By  on October 11, 2010

If you Google the term “activist investor,” you’re likely to see a photo of Bill Ackman, the floppy-haired, 44-year-old hedge fund whiz.

The boyish-looking, soft-spoken Ackman has been in and out of the spotlight over the past two decades, and prior to news of his most recent investment in J.C. Penney Co. Inc., was perhaps best known for his failed attempt to redirect Target Corp.’s board and company structure.

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