18:35:01 GMT -4
Jed: Did you ALL know that Proboards was collecting and selling our personal information all these years??? Scroll to the very bottom of the donation page www.proboards.com/contribute See where it says “Do Not Sell My Personal Information"
Feb 24, 2021 20:16:41 GMT -4
narvo: Wondering if anyone here ever knew the shareholder last name Ehmann from the desert area of California? He was a good man and he liked fell off the face of the Earth. I am sensing a bad feeling. He held many shares. Thx, Narvo
Feb 25, 2021 0:20:13 GMT -4
bbildman: 2 Covid Moderna vaccine shot done, nd I am still alive
Feb 25, 2021 16:14:52 GMT -4
narvo: Another link with CMKX in it.QFS Schedule: According to Military Intel Contact Tier 4B should be notified to set redemption/ exchange appointments on Mon. 1 March or Tues. 2 March,though it may happen sooner.QuantumFinancialSystem anonup.com/thread
Feb 28, 2021 0:02:28 GMT -4