Bill Ackman: Johnson’s JCP tenure 'Very Close to a Disaster' [VIDEO]

Bill Ackman tells Impact Players host Robert Wolf that CEO Ron Johnson’s tenure at JCPenney is “something very close to a disaster.”  The comments were made by the hedge fund manager at a conference in Boston today. Bill Ackman called JCP the biggest risk in my portfolio. Ackman says that if you can turn a retailer around it is one of the best businesses to be in.