‘Salesforce bows to pressure from activist investors’
The CRM giant is implementing strict new policies for employees across the board.
Salesforce is reacting to pressure from activist investors by cutting costs, according to an article on TechCrunch. For starters, the company is implementing much stricter performance measurements for engineering.... 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
CEO Aaron Levie of Box survives attack to remove him from the board
Box's ten-person company board will remain intact after an attempt by activist investor Starboard Value to oust Box co-founder and Chief Executive Officer Aaron Levie and two other directors on the board. The three directors easily defeated Starboard's candidates in a shareholder vote.
The vote ... Read more
Box released its earnings early to counter possible changes when the board votes
Box has been dealing with an ongoing dispute with activist investors (Starboard Value) over who gets to control the board. The argument should be resolved on September 9th when the company holds its annual shareholder meeting.
To show the shareholders that the numbers are improving under the cur... Read more