In an interview with Yahoo Finance‘s Executive Editor Brian Sozzi, Salesforce Co-Founder, Chairman and CEO Marc Benioff sounded off on the activist investors targeting Salesforce by pressing for seats on the company’s board of directors. Benioff said he welcomed the new board members and said they’ll be great for the company and its shareholders. “We have three great new board members, and that’s five new board members in the last 16 months. Incredible” Benioff said. The three new boardroom hires at Salesforce are Sachin Mehra, Mastercard’s Chief Financial Officer; Mason Morfit, ValueAct Capital’s Chief Executive Officer and Chief Investment Officer; and Arnold Donald, the former President and Chief Executive Officer of Carnival Corporation. Benioff had particular praise for Donald: “probably one of my favorite CEOs of all time, one of the top CEOs in the world” he told Yahoo Finance. Benioff however, did not mention the more aggressive activists targeting Salesforce, specifically Elliott Management or Starboard Value. Benioff spoke to Yahoo Finance after the company reported better-than-expected earnings for the fourth quarter. Some analysts mused that the blowout results could also help Benioff outflank the activists currently circling his company.
Salesforce CEO Marc Benioff Responds to Shareholders’ Push For Change
In an interview with Yahoo Finance's Executive Editor Brian Sozzi, Salesforce Co-Founder, Chairman and CEO Marc Benioff sounded off on the activist investors targeting Salesforce by pressing for seats on the company’s board of directors. Benioff said he welcomed the new board members and said they’ll be great for the company and its shareholders. “We have three great new board members, and that's five new board members in the last 16 months. Incredible” Benioff said. The three new boardroom hires at Salesforce are Sachin Mehra, Mastercard’s Chief Financial Officer; Mason Morfit, ValueAct Capital’s Chief Executive Officer and Chief Investment Officer; and Arnold Donald, the former President and Chief Executive Officer of Carnival Corporation. Benioff had particular praise for Donald: “probably one of my favorite CEOs of all time, one of the top CEOs in the world” he told Yahoo Finance. Benioff however, did not mention the more aggressive activists targeting Salesforce, specifically Elliott Management or Starboard Value. Benioff spoke to Yahoo Finance after the company reported better-than-expected earnings for the fourth quarter. Some analysts mused that the blowout results could also help Benioff outflank the activists currently circling his company. Read More...
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