Ackman retreats from media spotlight

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“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, Ackman said “you should expect that we will do our best to fade into the sunset as far as the media is concerned until such time as