Salesforce (NYSE: CRM) and Elliott Investment Management L.P. have issued a joint statement in regards to the company’s 2023 Annual Meeting of Stockholders and related director elections. The Board and management actions have pointed towards the company’s focus on value creation as Elliott has decided not to proceed with director nominations while Salesforce and Elliott have committed to continue the productive working relationship together. Marc Benioff, Chair and CEO of Salesforce, said, “I have thoroughly enjoyed getting to know Jesse and the Elliott team over the last few months, and I am grateful for Jesse’s mindful and constructive ideas. I look forward to continuing my relationship with Jesse and the Elliott team.”
Jesse Cohn, Managing Partner of Elliott, said, “I have great respect for Marc 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. We look forward to continuing our productive relationship with Marc and the Salesforce team as they accelerate the Company’s transformation.”
