Bruce Berkowitz has reportedly 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. 

Edited by: Hung Tran


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