Mighty Financier Ackman Defers to Mother-in-Law, Lists Majestic Co-op for $10 M.; Wanted $12 M.

William A. Ackman, a handsome 42-year-old with a multibillion-dollar hedge fund, is the type of gigantic, sharp, loquacious corporate raider (or activist investor) who can sit across from Nobel winner Joseph Stiglitz on The Charlie Rose Show and make him look unexceptional by comparison. He took on Wendy’s and McDonald’s; survived a Spitzer investigation into his criticism of the giant bond insurer MBIA (which ended up with S.E.C. fraud charges); and he wants to...

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