resigned from the board of St. Joe Co yesterday, just weeks after joining it, according to Reuters. Berkowitz is currently the company's largest shareholder.
Berkowitz and Charles Fernandez
, president and portfolio manager at Fairholme Capital Management [see profile]
, also withdrew their names to be considered for election at the company's annual shareholder meeting, according to a regulatory filing
"We will not stand for re-election except as part of a Board where a majority of the directors are committed to shareholder value, pay for performance, and effective corporate governance," the pair said in the filing.
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