Salesforce Drama
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Salesforce escaped from the jaws of activists to find stability in 2023
Salesforce started the year with an unusual level of turbulence, but after escaping activist investors, it ended up having a good year.
As Elliott withdraws Salesforce board nominations, activist pressure could be easing
When Elliott announced it was withdrawing its slate of Salesforce board candidates, it seems that some activist pressure had been lifted.
On Friday, Bloomberg reported that more layoffs could be on the way at Salesforce, quoting chief operating officer Brian Millham, who indicated that the company could be adding to the…
Activist investor Elliott ditches director nomination plans for Salesforce
Activist investor Elliott Investment Management won’t be proceeding with plans to nominate directors to Salesforce’s board.
The long goodbye at Salesforce continues with more layoffs reported today
It would be easy to think that when Salesforce announced that it was laying off 10% of the workforce in January that it would let those folks know, and it…
Will one good quarter appease the activist investors dogging Salesforce?
After Salesforce delivered a stellar quarter, will it help get rid of the bevy of activist investors dogging the company?
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Salesforce strikes back
It would be an understatement to say that Salesforce has been having a rough ride of late — from activist pressure to executive departures and layoffs — it seems like everyone was piling onto a company that was already struggling as profits declined. It needed a strong quarter, and all…
Elliott has nominated its own slate of candidates for Salesforce board
Elliott Management, one of five activist investors working inside of Salesforce, has nominated a slate of candidates to the Salesforce board of directors. This move, which was confirmed by sources…
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With 5 activists in the mix, Salesforce will report earnings Wednesday
When Salesforce reports earnings on Wednesday, it could be a critical report for the company with five activist investors circling.
Salesforce yields to activist pressure with harsh new policies for engineers, salespeople
Salesforce is looking at new ways to cut costs as activist investors continue to put pressure on the company. Today, Insider was reporting that the company is implementing much stricter…
Can 4 activist investors play nice in the Salesforce sandbox?
What do the investors want from Salesforce, which is hardly in full distress? Sure, the stock is down, but it raked in $8 billion last quarter. That could be why…
Some Salesforce employees just found out they’re part of the 10% layoff announced last month
When Salesforce announced it was laying off 10% of its workforce last month, you might have assumed that meant that everyone who was affected was informed at that time. With…
Board changes could signal Salesforce’s willingness to appease activist investors
A week ago activist investor Elliott Management announced it had made a multibillion-dollar investment in Salesforce. By Friday, the company announced it was bringing in three new board members, and…
As activist investors target Salesforce, what’s next for the CRM giant?
With two activist investors taking significant stakes in Salesforce, Marc Benioff will be challenged in ways he probably hasn’t been before.
No rest for Salesforce as activist investor Elliott Management takes multibillion-dollar stake in company
It’s been a tumultuous time at Salesforce recently, and it’s not getting any quieter soon. The Wall Street Journal reported last night that the company now needs to deal with…
Salesforce turmoil continues into new year, as recent layoffs attest
Salesforce has been having a rough go of it lately, and the new year brought little relief with news it was laying off 10% of its workforce.
Benioff’s reported Slack statement muddles message about Salesforce’s view of WFH
CNBC reported on Friday that Marc Benioff sent a message on the company Slack channel that newer employees weren’t as productive. He questioned if this was due to working from…
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Salesforce ends 2022 in an unusually turbulent position
Is this a short-term glitch in a bad year for all SaaS companies or a series of moves that could be indicative of something more worrisome at Salesforce?
Slack’s new CEO, Lidiane Jones, brings two decades of product experience to the job
We’ve heard a lot about Stewart Butterfield stepping down as Slack CEO, but less about his successor, Lidiane Jones.
Report indicates friction prior to Bret Taylor’s resignation from Salesforce
It seems that maybe Salesforce co-founder and CEO Marc Benioff was protesting a bit too much when he gave what seemed like a genuinely heartfelt goodbye to his protégé, Bret…
As Butterfield exits stage left, it’s fair to wonder what’s happening at Salesforce
Slack CEO Stewart Butterfield was the third Salesforce exec to step down in less than a week.
Confirmed: Slack CEO Stewart Butterfield stepping down in January
Just days after Salesforce co-CEO Bret Taylor announced his resignation, Slack CEO Stewart Butterfield announced that he will be stepping down in January. Business Insider first reported the news. TechCrunch…
No one seemed to see Bret Taylor stepping away from Salesforce (even Marc Benioff)
Salesforce co-CEO Bret Taylor’s resignation was a shock, and it’s safe to say that few if any saw this coming — even his mentor, Marc Benioff.
It’s been quite a roller coaster ride for Bret Taylor over the last year. In one week last December, he was named board chair at Twitter and co-CEO at Salesforce.…
