Attached files
file | filename |
---|---|
8-K - FORM 8-K - ST JOE Co | b85418e8vk.htm |
EX-4.1 - EX-4.1 - ST JOE Co | b85418exv4w1.htm |
EX-3.1 - EX-3.1 - ST JOE Co | b85418exv3w1.htm |
Exhibit 99.1
Associates of St. Joe:
These past months have not been easy especially, for you and your
families.
Your new Board understands this and our responsibilities to all
stakeholders of Joe. We are already working hard for a better future.
Charlie Fernandez and I have traveled the globe twice in the past few
months discussing all of the possibilities at Joe with top-class
organizations.
We have asked leaders from all over the world to see the opportunities
for themselves...and theyre coming.
St. Joe is a national treasure, capable of developing world-class
communities for work and play. We will not waste these opportunities.
Today starts a new Board with fresh eyes and ears. Your
new Board with experience that will benefit Joe.
Governor Charlie Crist brings to Joe his fight for the people of Florida
and, in particular, this very special part of our State.
Howard Frank, the Vice Chairman and Chief Operating Officer of Carnival
Corp., brings to Joe decades of business success.
Charlie Fernandez and I bring Fairholmes shareholders, clients and
potential partners for win-win solutions.
We are moving fast to create a new vision, a meritocracy where you are
paid for performance, no matter your position. We will build a company
with no ceilings.
However, I will not sugar coat the current situation. St. Joe is losing
money, selling valuable assets to cover losses and is under attack.
We cannot continue on this course for long or there will be no Joe.
Starting today, we will not continue down this road.
St. Joe will have the capital it needs, will build
on what you have already done and will quickly move forward.
Joe will become a model of what can be.
My personal commitment to you is to take whatever steps are needed to make Joe successful.
I know change is painful, but the seeds of greatness are planted during
tough times.
Hang in there!
Bruce