William Ackman is a hedge fund manager who owned a large share of J. C. Penney stock. He was also a member of the J. C. Penney board. He tried to get the CEO fired, but the board and top management said he breached his boardroom duties when he publicly disclosed information about the CEO search and financial condition of the company. He resigned from the board of directors. This is an example of a contentious relationship between

A) the capital market stakeholders and the organizational stakeholders.

Explanation:

Organizational stakeholders are individuals or organizations that are directly affected by the corporation's actions and performance, e.g. creditors, board members, employees, labor unions, etc.

Capital market stakeholders are individuals or organizations that affect the availability of capital and equity, e.g. venture capitalists, financial intermediaries and shareholders, etc.

William Ackman is a capital market stakeholder while the board and upper management or JC Penny are part of the organizational stakeholders.

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