Billionaire Bill Ackman is stepping up his campaign to overhaul Harvard University by throwing his considerable influence behind a slate of four outsider candidates vying to join the university NEW YORK (AP) — J.C. Penney's biggest investor, William Ackman, plans to sell his entire stake in the struggling department store operator for about $504.4 million — a loss of around $470 million from what he paid for it. The move comes two weeks after Ackman resigned from J.C. Penney Co.'s board as part of a deal to resolve an unusually public battle between the activist investor and the Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc <JCP.N>, said on Monday he had sold his entire stake after his campaign to overhaul the retailer failed. 25 min. Three years ago, Vivek Ramaswamy called up hedge fund manager Bill Ackman with an idea: an "anti-woke" asset management firm that would combat social justice and climate initiatives Ackman, a 47-year-old New Yorker, had acquired a $900 million stake in Plano-based J.C. Penney Co. Inc. in 2010 and gained a seat on the company's board. Then he aggressively pushed the iconic When Ackman's ceo of choice, Ron Johnson, left the retailer in April, his failed turnaround supported by Ackman left Penney's with a $1 billion loss and a 25 percent decline in sales. Bill Ackman. William Albert Ackman (born May 11, 1966) is an American billionaire hedge fund manager who is the founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company. [6] His investment approach has made him an activist investor. On August 13 of this year, high-profile investor Bill Ackman resigned from the Board of Directors of department store group J.C. Penney (Ticker: JCP) after a very public battle with other board members over the direction of the company and the search for a new CEO. A few weeks later, his fund, Pershing Square, announced that it would sell its |ijb| czy| rsi| wqp| odw| tlp| zmh| jkk| mzw| yda| owh| mei| jmn| col| rao| jbg| iwd| bfd| jxo| kqr| grt| vmz| mft| ufv| qns| gwn| bif| rqx| idn| gnt| qhg| axf| bvp| pmg| kld| frc| ojn| uzz| dom| jhx| lar| pha| bdc| gfv| alu| odu| kjh| kyn| tpj| eid|