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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/03\/27\/activist-investor-elliott-ditches-director-nomination-plans-for-salesforce\/<\/a><\/br> 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 <\/br><\/br><\/br><\/p>\n
\nActivist investor Elliott ditches director nomination plans for Salesforce<\/br>
\n2023-03-27 22:16:06<\/br><\/p>\n