1. Activist investor Bill Ackman resigns from JC Penney board

    Activist investor Bill Ackman resigns from JC Penney board

    In the company's news release, Ackman is quoted as saying, "During my time on the J. C. Penney Board of Directors , I have always advocated for what I believe to be in the best interests of the Company - its stockholders, employees and others. At this time, I ...

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    1. I have lost confidence in our chairman's ability to oversee this board.
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