February 9, 2011

J. C. Penney Co. announced Wednesday that its board of directors has elected William A. Ackman, founder and CEO of Pershing Square Capital Management, and Steven Roth, chairman of the board of Vornado Realty Trust, as directors.

October 12, 2010

A Wednesday report by Women’s Wear Daily said that J.C. Penney has hired Goldman Sachs...