Myron "Mike" Ullman

JCPenney’s Shares Rebound on Positive Turnaround Comments

JCPenney storefront

Plano, TX—After its shares fell below $10 for the first time since 2000, JCPenney today saw a rebound after it indicated it … [Read more...]

After Selling Majority Stake, William Ackman Finally Departs JCPenney

William Ackman, hedge fund manager and the founder of Pershing Square Capital, JCPenney's largest shareholder

New York—After a controversial and often contentious tenure as JCPenney’s largest shareholder and member of its board of … [Read more...]

JCPenney Adopts “Poison Pill” Plan


Plano, TX—In an effort to stem any possible hostile takeover attempt should its major stakeholder, William Ackman of Pershing … [Read more...]

JCPenney Q2 Loss Nearly $600 Million, Sales Down 12%


Plano, TX—No one was expecting good news at JCPenney’s second quarter report released today, but the struggling department store … [Read more...]

The Controversial William Ackman Leaves JCPenney’s Board

Bill Ackman

Plano, TX—In an effort to calm the riff that erupted publicly among JCPenney’s board of directors, William Ackman, the activist … [Read more...]

Battle Lines Between JCPenney Board, William Ackman Growing

William Ackman, hedge fund manager and the founder of Pershing Square Capital, JCPenney's largest shareholder

Plano, TX—Ahead of JCPenney’s second quarter earnings report scheduled for next week, the latest news about the retailer centers … [Read more...]

JCPenney’s Largest Shareholder and Board in a Public Spat

William Ackman, founder/ceo of Pershing Square Capital, the hedge fund that is JCPenney's largest shareholder.

Plano, TX—In fighting among JCPenney’s board of directors heated up today with William Ackman, whose Pershing Square Capital is … [Read more...]

JCPenney Steps Up Search for Permanent CEO?


Plano, TX—After seeing its shares plummet on Wednesday to their lowest in more than 12 years, JCPenney saw its shares jump nearly … [Read more...]

JCPenney Again Denies Rumors as Shares Take a Hit


Plano, TX—Shares of JCPenney took another beating today as the beleaguered department store once again had to quash rumors that it … [Read more...]

JCPenney Taps Top Kraft Executive to Be Marketing Chief


Plano, TX—JCPenney today filled a longstanding vacancy on its top executive list. Confirming rumors, the department store named … [Read more...]

Another Vestige of Johnson-Era JCPenney Ends


Plano, TX—Another top executive brought into JCPenney during the tenure of ousted CEO Ron Johnson has left. What’s more, her … [Read more...]

JCPenney Reinstates Dress Code for Associates


Plano, TX—Myron “Mike” Ullman, the interim chief executive who returned to steer JCPenney after the disastrous tenure of Ron … [Read more...]