The funny thing about Q comments is his concern for the employees yet when he was CEO that is how he turned the company around is by cutting staffing and positions. His concern is only about the money he is loosing on the stock he still holds in JCP. Q was not as flamboyant as RJ but he wasn't any better CEO either.
According to a filing with the Securities and Exchange Commission, Vornado sold the shares Monday to Deutsche Bank in a block trade at a price of $16.03 a share. As of Tuesday, Vornado owns 13.4 million shares in J.C. Penney, an approximate 6.1% stake. Vornado said it will not sell additional shares before March 11, according to the filing.
J.C. Penney shares tumbled 11% to $14.96 in regular-session trading Tuesday. The stock has fallen 61% over the past 12 months.