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J. C. Penney Company, Inc. Message Board

  • jcpenneyman85 jcpenneyman85 Aug 9, 2013 11:09 PM Flag

    Ackman Has Our Support, Ullman and Chairman Must Go

    Read Ackman's 2nd letter, it will absolutely blow you away as to what is going on in and around Plano. Now we know that some of the decisions of late being made have been by Mr. Ullman. Cutting access to financial info to our biggest partner. Hiring a cheese head to our top marketing position. Terminating board advisors without the boards notice.

    It is time for Mike Ullman to step down. Under his leadership 2004-2011 our company loss ground and allowed an upstart beat us at our own game. He has cheapened us. No one had confidence in him. The financial community upon his rehire sent the stock downward. There is no future doing business , running coupons one right after another and expecting to make a profit. We're not built like Kohl's. The vast majority of our stores are in malls with a higher cost structure that off mall Kohl stores. We can't compete.

    Ullman get out and let us figure out how to do business another way.

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