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Published 1 year ago

Salesforce appoints new board directors amid activist investor pressure

Summary by Ground News
Salesforce appoints Arnold Donald, Sachin Mehra and Mason Morfit to its board. Salesforce has become a favorite target of activists because of its dismal performance over the past year. The company's market value has been chopped in half from its peak in 2021 to about $165 billion.

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ReutersReuters

Salesforce appoints new board directors amid activist investor pressure

Salesforce Inc on Friday named three new board directors, including the chief of hedge fund ValueAct Capital, amid pressure from activist investors for better cost control and a management shakeup at the cloud-based software firm.

1 year ago·United Kingdom
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Channel News AsiaChannel News Asia

Salesforce appoints new board directors amid activist investor pressure

Salesforce Inc on Friday named three new board directors, including the chief of hedge fund ValueAct Capital, amid pressure from activist investors for better cost control and a management shakeup at the cloud-based software firm.The company appointed chief executive of hedge fund ValueAct Capital Mason M

1 year ago·Singapore
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BloombergBloomberg

Salesforce Appoints New Directors as It Faces Pressure From Activist Investors

Salesforce Inc. is appointing three new independent directors to its board as it seeks to stave off pressure from activist investors.

1 year ago·United States
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MarketWatchMarketWatch

Salesforce names three directors amid pressure from activist investors

Feeling the heat of activist investors as it contends with a brutal tech downturn, Salesforce Inc. on Friday appointed three new board members.

1 year ago·United States
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