St Joe’s shareholder quits board

Comments (0) | 15 Feb 2011 | Rating | Print by Brad Allen

Fairholme Capital Management executives resign following disagreement over corporate governance, executive pay and board make-up

No kisses were being tossed on Valentine’s Day at St Joe Company as a dispute over board governance, management compensation and a possible battle for control broke into the open in the battered Florida real estate market.

Bruce Berkowitz and Charles Fernandez, executives of the $20 bn Miami-based Fairholme ...

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