St. Joe Ceo Resigns; Win for Fairholme's Berkowitz

Summary


EDITOR'S NOTE: This story has been updated throughout.

NEW YORK (Reuters) - Mutual fund manager Bruce Berkowitz got a big victory in his quest to shake up money-losing Florida landowner St Joe Co., winning the resignation of its chief executive and gaining a majority on its board of directors.

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St. Joe Ceo Resigns; Win for Fairholme's Berkowitz

Chief Executive Britt Greene is stepping down this week "in light of the feedback the board of directors has received," St. Joe Chairman Hugh Durden said in a statement.

Mr. B...

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