Sitt on J.C. Penney Outlook, Ackman Resignation

Sitt on J.C. Penney Outlook, Ackman Resignation Play

Aug. 13 (Bloomberg) -- Joseph Sitt, chief executive officer of Thor Equities LLC, discusses William Ackman's resignation and Ronald Tysoe's appointment to J.C Penney Co.'s board. Sitt, speaking to Betty Liu on Bloomberg Television's "In the Loop," also talks about the outlook for the company. (Source: Bloomberg)

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