Marc Benioff reached out to a MarketWatch columnist who has covered Salesforce since its inception to remind Wall Street that "this isn't my first...
I wrote Tuesday that Marc Benioff faced the end of a very happy era at Salesforce Inc., with Wall Street ganging up on the software company as layoffs rile employees.
“It’s a culture of volunteerism and giving, it is still very much alive and well,” Benioff said, noting that Hawaiian-shirt Fridays are still a thing at Salesforce, as is the 1-1-1 model, which dedicates 1% of equity, 1% of product and 1% of employee time to the community. Benioff has named two co-CEOs in recent years, and neither managed to actually take over from Benioff before leaving in relatively short order. High-profile executive departures have fueled further questions about Salesforce’s trajectory. Co-CEO Bret Taylor was the latest to leave, after just a year of sharing the top spot with Benioff.
On Wednesday’s crucial post-earnings conference call, Benioff was joined by Chief Operating Officer Brian Millham and Chief Financial Officer Amy Weaver, who both have president titles with the company. I mentioned that the structure was similar to that put in place by his mentor, Ellison, at Oracle Corp. ORCL .
More on the earnings news: Salesforce stock soars as Benioff says goal is to be the ‘most profitable software company in the world’
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