Starbucks CEO Howard Shultz ripped into Bill Ackman over the activist investor's aggressive letters to JCPenney's board on CNBC's "The Closing Bell" with Maria Bartiromo. Ackman's letters are calling for a new CEO within the next 30 to 45 to replace interim CEO Mike Ullman, who returned after Ron Johnson stepped down. The activist investor also wants the board's chairman Tom Engibous replaced with Allen Questrom. Here's what we've transcribed part of Shultz's interview with CNBC's Maria Bartirom...
STARBUCKS CEO: Bill Ackman 'Ruined The Lives Of Thousands Of JCPenney Employees'
Business Insider - 10 Aug 2013 01:01
Starbucks CEO Howard Shultz ripped into Bill Ackman over the activist investor's aggressive letters to JCPenney's board on CNBC's "The Closing Bell" with Maria Bartiromo. Ackman's letters are calling for a new CEO within the next 30 to 45 to replace interim CEO Mike Ullman, who returned after Ron Johnson stepped down. The activist investor also wants the board's chairman Tom Engibous replaced with Allen Questrom. Here's what we've transcribed part of Shultz's interview with CNBC's Maria Bartirom...
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