J.C. Penney CFO: Vornado's Roth gave no indication he was going to sell shares J.C. Penney (JCP) CFO Ken Hannah said he cannot speak for Steve Roth, but contended that Vornado's (VNO) sale of Penney shares may likely have been related to Roth's assumption of the CEO role at Vornado. In response to a separate question, Hannah said J.C. Penney is being "very aggressive" in response to a suit brought against it by bondholders claiming the company defaulted on obligations. Hannah made the comments at the Bank of America Consumer & Retail conference.
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