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Filing reveals cost of CEO change at H&R Block, extraordinarily high CEO-to-median employee pay ratio

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H&R Block Inc. filed a report Wednesday with the Securities and Exchange Commission outlining the cost of hiring of current CEO Jeff Jones and the retirement of former CEO Bill Cobb. The Kansas City-based tax preparer (NYSE: HRB) paid Jones $11.2 million during its fiscal year 2018, which ended April 30. Cobb was paid $595,470 in fiscal year 2018, including $342,335 cash. H&R Block reported that the total annual compensation for its median employee is $16,319. The company noted that a vast majority…

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