Activist investor William Ackman is no longer on the outside at J.C. Penney Co. Inc.
Penney’s said Ackman, chief executive officer of Pershing Square Capital Management, and Steven Roth, chairman of Vornado Realty Trust, will be joining its board in time for the Feb. 22 meeting, when directors will perform their annual review of the company’s capital structure. Ackman also won the right to nominate one more director, expanding the company’s board to 14.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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