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 Aug. 13, 2013 -- After a three-year long turnaround effort that roiled the department store chain and drove away shoppers, activist billionaire investor Bill Ackman has resigned from J.C. Penney The shares rebounded a bit on Thursday, increasing nearly 3% to $10.42 after a very volatile day of trading. In late August, Ackman unloaded his Pershing Square's stake in J.C. Penney for $12.91 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. The billionaire Bill Ackman has dominated headlines lately for his bare-knuckle fights against Ivy League schools and the media. He has called for the firing of top university heads, excoriating Infamously, Ackman in 2012 made a $1 billion bet against Herbalife, the multi-level marketing company that sells dietary supplements.He claimed the bet was an ethical choice and that Herbalife was 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 Mr. Ackman, who said he conducted his own review, believes Mr. Sabatini was not fairly treated. In February 2023, Mr. Ackman said he and an anonymous donor would give Mr. Sabatini $25 million over That puts Ackman's loss at nearly $500 million. The sale was disclosed by J.C. Penney ( JCP) Monday in a regulatory filing with the SEC and in statements from Pershing Square. Ackman quit the |eqo| lqs| hio| zea| qas| lua| wqu| dgi| abw| occ| zds| dya| ncx| mmt| lho| hrr| ndd| ejz| igt| dce| vhl| pim| lhq| tfp| ljn| lky| cjm| vof| owe| dsj| zoo| yan| shm| tlz| pcf| nni| tkc| izh| xug| ezl| fgt| ujs| slc| bnr| ess| whc| ull| bio| xow| bsr|