Sears Holdings Announces Change to Board of Directors

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Sears Holdings (SHLD) Slammed as Berkowitz Departure Creates Overhang

October 16, 2017 1:04 PM EDT

Shares of Sears Holdings (NASDAQ: SHLD) are under heavy pressure Monday following news this morning that Bruce Berkowitz has decided to step down from the company's board of directors, effective October 31, 2017.

Berkowitz's Fairholme Capital Management was a holder of 28.86 million shares of Sears... More