Accountant supermarket manager is it safe to take 800mg of ibuprofen every 4 hours What Ackman did at Penney, though, was much more dramatic than most activist efforts. Instead of simply focussing on financial engineering, he set out to remake the entire business, giving it a new strategic direction, revamping its stores, and changing its customer base. Ackman’s vision for the company, as laid out in a presentation he gave at Ira Sohn’s Value Investing conference in May, 2012, required what he termed “an extreme makeover.” Some specifics of the turnaround effort may have been devised by Johnson once he took over as C.E.O., but the push for a wholesale transformation was Ackman’s from the start. (That 2012 presentation was tellingly titled “Think Big.”)
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