He is staying because the board says they like his performance. It was Ackman who wanted to toss Ullman out and got into a fight with the board about this, so he left. Of course he is going to talk JCP down after he leaves and sells his holdings.
I just put a buy in because I think it will go up after the holidays, during spring and summer months too. Ullman has brought back the brands people liked and dumped Martha Stewart. Do you really care what brand of towel you dry yourself with?