|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Ackman Defends JC Penney Decisions on Charlie Rose
Posted by: Holly LaFon (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):
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.
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.