William Ackman


New Call to Replace JCPenney’s CEO

JCPenney CEO Myron "Mike" Ullman has been credited with being a stabilizing factor after the tumult of ex-CEO Ron Johnson's tenure.

Plano, TX—Just about four months after former board member and hedge fund owner William Ackman sold his stake in JCPenney after he … [Read more...]

Year in Review: Top Must-Read News from 2013

Hermes claimed victory this year in its long-running dispute with LVMH.

New York--If you had to name one subject that consistently made news throughout 2013, you would have to undoubtedly say … [Read more...]

Hedge Fund Perry Capital Cuts its Stake in JCPenney

JCPenney's flagship on 33rd Street, Manhattan

Plano, TX—One of JCPenney’s remaining largest shareholders cut its stake in the department store by half, according to a … [Read more...]

Report: JCPenney Explores Further Financing

JCPenney

Plano, TX—JCPenney reportedly is working with Goldman Sachs Group Inc. about raising additional capital, possibly seeking loans … [Read more...]

Hedge Funds Up Their Stakes in JCPenney

JCPenney

Plano, TX—Activist investor William Ackman may have washed his hands of its hedge fund’s 18% stake in JCPenney, but several other … [Read more...]

Week in Review: 10 News Must-Reads

Miley Cyrus at the VMA Awards

New York—For many, the big M this week was all about Miley Cyrus, the ex-Disney-star-turned-twerking-vamp whose antics at the VMAs … [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

JCPenney

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%

JCPenney

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

JCPenney to Allow Ackman to Sell a Majority Stake

JCPenney

Plano, TX—William Ackman, the activist board member at JCPenney whose Pershing Square Capital hedge fund is the retailer’s largest … [Read more...]

Week in Review: Must-Know News

Woman_Shoes

New York—Some Wall Street analysts referred to it as a “frat boy fight” this week when William Ackman, the hedge fund founder and … [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...]