Tuesday, October 17, 2017

One of Sears' biggest investors quits struggling retailer's board

Image result for searsOne of the largest investors in Sears Holdings is stepping down from the struggling retailer’s board at the end of the month, the company announced Monday.

Bruce Berkowitz, a member of the board since February 2016, is chief investment officer of Fairholme Capital Management, which holds about a 25 percent stake in Sears, according to Securities and Exchange Commission filings.. . . more

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