think about it
Totally agree. Ulman or RJ, or whoever, those wall street people just don't ever shop at JC Penny, also don't know how tough the competition is out there.
His Hedgefund investors want's him out.
His actions in JCP is bad publicity for Pershing.
Pershing board must have told him to "MOVE ON". jmo
I see him rather take the loss and leave, so he can blame the JCP board. By doing so, he can tell his pershing investors that he tried.
Because he can't control the BOARD anymore.
JCP Board want's him out or else............
Cause he has to pay for his hlf loses