By and  on August 8, 2013

J.C. Penney, already in a battle for survival, now has internecine warfare on its hands.

Chairman Thomas Engibous has taken odds with William Ackman, the activist shareholder and vociferous member of Penney’s board, who on Thursday morning issued a letter to the media complaining that Penney’s hasn’t acted fast enough to replace interim chief executive officer Myron “Mike” Ullman. Ackman claimed that former Penney’s chairman and ceo Allen Questrom is ready to return as chairman provided he approves of the ceo.

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