Bill Ackman's intentions were good—that much members of the retail community agree on. But it doesn’t sound like anyone in the industry is going to shed tears over the supposed end to Ackman’s retail career. In his second quarter letter to shareholders, published this August, the head of Pershing Square Management referred to his involvement with the Borders Group, Target and J.C. Penney as “failures,” adding that “retail has not been our strong ...
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