Born in 1949, Mr. Richard C. Breeden, or Dick Breeden was appointed to act as corporate monitor of WorldCom, Inc., overseeing the case involving the largest corporate fraud and bankruptcy in the history of the U.S. on behalf of the U.S. District Court. A resident of Connecticut, he is married and has three sons. As far as party affiliation goes, Mr. Breeden is a Republican. He did his BA from Stanford University in 1972 and earned his JD from Harvard Law School in 1975. Know for his ability to take complex subjects and make them understandable, Mr. Breeden is also an expert on corporate governance and restoring investor confidence.

Mr. Breeden has been in charge of supervising efforts to make sure that fraudulent activities, self-dealing and financial malpractice at WorldCom come to a halt. He has also been responsible for recommending fresh methods of corporate governance and compensation. He reportedly was getting $800 per hour to help straighten out WorldCom and his firm was billing WorldCom at least $300,000 per month. Of late, he has been asked to act in a similar capacity at Hollinger and Fannie Mae. During the regimes of Presidents Reagan, Bush and Clinton, he held a series of government positions that finally culminated in his posting as chairman of the US Securities and Exchange Commission (SEC) from 1989 to 1993. As chairman of the SEC, Mr. Breeden played a key role in defining disclosure, accounting and corporate governance requirements under the U.S. securities laws. During his tenure, he initiated the last major overhaul of U.S. proxy rules. Under his chairmanship, the SEC brought over 1,200 enforcement actions that involved false or misleading financial statements, insider trading and other violations of law. Before joining government, he practiced law in New York, 1976-81. And after he left government, he served as the chairman of Coopers & Lybrand, a finance company, 1993-96. He also managed a consulting firm, Richard C. Breeden & Co., since 1996.