George Says J.C. Penney Ordeal Shows Limits of Activism (Audio)
Bill George, a former CEO of Medtronic Inc. and now a director at Exxon Mobil Corp. and Goldman Sachs Group Inc., says William Ackman's sale of his stake in J.C. Penney "shows the limits" of shareholder activism. George talks with Bloomberg's Tom Keene and Sara Eisen on Bloomberg Radio's "Bloomberg Surveillance." They are joined by Leo Hindery, managing partner of InterMedia Partners LP.
Running time 04:56