“I want to be alone,” said Greta Garbo in
the 1932 classic Grand Hotel. Now, so does Bill
Ackman.
The activist chief of Pershing Square
Capital Management, having lost his bid to gain seats on the board of Target
and battered in some corners of the press, is planning to eschew media and retreat
from the public eye. That is, until he once again needs a bully pulpit to
support his trades.
According his first quarter letter to
investors, dated June 8,...