By  on October 16, 2017

One of Sears Holdings Corp.’s biggest and longest-term shareholders is leaving his position as an independent board member and Wall Street isn’t pleased.

Bruce Berkowitz will be leaving the Sears board at the end of the month after nearly two years. He founded Fairholme Capital Management LLC, which is the retailer’s second-largest shareholder and made its first investment in Sears about a decade ago.

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