- Joseph K
Jeff Ubben speaks with Salesforce CEO as more activists target the software giant
Jeff Ubben of Inclusive Capital had talks with Marc Benioff, the CEO of Salesforce, according to sources, CNBC’s David Faber reported Monday.
Inclusive Capital has a stake in the CRM giant. It’s unclear what Ubben’s presence will mean for the cloud-based software company.
Salesforce has also attracted activist investor Elliott Management’s interest, which made a multibillion dollar investment, the Wall Street Journal reported late Sunday. In October, Starboard Value announced an undisclosed stake in Salesforce, saying the company was suffering from a valuation discount due to a “subpar mix of growth and profitability.”