Spencer Stuart to Lead Board Search for Fairholme Fund

February 16, 2011 – Executive search firm Spencer Stuart has been selected by The Fairholme Fund to lead in a search for a new director to sit on its board. In a statement released by the company: “Spencer Stuart will oversee a process in which all shareholders can suggest director candidates, and in a few days will be establishing a web site, takebackjoe.com, to help facilitate the process. Spencer Stuart will review shareholder suggestions and make a recommendation to us for the best board of directors that reflects shareholder views.” Spencer Stuart is an executive search firm with 51 offices in 27 countries.