Friday, 24 March, 2023

Salesforce appoints new directors in response to activist criticism

<p>Salesforce names three new board directors, including the chief of hedge fund ValueAct Capital. Elliott Management Corp, the activist investment firm, plans to nominate several director candidates. There are at least four activist investors including Elliott, Starboard Value, Jeff Ubben&#39;s Inclusive Capital and ValueAct. Earlier this year, the company had announced plans to cut 10% of its jobs and close some offices.</p>