CEO Gaffe of the Week: H&R Block, Inc. (HRB), Intuit Inc. (INTU), Blucora Inc (BCOR)

Page 2 of 2

To the corner, Mr. Cobb
But wait – there’s more!

In addition to screwing up on practically the only thing consumers count on you for — properly designed tax preparation software — H&R Block had just the previous day in a press release via newswire touted the value of its tax professionals as compared to TurboTax, which it has filed a suit against for unlawful use and misrepresentation of the H&R Block, Inc. (NYSE:HRB) brand name in its advertising. The whole purpose of its suit (and the press release) is to continue to tout the value of its bricks-and-mortar professionals and play up the mistakes TurboTax users make. Ironic, given that H&R Block’s software just delayed 660,000 filings by anywhere from another two to six weeks.

So let’s review: Do I think H&R Block, Inc. (NYSE:HRB)’s DIY tax prep software is going to gain ground on TurboTax or TaxAct this year? Uhhhhh, no. Did H&R Block blow yet another opportunity to outshine TurboTax in a transitional tax year when taxpayers are looking for help more than ever? You bet. Will I ever miss a chance again to poke fun at H&R Block’s errors? You bet I won’t.

Do you have a CEO you’d like to nominate for this dubious honor? Shoot me an email and a one- or two-sentence description of why your choice deserves next week’s nomination, and you just may see your suggestion in the spotlight.

The article CEO Gaffe of the Week: H&R Block originally appeared on Fool.com and is written by Sean Williams.

Fool contributor Sean Williams has no material interest in any companies mentioned in this article. He is merciless when it comes to poking fun at dubious CEO antics. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool recommends and owns shares of Intuit.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Page 2 of 2