Salesforce settles with activist shareholder, does peace return?
Salesforce is engaged in a hefty battle at the board level with several activist shareholders. These believe that Salesforce is performing far below its potential and that things must improve. Revenue and especially profit needs to go up. One of the demands of Elliot Management, the largest activis... Read more
Activist investor Third Point takes stake in Salesforce
This latest move follows the lead of other activist investors, including Starboard Value, ValueAct Capital Partners, Elliott Investment Management, and Inclusive Capital, which have all taken shares in the San Francisco-based company.
Third Point, a New York-based firm led by CEO Dan Loeb, has a... Read more
Activist investor calls on Alphabet to reduce headcount and costs
Activist investor TCI Fund Management has called on Alphabet to cut costs by lowering its headcount and reducing expenses in several areas.
"We are writing to express our view that the cost base of Alphabet is too high and that management needs to take aggressive action", the organization wrote... Read more
Activist investor Starboard takes ‘significant’ stake in Salesforce
Activist investor Starboard Value has taken a stake in Salesforce. The investment is said to be significant, although the exact value was not disclosed.
Starboard indicated that Salesforce is underperforming in terms of growth and profitability, despite its solutions being embraced by more and ... Read more