By and and  on April 10, 2013

William Ackman is sticking by J.C. Penney Co. Inc. — which might help buy some time for the new chief executive, Myron “Mike” Ullman 3rd, who is seen as having just a few months to stanch the bleeding at the company.

“We’re not going anywhere,” Ackman told WWD in his first public comments on the retailer since Ron Johnson was ousted as chief executive officer Monday. “In fact, we’re going the other direction. We’re digging in.”

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