SURVEY: What Do You Think Of J.C. Penney After Ackman?

Bill Ackman has left the board of directors of J.C. Penney JCP in rather theatrical style.

In a release issued early Tuesday morning, the board of directors announced the resignation of Ackman and the addition of Ronald Tysoe to the board.

More Questions

The move has created more questions despite answering many. The departure of Ackman from the board almost ensures that Mike Ullman will remain as CEO for the foreseeable future and that Thomas Engibous will remain the Chairman.

However, Ackman's 17.7 percent stake in the retailer is a massive question mark. What will become of his stake? If and when will he sell it and at what price?

There are a few scenarios that are plausible for his stake, including:

• Sell the stock to another institution through a dark pool, keeping the shares from reaching the market.

Have Your Say!!

Have your say on the stock here and let us know what you think!!