Ackman moves to oust JCPenney CEO Ullman

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JC Penny’s biggest shareholder — who has been locked in a bitter power struggle with CEO Mike Ullman — has moved to oust his adversary, demanding that Ullman be replaced within 30 to 45 days, sources said.

Bill Ackman is grabbing for the reins at JCPenney again.
The retailer’s biggest… …read more
Source: NY Post

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