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Liberty Tax Founder Interested in Block

Tuesday, Jul 20 2010
News
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John HewittJohn Hewitt, CEO of Liberty Tax and founder of Jackson Hewitt, would like to arrange a deal that would bring him to a leadership position in H&R Block, which is in management turmoil. That was the picture painted this week by a story from the Associated Press. Liberty Tax itself did not issue a formal statement.

According to the reports, Hewitt is trying to contact Thomas Bloch, son of H&R Block founder Henry Bloch and himself a former CEO of the nation's largest tax preparation chain. Thomas Bloch wrote in a strongly worded letter this week that he would not seek re-election as a director because of differences with the company's chairman Richard Breeden and his strongly attacked H&R Block's pricing. That follows the abrupt resignation of CEO Russ Smyth last week.

According to the AP story, Hewitt says he has no backers to do a deal with the substantially large tax preparation chain. There are also no filings with the SEC to show any formal approach to H&R Block.

 

 

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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