{"id":27591,"date":"2023-03-27T22:16:06","date_gmt":"2023-03-27T22:16:06","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/03\/27\/activist-investor-elliott-ditches-director-nomination-plans-for-salesforce\/"},"modified":"2023-03-27T22:16:07","modified_gmt":"2023-03-27T22:16:07","slug":"activist-investor-elliott-ditches-director-nomination-plans-for-salesforce","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/03\/27\/activist-investor-elliott-ditches-director-nomination-plans-for-salesforce\/","title":{"rendered":"Activist investor Elliott ditches director nomination plans for Salesforce"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/27\/activist-investor-elliott-ditches-director-nomination-plans-for-salesforce\/<\/a><\/br>
\nActivist investor Elliott ditches director nomination plans for Salesforce<\/br>
\n2023-03-27 22:16:06<\/br><\/p>\n

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Activist investor Elliott Investment Management won\u2019t be proceeding with plans to nominate its own directors to Salesforce\u2019s board, citing improved performance and a clearer \u201cfocus on value creation\u201d from the enterprise software company.<\/p>\n

Elliott became one of five activist investors<\/a> within Salesforce\u2019s ranks after news emerged at the turn of the year that it had bought a multi-billion dollar stake<\/a> in the company. Ahead of Salesforce\u2019s recent Q4 earnings, Elliott confirmed that it was pushing several of its own candidates<\/a> toward the board after a turbulent 2022 for Salesforce.<\/a> But after the enterprise software giant returned to financial form<\/a>, beating growth forecasts, it seems Elliott is now convinced that Salesforce has corrected course.<\/p>\n

In a joint statement today<\/a>, the companies said that in light of Salesforce\u2019s recently announced \u201cprofitable growth framework,\u201d dubbed \u201cNew Day<\/a>,\u201d alongside its strong fiscal year 2023 and a slew of additional \u201ctransformation initiatives,\u201d Elliott won\u2019t pursue its director nominations.<\/p>\n

\u201cI have great respect for Marc [Salesforce co-founder and CEO Marc Benioff] and his team, and I have become deeply impressed by their strong ongoing commitment to profitable growth, responsible capital return and an ambitious shareholder value creation plan,\u201d Elliott managing partner Jesse Cohn noted in a press release.<\/p>\n<\/p><\/div>\n

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Science, Tech, Technology<\/br>
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\nSource:https:\/\/techcrunch.com\/2023\/03\/27\/activist-investor-elliott-ditches-director-nomination-plans-for-salesforce\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/27\/activist-investor-elliott-ditches-director-nomination-plans-for-salesforce\/ Activist investor Elliott ditches director nomination plans for Salesforce 2023-03-27 22:16:06 Activist investor Elliott Investment Management won\u2019t be proceeding with plans to nominate its own directors to Salesforce\u2019s board, citing improved performance and a clearer \u201cfocus on value creation\u201d from the enterprise software company. Elliott became one of five activist investors within Salesforce\u2019s ranks […]<\/p>\n","protected":false},"author":1,"featured_media":27592,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-27591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nActivist investor Elliott ditches director nomination plans for Salesforce - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/03\/27\/activist-investor-elliott-ditches-director-nomination-plans-for-salesforce\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Activist investor Elliott ditches director nomination plans for Salesforce - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/03\/27\/activist-investor-elliott-ditches-director-nomination-plans-for-salesforce\/ Activist investor Elliott ditches director nomination plans for Salesforce 2023-03-27 22:16:06 Activist investor Elliott Investment Management won\u2019t be proceeding with plans to nominate its own directors to Salesforce\u2019s board, citing improved performance and a clearer \u201cfocus on value creation\u201d from the enterprise software company. 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