The tech company pays the A-lister millions to represent the brand. Salesforce's CEO tells Barron's it's not fair to put that together with recent job cuts. Read More...
The Wall Street Journal
Salesforce Profit Outlook Buoys Software Maker Against Activist Investors
Salesforce latest results and coming changes such as disbanding its deal-making committee might be enough to undercut some of the chief concerns floated by activists against the business-software provider, according to analysts. Salesforce on Wednesday reported better-than-expected fourth-quarter earnings and upbeat guidance for the year, including improved profitability amid a cost-cutting push. Co-founder and Chief Executive Marc Benioff said the company is focused on improving its profit by reducing its head count, paring real-estate costs and eliminating a committee focused on mergers and acquisitions.
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