Ackman gone, but J.C. Penney's problems remain

Associated Press
Ackman gone, but J.C. Penney's problems remain

FILE - This Feb. 6, 2012 file photo shows William Ackman of Pershing Square Capital Management in Toronto. Ackman has resigned from J.C. Penney Co.’s board as part of a deal to resolve an unusually public battle between the activist investor and the struggling department store operator. J.C. Penney’s rose in premarket trading Tuesday, Aug. 13, 2013. (AP Photo/The Canadian Press, Pawel Dwulit, File)

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