Richard Breeden's foothold in Zale Corp. increased again on Thursday when he and his business partner were appointed to the company's board of directors. Zale announced the appointment of Breeden and another new member, James M. Cotter, on Friday. The appointments increased the size of the Zale board from six to eight members.

Breeden, the former chairman of the U.S. Securities and Exchange Commission (SEC), has been buying up shares of Zale stock through his company, Breeden Capital Management LLC, since September.

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