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>> JCPENNEY Latest News

MAY 15, 2013 - New York Post

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Ackman has lost sway over JCPenney board

Bill Ackman doesn’t have JCPenney’s board to boss around anymore. The New York hedge-fund tycoon — whose disastrous 2011 hire of Ron Johnson as Penney’s CEO has left the retailer in tatters — has lost his sway over the company’s board, which has instead thrown its support behind...

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