Activist investor Elliott nominates slate of directors to Salesforce board
Marlena Sloss | Bloomberg | Getty Images's board, sources told CNBC's David Faber Wednesday.
The nominating window closes March 14, and it is unclear if it is two or three nominees, Faber said on "Squawk on the Street." The slate will likely include Jesse Cohn who runs the activist practice at Elliott, according to people familiar with the situation, but Faber said his position hasn't been confirmed.Elliott Management made a multi-billion dollar investment in the cloud-based software company in January.This story is developing, please check back for updates.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Salesforce succession plan would appease activist investorsThere are growing expectations that Salesforce is readying a succession plan to appease activist investors. 'There's not a lot of people sitting on the bench,' one analyst said.
Read more »
How Salesforce sewers mark post-pandemic milestoneSalesforce Tower's whirring wastewater treatment system is operating again. That means it's back to having enough sewage, and people, in the building to keep its light on.
Read more »
At Marc Benioff’s Salesforce, It’s One Big Family—Until Trouble HitsSalesforce told employees they were like family. But when the tech giant hit hard times, the layoffs started. “The success of the business has to be paramount.”
Read more »
Report: Matthew McConaughey has a massive Salesforce paycheckSalesforce shelled out millions for Matthew McConaughey’s creative advice, according to a new Wall Street Journal report.
Read more »
Marc Benioff's Salesforce fairy tale is crumbling down around himSalesforce has been a unique tech company, able to sell itself as a "family" while generating near-universal praise from Wall Street. But that is...
Read more »
Amid layoffs, Salesforce reportedly has been paying Matthew McConaughey more than $10 million a yearWhile Salesforce Inc. has been slashing jobs and looking for ways to cut costs, it has also reportedly been paying actor Matthew McConaughey more than $10...
Read more »