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Ackman Defends JC Penney Decisions on Charlie Rose
Posted by: guruhl (IP Logged)
Date: August 14, 2013 04:28PM

Ackman defends his decisions with J.C. Penney (JCP) on a Charlie Rose interview after resigning from the company's board this week (clips from Bloomberg):




Guru Discussed: Bill Ackman: Current Portfolio, Stock Picks
Stocks Discussed: JCP,
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Re Ackman Defends JC Penney Decisions on Charlie Rose
Posted by: vgm (IP Logged)
Date: August 15, 2013 02:51AM

In interviews over the past few days, Howard Schultz of Starbucks stated that Ackman was "a destroyer of companies"; had acted in a "despicable" manner at JCP; and had "violated his fiduciary responsibility" by leaking the letter which was addressed to the board. Said he has never seen anything like it.

[www.huffingtonpost.com]



Guru Discussed: Bill Ackman: Current Portfolio, Stock Picks
Stocks Discussed: JCP,
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