Marc Benioff has yet to satisfy the most powerful activist investor. Elliott Management demands a 'sustainable leadership plan' for Salesforce.
, in particular, was seen as a successor to Benioff as CEO, but Taylor is now running a new startup instead. to fully appease activist investors, Insider reported earlier on Wednesday. to put a succession plan in place soon. The likely goal is not to oust Benioff, but rather to develop a bench of executive talent who can take over from him in the future. One possible option would be a revitalized board that focuses on improving margins while also considering succession planning.
"The question is who would be next in line?" Mark Moerdler, a veteran tech analyst at Bernstein, told Insider earlier this week."There's not a lot of people sitting on the bench."
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