Bill Ackman Bows Out, Resigns JC Penney Board

Bill Ackman Bows Out, Resigns JC Penney Board Play

Aug. 13 (Bloomberg) -- William Ackman resigned from J.C. Penney’s board after his public campaign to push out the retailer’s chairman and chief executive officer was rebuffed by his fellow directors. "Lunch Money" Host Adam Johnson reports. (Source: Bloomberg)

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