Dan Loeb is Taunting Bill Ackman... Again
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Ackman Willing to Wait on J.C. Penney (JCP) Management Change
August 12, 2013 4:45 PM EDTAmid mounting criticism, hedge fund manager Bill Ackman is giving up his demand to replace J.C. Penney (NYSE: JCP) CEO Mike Ullman within the next 30-45 days, according to reports in the NY Post, citing sources. The report claims Ackman is... More
Soros,Glenview said to support J.C. Penney (JCP) in Ackman feud - Bloomberg
August 12, 2013 3:23 PM EDTSoros and Glenview said to support J.C. Penney Co., Inc. (NYSE: JCP) in Ackman feud, according to Bloomberg headlines.... More
J. C. Penney (JCP) Chair Engibous Issues Response to Ackman; Calls Allegations 'Inaccurate'
August 9, 2013 1:31 PM EDTThomas Engibous, Chairman of the Board of Directors of J. C. Penney Company, Inc. (NYSE: JCP), today issued the following statement:
"The Board is focused on the important work of stabilizing and rejuvenating the business. It is following proper governance procedures,... More
Pershing Square's Open Letter to J. C. Penney (JCP) Board
August 9, 2013 10:31 AM EDTPershing Square Capital Management today released the following open letter to the Board of Directors of J.C. Penney:
To My Fellow Directors:
I think JC Penney is at a very critical stage in its history and its very existence is at risk. During a period like this one, it is absolutely critical that we work together to solve our problems. It is essential that our board function extremely effectively or we will certainly fail. In my history as a board member of many public companies over the last 15 years, I have never before... More
Pershing Square's Ackman Thinks JCPenney (JCP) Would Benefit with Questrom; Board has 'Ceased to Function'
August 9, 2013 10:13 AM EDTPershing Square's Bill Ackman sent comments on JCPenney (NYSE: JCP) in an email to Bloomberg Friday. The following are some of the highlights, not necessarily verbatim:He believes Questrom would join JCPenney under the right conditions and it would benefit JCPenney... More
J. C. Penney (JCP) Chairman Engibous Issues Statement; Says Board Disagrees with Ackman
August 8, 2013 5:02 PM EDTThomas Engibous, Chairman of the Board of Directors of J. C. Penney Company, Inc. (NYSE: JCP), today responded to the public disclosure of a letter to the Board of Directors from William Ackman, head of the investment firm Pershing Square Capital Management, L.P. and a J. C. Penney director.
On behalf of the Board of Directors, Mr. Engibous said, "The Company has made significant progress since Myron E. (Mike) Ullman, III returned as CEO four months ago, under unusually difficult circumstances. Since then, Mike... More
J.C. Penney (JCP) Spikes then Flatlines as Questions Remain
August 8, 2013 1:25 PM EDTAfter spiking higher, shares of J.C. Penney Co., Inc. (NYSE: JCP) are moving sideways to down as some are viewing the new CEO reports as not "new" news. In addition, Allen Questrom position on coming back as Chairman appears the same. He... More
J.C. Penney (JCP) Seeks New CEO, Shares Jump
August 8, 2013 11:58 AM EDT(Updated - August 8, 2013 12:04 PM EDT)
J.C. Penney Co., Inc. (NYSE: JCP) is seeing upside on reports from CNBC the company is seeking a new CEO to replace intrim CEO Mike Ullman.
According to a letter from Bill... More
'Uncle Carl' Has a New Job According to Dan Loeb - (HLF)
July 23, 2013 10:06 AM EDTHerbalife (NYSE: HLF) continues higher as the 'daughter of all short squeezes'... More
