Just before Bill Ackman engaged with Carl Icahn in the financial media equivalent of the Thrilla...

|By:, SA News Editor

Just before Bill Ackman engaged with Carl Icahn in the financial media equivalent of the Thrilla in Manilla, the investor had something to say about J.C. Penney (JCP -0.2%). Ackman expressed confidence in the leadership of CEO Ron Johnson, but gave up a little ground by conceding if the exec doesn't turn things around in another two years then he's probably the "wrong guy" for the top job at the retailer.