Op-ed: Salesforce appoints ValueAct’s Morfit to its board and a proxy fight may loom ahead
Publishing timestamp: 2023-01-27 16:16:28
Summary
Salesforce, a global leader in customer relationship management technology, has appointed ValueAct Capital CEO and CIO Mason Morfit to its board. ValueAct has extensive experience in technology companies and has had an average return of 45.98% versus 18.70% for S&P 500 over same period. Morfit's appointment is likely to improve Salesforce's growth and margins, and decrease the chance of another activist being successful in a proxy fight.
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Keywords: business news, salesforce inc, investment strategy, hedge funds,