Ackman retreats from media spotlight

Fri Jun 12, 2009

"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,...

ISSN: 2151-1845 / CDC10004H

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