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Why Ackman stepped down from JCP

Tuesday, 13 Aug 2013 | 7:42 AM ET

In an exclusive interview with CNBC's Andrew Ross Sorkin, activist investor and former JC Penney board member Bill Ackman says he left the company so the board could focus on the business without distraction. Andy Serwer, Fortune and John Taylor, FX Concepts, weigh in.