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Activist investor Elliott nominates slate of directors to Salesforce board, sources say - TL;DR CNBC

Activist investor Elliott nominates slate of directors to Salesforce board, sources say

Publishing timestamp: 2023-03-01 10:38:33


Summary

Activist investor Elliott Management has nominated a slate of directors for Salesforce's board, according to CNBC's David Faber. Salesforce has faced high-profile departures and slowing revenue growth of late, and has been criticized for buying companies such as Slack and Tableau at high multiples. Shares of Salesforce have underperformed in 2022, declining almost 48% while the S&P 500 fell 19%. Salesforce is scheduled to report its fourth-quarter earnings after market close Wednesday.


Sentiment: MIXED

Tickers: CRM

Keywords: enterprisebusiness newsmarc beniofftechnologysalesforce incinternetbreaking news: technology

Source: https://www.cnbc.com/2023/03/01/activist-elliott-nominates-slate-of-directors-to-salesforce-board-.html


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