Shareholder rage freezes Salesforce boss Marc Benioff's package Mark Benioff won’t be getting a pay rise this year thanks to shareholder discontent over the “excessive compensation” of Salesforce management. The CRM-as-a-Service chief exec and co-founder will take home just $1.55m in Salesforce’s fiscal year 2017, exactly the same as last year. Benioff’s potential cash bonus has been …
'The chief executive’s package was down 16 per cent to $33.362m for Salesforce’s fiscal year 2016.'
Poor lamb.
'The company said it acted following “concerns regarding quantum of total CEO pay.”'
What the hell does that even mean? Why can't they use normal words like 'ridiculously excessive amount'?
Why can't they use normal words like 'ridiculously excessive amount'?
Dunno. A more pressing concern is why they're handing it to a fat balding, unshaven scruff with a mullet. Rather reminiscent of this ------------------------------------------------------------->
If somebody were offering me $33m to do not much I'd dress up smartly and hope I looked the part.
$31.739m in stock options, $30.352m in stock and $1.547bn in other types of compensation, producing a total compensation package of $63.639m
Why can't I do this math? If he got 1.5bn in other compensation how can the total package be ±$64m?
Maybe I just don't earn enough to worry about things like this?
Especially while Salesforce continues to lose money.
Still when it is bought (probably by Oracle if current rumours are anything to go by) then it'll speedball's around and time for the accountants in Delaware to earn their tax-free dollars by cooking up a leveraged deal with plenty of debt to offset any nasty capital gains.
And then there'll be even more celebrations as the synergistic pink slips get sent.
I wish I was joking. Where's the Morozov icon?
I don't think Oracle has the scratch to put it together. Apparently MSFT offered Benioff like $60b a few years ago and MB said too low... so MSFT just decided to compete with him with Dynamics. Both are doing pretty well, at SAP and Oracle's loss. Oracle probably does need to do something in that CRM space. They have been losing share for years. They were the largest CRM vendor after they bought Siebel, now they will be 4th as MSFT blows past them this year. MSFT will probably over take SAP in a year or two as well.
The current incumbent clearly has lost the plot. Therefore, I would like to forward myself as your saviour.
I doubt I will increase sales either but will be extremely happy to carry out this loathsome job for less than current market rate.
I would also add, that for just a little more renumeration I could wear a suit and tie, and look like I am interested in the job.
Your faithfull servant
Head of IT
Mossack Fonseca
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