Salesforce Adds Three Directors After Pressure From Activist Investor Elliott

Elliott Management has been preparing its own list of people to join the board, according to a report. Salesforce shares are up about 9% over the past five days. Read More...


Activist Elliott to nominate directors at Salesforce -sources

Elliott Management Corp, the activist investment firm that recently made a multimillion-dollar investment in Salesforce, plans to nominate several director candidates at the cloud-based software company, people familiar with the matter said on Thursday. Elliott, which invests more than $55 billion, is currently interviewing a number of people including technology industry executives and executives in other industries, the people said. The decision to prepare a slate of candidates who can be nominated between February 12 and March 14, could signal a change of direction at Elliott.

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