Ex-SEC chief Breeden blames boards for spate of private-equity buyouts

Ex-SEC chief Breeden blames boards for spate of private-equity buyouts

Richard C. Breeden, the former Securities and Exchange Commission chairman turned activist investor, late last month charged that ineffective corporate boards were partly to blame for the continuing blitz of private-equity deals affecting foodservice and other industries.

While not specifically addressing his own boardroom battle with Applebee’s International Inc., Breeden said during a speech at an annual Tulane Corporate Law Inst

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