Should Investors Applaud Ackman Appointment to J. C. Penney Board?
J.C. Penney’s announcement that it has given a Board seat to Pershing Square’s Bill Ackman and Steven Roth, board chairman of Vornado Realty Trust, should be greeted with mixed emotions among the retailer’s shareholders, if history is any indication.
Stephen Taub
January 24, 2011