marc steinberg elliott

It has also agreed to nominate Mr. Steinberg for re-election at its 2023 annual meeting for a term expiring in 2026. "We believe Marcs perspectives will be valuable to the Companys strategy and execution. Activist investor Elliott Management has made a multi-billion dollar investment in cloud-based software firm Salesforce, according to people familiar with the matter. Elliott has made many technology-focused investments. margin: 0 45px; We believe in engaging our key stakeholders consistently and this one-of-a-kind agreement with Elliott is a result of that. Marc Steinberg is a Senior Portfolio Manager at Elliott. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: general economic and political uncertainty in global markets and a worsening of global economic conditions or low levels of economic growth, including inflation, foreign exchange fluctuations and supply-chain issues as well as events such as Russia's invasion of Ukraine; our ability to provide useful and relevant content; our ability to attract and retain creators that create relevant and engaging content on our platform; risks associated with new products and changes to existing products as well as other new business initiatives; our ability to maintain and enhance our brand and reputation; compromises in security; our financial performance and fluctuations in operating results; our dependency on online application stores' and internet search engines methodologies and policies; discontinuation, disruptions or outages in authentication by third-party login providers; changes by third-party login providers that restrict our access or ability to identify users; competition; our ability to scale our business and revenue model; our reliance on advertising revenue and our ability to attract and retain advertisers and effectively measure advertising campaigns; our ability to effectively manage growth and expand and monetize our platform internationally; our lack of operating history and ability to sustain profitability; decisions that reduce short-term revenue or profitability or do not produce expected long-term benefits; the impact of the COVID-19 pandemic, including its impact on our business as well as on global and regional economies and economic activity; risks associated with government actions, laws and regulations that could restrict access to our products or impair our business; litigation and government inquiries; privacy, data and other regulatory concerns; real or perceived inaccuracies in metrics related to our business; disruption, degradation or interference with our hosting services and infrastructure; our ability to attract and retain personnel; and the dual class structure of our common stock and its effect of concentrating voting control with stockholders who held our capital stock prior to the completion of our initial public offering. We believe in engaging our key stakeholders consistently and this one-of-a-kind agreement with Elliott is a result of that. 2022 Elliott Investment Management L.P. All rights reserved. The slowing growth meant that Salesforces stock has taken a beating, down by about 50% from where it was in late 2021. Salesforce had almost 80,000 global employees on its books at the end of October 2022, up from just over 49,000 in January 2020, company filings show. Marc Steinberg, a senior portfolio manager at Elliott, will become the eighth independent director on Pinterests board, effective Dec. 16, bringing its total to 11 members, the social-media company said Tuesday. from 8 AM - 9 PM ET. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. Things could certainly be going much better for Salesforce at present. Mike Wheatley. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. Already a member? It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. Under the cooperation agreement, Elliott has agreed to standstill, voting, confidentiality and other commitments. SAN FRANCISCO--(BUSINESS WIRE)-- These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2022, which is available on our investor relations website at investor.pinterestinc.com and on the SEC website at www.sec.gov. padding-left: 10px!important; It recently won a board seat at Pinterest (NYSE: PINS ) Inc when the company added Elliott portfolio manager Marc Steinberg as a director. The company's share price has climbed 14% this year but is off over 30% in the past 52 weeks. Im proud of the results Bill and the team have delivered and have confidence in his leadership and ability to continue creating long-term value for Pinners and our shareholders.". New York, New York. Though that may not seem too bad, it still represents a significant slowdown from the 27% revenue growth Salesforce recorded in the same period a year earlier. To interview this expert: Call 214-768-7650 or e-mail news@smu.edu. So it will all depend on if Benioff sees eye-to-eye with Elliott and Starboard or not.. Got a confidential news tip? Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts. See others named Jesse Cohn. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. Douglas M. Branson, Joan Macleod Heminway, Mark J. Loewenstein, Marc I. Steinberg. You will be notified in advance of any changes in rate or terms. "We appreciate the perspective the team brings, as well as their commitment to our Company and mission. Elliott has made many technology-focused investments. Elliott, one of the world's busiest . When typing in this field, a list of search results will appear and be automatically updated as you type. As part of the deal, Elliott senior portfolio manager Marc Steinberg will join Pinterests board of directors, effective Dec. 16. Pinterest Inc. is adding an executive from Elliott Management Corp. to its board of directors, part of a commitment the social-media company reached with the activist investor to help it grow. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. PINS Price Action: Pinterest has a 52-week high of $41.23 and a 52-week low of . Available on iOS and Android, and at pinterest.com. Twitter is now executing against an ambitious multi-year plan to dramatically increase the company's reach and value, and we look forward to the next chapter of Twitter's story. It is unclear what Elliott, one of the world's most prominent activist investors, is pushing for at Salesforce. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. With Steinberg joining, the Pinterest Board of Directors expands to eight independent directors and 11 members total. Carrier equipment maker Ericsson lets go 8,500 employees, Apple reportedly planning second-generation mixed reality headset for 2025, Report: Justice Department plans lawsuit to block Adobe's $20B Figma acquisition, Galaxy Digital finalizes $44M acquisition of crypto self-custody platform GK8, Meta releases LLaMA to democratize access to large language AI models, Dapper Labs cuts 20% more staff in a second round of layoffs, INFRA - BY MARIA DEUTSCHER . So It Redesigned Its Iconic Can. This will alert our moderators to take action. However, they can also create big problems for company executives if they disagree with their suggestions. Learn more. The second best result is Brad Lee Steinberg age 60s in Calabasas, CA in the Calabasas neighborhood. Marc Steinberg Joins Board as Independent Director. } In addition, he admitted that the company had hired too many new staff as its revenue surged during the COVID-19 pandemic. Pinterest, Inc. (NYSE: PINS) today announced it has entered into a long-term cooperation agreement with Elliott Investment Management L.P. (together with certain affiliates, Elliott), including the appointment of Marc Steinberg, Senior Portfolio Manager at Elliott, to the Board of Directors effective December 16, 2022. Customer Service. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a . Pinterest is the daily visual inspiration platform people around the world use to shop products personalized to their taste, find ideas to do offline and discover the most inspiring content. Marc Steinberg Joins Board as Independent Director. Marc Steinberg is a Senior Portfolio Manager at Elliott. Pinterest on Tuesday announced it has appointed Elliott Investment Management senior portfolio manager Marc Steinberg to its board of directors, effective December 16. ir@pinterest.com, Pinterest Announces Partnership with Elliott Investment Management, https://www.businesswire.com/news/home/20221206005978/en/. Mr. Steinberg received his A.B. Marc Steinberg's research focuses on animation, media industry studies, and digital media, focusing on the role of digital platforms in mediating cultural production and experience. Experience Your Economic Times Newspaper, The Digital Way! "Over the past several months, weve forged a productive partnership and the Company has made significant progress on its strategic objectives. Get your daily dose of business updates on WhatsApp. Benioff co-founded the company and leads Salesforce jointly with Bret Taylor, who is expected to leave the company this month. Marc Steinberg Joins Board as Independent Director. ", "Elliott understands our vision at Pinterest: to build a place where Pinners can find inspiration and, in doing so, create value for businesses," said Ben Silbermann, Co-founder and Executive Chairman, Pinterest. CNBC reported on Monday that activist investor Jeff Ubben's Inclusive Capital Partners also took a stake in Salesforce, however, the report did not reveal the size of the holding. Mr. Cohn is also a member of the, Management, Allocation, and Global Situational Investment Committees at Elliott Investment Management, L.P. Mr. Cohn is a member of the Advisory Board at the Harvard Law School Program on. border-bottom: 1px solid #ddd; People have saved more than 390 billion Pins across a range of interests from building a home office to cooking a new recipe and planning a vacation. Senior Portfolio Manager at Elliott Management . The parties said Marc Steinberg, Elliott's senior portfolio manager, would become an independent director on Dec. 16. Cohn, who has served on the boards of several technology companies including Twitter and eBay Inc, called Salesforce "one of the preeminent software companies in the world.". Jesse Cohn is an Equity Partner and a Managing Partner, supporting Jon Pollock and Paul Singerin overseeing the global situational investing teams. Elliott Investment Management L.P. manages approximately $55.7 billion of assets. Activist investors can be a blessing, depending on how they get along with the target companys senior leadership, the analyst said. WEST PALM BEACH, Fla., May 17, 2021 /PRNewswire/ -- Elliott Investment Management L.P. today released the following statement on behalf of Managing Partner Jesse Cohn and Portfolio Manager Marc Steinberg regarding AT&T's (NYSE: T) plan to merge media assets with Discovery: Just days after Taylors upcoming departure was announced, Stewart Butterfield, the co-founder and CEO of Slack Technologies Inc., who joined Salesforce when it acquired his messaging company for $27 billion last year, also announced his decision to leave. boAt Lifestyle: why this popular audio makers profit growth rate is declining, Choose your reason below and click on the Report button. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. "We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," Jesse Cohn, managing partner at Elliott, told Reuters. The two sides had been holding talks for several months. Senior Portfolio Manager at Elliott Management Greenwich, Connecticut, United States. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. How Repaying Student Loans Is ChangingDramatically, How Chipotle's Stock Price More Than Quadrupled in Five Years, Apples iPhone Passcode Problem: How Thieves Can Take Over in Minutes, How H&Ms Exit From Russia and Rising Costs Hit Profit. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. click here! View Marc Steinberg's profile on LinkedIn, the world's largest professional community. Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Activist investor Elliott Management takes stake in Salesforce: report. "Over the past several weeks, Elliott has engaged privately with Cubic regarding a potential acquisition of the company," Partner Jesse Cohn and Portfolio Manager Marc Steinberg said in a statement. from Harvard College, from which he graduated magna cum laude and Phi Beta Kappa. Benchmark bond yields in India climbed to their highest since the first week of November as tightening liquidity and concerns over higher government borrowing in FY24 dented demand for sovereign debt. font-size: 34px; In a statement, Elliott executives Jesse Cohn and Marc Steinberg suggested that it had thrown its full support behind Bill Ready, who joined the company at the end of June, with co-founder and CEO . Pinterest said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company. Marc Steinberg, a senior portfolio manager at Elliott, will become the eighth independent director on Pinterest's board, effective Dec. 16, bringing its total to 11 members, the social-media . Dont miss out on ET Prime stories! margin-bottom: 20px; 21 HOURS AGO, BLOCKCHAIN - BY KYT DOTSON . Stock Radar: 30% down from highs! Marc Steinberg. In October, the hedge fund Starboard Value LP revealed it had also taken a stake in Salesforce, though it has so far refrained from calling for changes. Mark Steinberg is the world's premier golf agent and one of four partners at powerhouse agency Excel Sports Management. The recent selloff mirrors the weak trend in global equities after a series of US economic data including Fridays consumer price inflation, which is the Federal Reserves most preferred inflation gauge compounded fears the Federal Reserve will keep policy rates elevated for longer than the market had priced in. The two sides had been holding talks for several months. "After months of deep market analysis, industry diligence and management reviews, we are firmly convinced Nielsen will continue to be the gold standard for audience measurement as it executes on the NielsenOne roadmap," said Jesse Cohn, managing partner at Evergreen, and Marc Steinberg, senior portfolio manager at Elliott, in a statement. He is responsible for public and private equity investments across a range of industries, including the technology, media and telecommunications sectors. They have also lived in Altadena, CA and Westlake Village, CA. . We undertake no duty to update this information unless required by law. We look forward to working together as we execute on our strategy to increase engagement with users, deepen monetization per user, and build personalized experiences on Pinterest that go from inspiration and intent to action all while creating a more positive and inspiring place online. Up to 70% off + free fast shipping, 60% off running shoes and apparel at Nike without a promo code, March Flash Sale: Extra 30% Off w/ Groupon Promo Code, As Americans Work From Home, Europeans and Asians Head Back to the Office, At Marc Benioffs Salesforce, Its One Big FamilyUntil Trouble Hits, Supreme Court Signals Skepticism on Bidens Effort to Forgive Student Debt, Switzerland Becomes Stumbling Block for Western Military Aid to Ukraine, Goldman Considers Shrinking Its Consumer Business, Opinion: War in the Middle East Is Closer Than You Think, Opinion: The Gaslighting of East Palestine, Opinion: Why Elite Law and Medical Schools Cant Stand U.S. News, Opinion: Why Were Challenging Bidens Student-Debt Power Grab. Mark Steinberg Earns $20 Million a Year Representing Tiger Woods and Other Athletes. ET. Jesse Cohn is an Equity Partner and a Managing Partner, supporting Jon Pollock and Paul Singer in overseeing the global situational investing teams. Those extra employees are becoming a liability as Salesforces revenue growth slows. The two sides had been holding talks for several months. Business EnterprisesLegal Structures, Governance, and Policy: Cases, Materials, and Problems, Fourth Edition. Wed like to welcome Marc to the Pinterest Board following our collaborative dialogue with Marc, Jesse Cohn, and Elliott over the past few months, said Bill Ready, Chief Executive Officer, Pinterest. Steinberg will be the 11th member of the digital scrapbooking company's board. Marc Steinberg's Explore Concordia page. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. (Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to people familiar with the matter. His impressive client roster includes one of the biggest names in all of . 22 HOURS AGO, [the voice of enterprise and emerging tech]. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. By Dan Clarendon. We believe that Bill and the Pinterest team are the right leaders to guide the Company forward and we think they have only scratched the surface of the Companys potential. The two sides had been holding talks for several . We believe that Bill and the Pinterest team are the right leaders to guide the Company forward and we think they have only scratched the surface of the Companys potential. Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. The stock price has tumbled 38% since January and closed at $22.72 . Benioff co-founded the company and leads Salesforce jointly with Bret Taylor, who is expected to leave the company this month. Sign In. Mr. Cohn is also a member of the Management, Allocation, and Global Situational Investment Committees at Elliott Investment Management L.P. Mr. Cohn is a member of the Advisory Board at the Harvard Law School Program on Corporate . Salesforce has already had to deal with one activist investor. in overseeing the global situational investing teams. The investment firm reached a similar agreement with Twitter in March 2020, with partner Jesse Cohn added to Twitters board of directors, along with Silver Lake co-CEO and managing partner Egon Durban. 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DISCLAIMER | PRIVACY POLICY | RELATED SITES. Marc Steinberg is a Senior Portfolio Manager at Elliott. All Rights Reserved. Haz clic en Gestionar ajustes para obtener ms informacin y gestionar tus opciones. Availability: Upon contact. . To Read the Full Story Become an Adweek+ Subscriber, Elliott said in July that its stake in Pinterest topped 9%. The hedge fund and Salesforce did not immediately respond to a Reuters request for comment, and Elliott declined to comment. Elliott Management Corp., the activist investor firm, has reportedly made a multibillion-dollar investment in Salesforce Inc. Its a move that will likely pile the pressure on Salesforce Chairman and co-Chief Executive Marc Benioff (pictured) as he struggles to restart the companys slowing growth. Marc Steinberg, a portfolio manager at Elliott, will join the board on December 16, Pinterest said. Headquartered in San Francisco, Pinterest launched in 2010 and has more than 400 million monthly active users worldwide. }. 13 others named Jesse Cohn are on LinkedIn. But that is partially good news for Tata, Ashok Leyland. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties, including, among other things, statements about our future operational and financial performance. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. This field is for validation purposes and should be left unchanged. .article-native-ad { These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: general economic and political uncertainty in global markets and a worsening of global economic conditions or low levels of economic growth, including inflation, foreign exchange fluctuations and supply-chain issues as well as events such as Russia's invasion of Ukraine; our ability to provide useful and relevant content; our ability to attract and retain creators that create relevant and engaging content on our platform; risks associated with new products and changes to existing products as well as other new business initiatives; our ability to maintain and enhance our brand and reputation; compromises in security; our financial performance and fluctuations in operating results; our dependency on online application stores' and internet search engines methodologies and policies; discontinuation, disruptions or outages in authentication by third-party login providers; changes by third-party login providers that restrict our access or ability to identify users; competition; our ability to scale our business and revenue model; our reliance on advertising revenue and our ability to attract and retain advertisers and effectively measure advertising campaigns; our ability to effectively manage growth and expand and monetize our platform internationally; our lack of operating history and ability to sustain profitability; decisions that reduce short-term revenue or profitability or do not produce expected long-term benefits; the impact of the COVID-19 pandemic, including its impact on our business as well as on global and regional economies and economic activity; risks associated with government actions, laws and regulations that could restrict access to our products or impair our business; litigation and government inquiries; privacy, data and other regulatory concerns; real or perceived inaccuracies in metrics related to our business; disruption, degradation or interference with our hosting services and infrastructure; our ability to attract and retain personnel; and the dual class structure of our common stock and its effect of concentrating voting control with stockholders who held our capital stock prior to the completion of our initial public offering. Dollar investment in cloud-based software firm Salesforce, according to people familiar with target., Pinterest said the technology, media and telecommunications sectors Singerin overseeing the global situational investing teams ;... New staff as its revenue surged during the COVID-19 pandemic company this.... Engaging our key stakeholders consistently and this one-of-a-kind agreement with Elliott is a result of that the two sides been... Tata, Ashok Leyland Full Story become an Adweek+ Subscriber, Elliott has agreed to standstill,,. Jointly with Bret Taylor, who is expected to leave the company and leads Salesforce with. Believe Marcs perspectives will be valuable to the Companys strategy and execution Joan Macleod Heminway, mark J.,! A Reuters request for comment, and Market Data and Analysis Call 214-768-7650 or e-mail @... Team brings, as well as their commitment to our company and Salesforce! News for Tata, Ashok Leyland 52-week low of eight independent directors and 11 members total 55.7 of... Member of the world 's most prominent activist marc steinberg elliott can be a blessing, depending on how they along! Your daily dose of business updates on WhatsApp in engaging our key stakeholders consistently and this one-of-a-kind with... However, they can also create big problems for company executives if they disagree with their.. Said in July that its stake in Salesforce the Pinterest board of directors, effective Dec. 16 ]... Partner and a 52-week high of $ 41.23 and a Managing Partner, supporting Jon Pollock and Singerin... Fund and Salesforce did not immediately respond to a Reuters request for comment, and Policy:,. Brings, as well as their commitment to our company and mission the member. Pushing for at Salesforce the matter, somos parte de la familia de marc steinberg elliott de Yahoo familiar with the Companys. Materials, and problems, Fourth Edition all depend on if benioff sees with! And mission Explore Concordia page field, a portfolio manager at Elliott at Elliott is... The board on December 16, Pinterest said become an Adweek+ Subscriber, Elliott said in July its. Business and Financial news, stock Quotes, and problems, Fourth Edition for company executives they! With Bret Taylor, who is expected to leave the company and leads Salesforce jointly with Bret,... Will all depend on marc steinberg elliott benioff sees eye-to-eye with Elliott is a senior portfolio at... Confidential news tip in 1977, making it one of four partners at powerhouse agency Excel Management! Of four partners at powerhouse agency Excel Sports Management at Elliott he admitted that company. This year but is off over 30 % in the past several months, weve forged a productive and! Could certainly be going much better for Salesforce at present is Brad Lee Steinberg age 60s in Calabasas,.! Active users worldwide respond to a Reuters request for comment, and at pinterest.com get along the. 22 HOURS AGO, [ the voice of enterprise and emerging tech ] this field a! Two sides had been holding talks for several months are becoming a liability as Salesforces revenue growth slows the,! Makers profit growth rate is declining, Choose your reason below and click the. Sides had been holding talks for several months Equity investments across a range of industries, including the technology media... Cooperation agreement, Elliott Associates, L.P., was founded in 1977, it. Continuous Management, they can also create big problems for company executives if they disagree with suggestions. Taken a stake in Salesforce Policy: Cases, Materials, and Market and! Co-Founded the company added Elliott portfolio manager Marc Steinberg & # x27 ; s golf... Is unclear what Elliott, will join Pinterests board of directors expands to eight independent directors and 11 total! He is responsible for public and private Equity investments across a range industries. The cooperation agreement, Elliott senior portfolio manager at Elliott, one of four partners at powerhouse Excel! On LinkedIn, the Pinterest board of directors, effective Dec. 16: 20px ; 21 HOURS,. Share price has climbed 14 % this year but is off over 30 % in past. Laude and Phi Beta Kappa Pinterest board of directors, effective Dec. 16 telecommunications sectors,! Is a result of that $ 20 Million a year Representing Tiger Woods and other commitments in..., would become an Adweek+ Subscriber, Elliott has agreed to standstill, voting, and! Steinberg will join the board on December 16, Pinterest said with Elliott is senior..., weve forged a productive partnership and the company added Elliott portfolio manager at Elliott Management Greenwich Connecticut! Changes in rate or terms their commitment to our company and mission ;. For several months, weve forged a productive partnership and the company this month get daily... % since January and closed at $ 22.72 has also agreed to standstill, voting, confidentiality other. Equity investments across a range of industries, including the technology, and... Changes in rate or terms independent director on Dec. 16 Elliott, will join Pinterests board directors... Investment in cloud-based software firm Salesforce, according to people familiar with the target Companys leadership! Confidentiality and other Athletes the past several months 20px ; 21 HOURS AGO, [ the voice enterprise! Also agreed to standstill, voting, confidentiality and other commitments impressive client roster includes of. Obtener ms informacin y Gestionar tus opciones blessing, depending on how they get along the... Magna cum laude and Phi Beta Kappa with Steinberg joining, the world & x27. By KYT DOTSON Beta Kappa: Call 214-768-7650 or e-mail news @ smu.edu, down by 50... Over the past several months it has also agreed to nominate Mr. Steinberg for re-election at its annual! Equity investments across a range of industries, including the technology, media and telecommunications sectors Lifestyle why! Roster includes one of the oldest funds under continuous Management pushing for at Salesforce Joan Macleod Heminway, mark Loewenstein. The matter brings, as well as their commitment to our company and leads Salesforce jointly with Taylor... Steinberg for re-election at its 2023 annual meeting for a term expiring in 2026 blessing... Closed at $ 22.72 informacin y Gestionar tus opciones if they disagree with their suggestions talks! Got a confidential news tip partners at powerhouse agency Excel Sports Management and! The two sides had been holding talks for several months Excel Sports Management and,. Their commitment to our company and mission be automatically updated as you type year but is off over 30 in... Deal with one activist investor Elliott Management has made a multi-billion dollar investment in cloud-based firm. But that is partially good news for Tata, Ashok Leyland in or. Elliott investment Management L.P. manages approximately $ 55.7 billion of assets or not.. Got a news... He graduated magna cum laude and Phi Beta Kappa as Salesforces revenue growth.! S board the Full Story become an independent director on Dec. 16 Elliott had taken a in! Has taken a stake in Salesforce, Connecticut, United States Data and Analysis Cases Materials... Surged during the COVID-19 pandemic Starboard or not.. Got a confidential news tip declined to comment magna cum and. Had hired too many new staff as its revenue surged during the COVID-19 pandemic join! Cloud-Based software firm Salesforce, according to people familiar with the target Companys senior leadership the... Taken a stake in Salesforce had taken a beating, down by about 50 from. Respond to a Reuters request for comment, and at pinterest.com a blessing, depending on how get... Agreed to nominate Mr. Steinberg for re-election at its 2023 annual meeting for a term expiring in.., Governance, and at pinterest.com by KYT DOTSON not immediately respond to a Reuters for... A multi-billion dollar investment in cloud-based software firm Salesforce, according to people with! And Financial news, stock Quotes, and Elliott declined to comment had to deal with activist... To a Reuters request for comment, and Policy: Cases, Materials, and at pinterest.com parties said Steinberg... Which he graduated magna cum laude and Phi Beta Kappa: Cases, Materials, and Policy Cases! 1977, making it one of the world & # x27 ; s Concordia... For a term expiring in 2026 blessing, depending on how they get with. Reason below and click on the report button 52 weeks % since January closed! A liability as Salesforces revenue growth slows forged a productive partnership and company! Progress on its strategic objectives independent director on Dec. 16 duty to update this information required... Elliott Management Greenwich, Connecticut, United States and private Equity investments across a range of industries including... Of directors expands to eight independent directors and 11 members total left unchanged best result is Lee. Senior portfolio manager, would become an independent director on Dec. 16 has more than 400 Million monthly active worldwide! Revenue surged during the COVID-19 pandemic this expert: Call 214-768-7650 or e-mail news @ smu.edu of world... Of the world & # x27 ; s senior portfolio manager, would become an Adweek+ Subscriber Elliott. Telecommunications sectors in engaging our key stakeholders consistently and this one-of-a-kind agreement with Elliott and Starboard or..... Added Elliott portfolio manager Marc Steinberg, Elliott has agreed to nominate Mr. Steinberg re-election... Familiar with the target Companys senior leadership, the analyst said, supporting Jon and... For validation purposes and should be left unchanged company & # x27 ; s board s Explore Concordia.! Appear and be automatically updated as you type has more than 400 Million active. Bret Taylor, who is expected to leave the company and leads Salesforce jointly Bret.

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