marc benioff twitter

Marc Benioff (ceo@salesforce.com) Mnuchin to Put $455 Billion in Funds Out of Yellen's Easy Reach Bloomberg – Saleha Mohsin – Nov 24, 11:51 AM Trump’s Republicans Are a Faction, Not a Party, A Letter From 9 Million U.S. Expats to Janet Yellen. [63] He was included in the ZDNet's 2017 list of "21 other CEOs we'd like to see run for president". If Salesforce’s stock decline mimics what happened during the Twitter discussions of 2016, Benioff’s enthusiasm for a deal might wane. If Salesforce were to pay a premium to Slack’s undisturbed share price of 30% (a fairly typical amount in M&A), it would value the messaging software maker at some $21 billion, including net cash. He announced that Salesforce would reduce investments in Georgia and cancel an annual conference if the bill was passed as-is. Salesforce CEO Marc Benioff just released a new book, Trailblazer. [26], Benioff supported Hillary Clinton for President of the United States in the 2016 presidential election. Slack looks like a more natural fit for his company than the social media firm, but the CEO is still, characteristically, asking for a lot of faith from investors. Yes, Benioff would be buying Slack’s existing growth, and expensively so, since it trades at a higher multiple of sales than Salesforce itself. 2. Jack Dorsey, the head of Square and Twitter, took to the social app he runs to express his opposition to Proposition C, drawing ire from its most vocal supporter, Salesforce chief Marc Benioff. Salesforce CEO Marc Benioff on Trump, Twitter and what soured his relationship with Microsoft by Dan Richman on November 14, 2016 at 9:11 pm November 14, … A takeover would be risky, but nabbing Slack may be a risk worth taking. He previously covered Apple and other technology companies for Bloomberg News in San Francisco. Bloomberg Intelligence analyst Mandeep Singh sees a bid of more than $25 billion as feasible. So judged through the prism of returns on invested capital, payback from a deal would be many years off. But there is a strategic logic to a combination. [64], He was also part of MAchar AZA #1887 in the organization BBYO, Salesforce.com Developers Conference keynote, May 21, 2007, "The rise of Marc Benioff, the bombastic Salesforce CEO and owner of Time Magazine, who has a $6.5 billion fortune and owns a 5-acre compound in Hawaii", Jerusalem Post: "Jews take 5 of top 6 spots in annual list of top US givers" By JACOB BERKMAN, Jewish Philanthropy: "Jewish Philanthropy 2.0", Financial Times: "Why can't San Francisco's tech culture solve the city's social problems?" But the combination of the two firms could have a multiplier effect. Back in 2016, it was Chief Executive Officer Marc Benioff’s circling of Twitter Inc. that prompted investors to flee . [19], Before starting his company, Mata Amritanandamayi, a Hindu guru, and Colin Powell were critical mentors for him. [18] He expected to continue programming after college, but USC professors advised Benioff to obtain customer-oriented work experience and he joined Oracle Corporation after graduation in a customer-service role. Slack, meanwhile, has a sophisticated collaboration platform that smoothly integrates enterprise tools made by third parties. Back in 2016, it was Chief Executive Officer Marc Benioff’s circling of Twitter Inc. that prompted investors to flee. Benioff ended up abandoning the approach for Twitter as ongoing discussions dragged the shares even lower. What does Marc Benioff see in Twitter to consider buying it? The first billionaire I ever interviewed was Marc Benioff, the CEO of Salesforce. Marc Benioff was pushing for Salesforce to buy Twitter until an accident changed his mind cnbc.com Billionaire Salesforce co-founder Marc Benioff says capitalism is dead and needs a reboot Marc Russell Benioff (born September 25, 1964) is an American internet entrepreneur, with a net worth of $7.8 billion as of May 2020[update]. Benioff called Dorsey’s involvement in their unexpected Twitter debate this month “manna from heaven” for bringing a round of news coverage that political ads can’t buy. [8] He graduated from Burlingame High School in 1982. But it proved a step too far, although it … Here's the list of prominent people who have donated, including Elon Musk, Jeffree Star, and even the CEO of YouTube", "Marc Benioff just planted 900,000 trees and brought us over 14 million!!!!!!!!!!!!! But under the right stewardship, Slack stands a chance of fending off Microsoft’s encroachment. [20][21], Benioff founded Salesforce in March 1999 in a rented San Francisco apartment and defined its mission in a marketing statement as "The End of Software. Salesforce CEO Marc Benioff: ‘Without Twitter, you wouldn’t have President-elect Trump’ Still, Salesforce investors pushed him to pass on a possible acquisition. He is the founder, chairman and CEO of Salesforce, an enterprise cloud computing company. Have a confidential tip for our reporters? The hospital that Marc donated millions to made him give extra. The outspoken executive talks to us about trust, worker uprisings, and the time he tripped and decided not to buy Twitter But there’s one problem: Salesforce lawyers are … [23] He hired and planted fake protestors and a fake news team, Channel 22, at Siebel's conference in 1999. Back in 2016, it was Chief Executive Officer Marc Benioff’s circling of Twitter Inc. that prompted investors to flee. ... Mr. Benioff once even had the notion of buying Twitter, back in 2016. Savings from the combination will meanwhile be hard to find: Slack’s operating expenses totaled less than $1 billion in the 12 months through June. WE ARE SO CLOSE! By supporting the president’s efforts to overturn the election, the party is endangering its very existence. [13][14][15] Epyx published his King Arthur's Heir, The Nightmare, Escape from Vulcan's Isle, and Crypt of the Undead,[16][17] and by 16, Benioff was earning royalties of $1,500 a month, enough to pay for college. Marc Benioff was born in 1960s. Jack Dorsey of taxpayer-funded Twitter has not. The two share a great-grandfather, Isaac, but had never met until the 2015 Game of Thrones premiere gala held in San Francisco. Amid speculation about Twitter's future, Salesforce CEO Marc Benioff said that while he looks at a lot of acquisition properties, he passes on most of them. Under Mr. Benioff’s leadership, Salesforce has become the fastest-growing top-five enterprise software company and the #1 CRM provider globally. Childhood. Marc Benioff Reuters/Mike Blake ... A 'random Joe Schmo' IT specialist in England is claiming to be the creator of VCBrags, a controversial Twitter … In 2014, Marc and Lynne Benioff donated another $100 million to UCSF and Oakland Children's Hospital (both now called Benioff Children's Hospitals). As the software industry continues to consolidate, with Salesforce.com announcing its intent to acquire Slack for nearly $28 billion in cash and stock, Salesforce Chairman and CEO Marc Benioff … The success of a deal would therefore be dependent on extracting meaningful sales synergies (where a combined company is able to generate more revenue), which are always more difficult to predict. [3], While still in high school, Benioff sold his first application, How to Juggle, for $75. It was the summer of 2011, and I was working on a profile of his surging interest in philanthropy, which had vaulted him into the uppermost ranks of the city’s donors. [10][11], Marc is a second cousin of showrunner and television producer David Benioff. The billionaire Salesforce CEO denounced the social media company for refusing to take down fake political ads. It could just take some time — likely more than five years — before the company starts seeing any material return on the investment. Marc Benioff, the billionaire who has emerged as a spokesperson for a more liberal and civically active Silicon Valley, is stepping away from partisan politics. Benioff is also a member of the World Economic Forum Board of Trustees. [24] He has long evangelized software as a service as the model that would replace traditional enterprise software. Benioff led a similar movement in February 2016 against Georgia's HB 757, the First Amendment Defense Act. If the latter can swallow a high-looking price, then maybe that faith would be justified over the longer term. [12] He is married to Lynne Benioff and has two children. [25], On September 16, 2018 Marc and his wife Lynne bought Time for $190m. Its $224 billion market capitalization and its capacity to take on debt give it deep pockets. Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. Ring any bells? The next Treasury secretary could make the lives of millions of Americans easier at no cost at all. Analysts expect Salesforce’s growth to slow over the next three years. To contact the author of this story:Alex Webb at awebb25@bloomberg.net, To contact the editor responsible for this story:Nicole Torres at ntorres51@bloomberg.net. Share to Twitter Share to Linkedin Talks of a potential acquisition of Slack comes months after Salesforce CEO Marc Benioff, pictured, proclaimed that it was a bad time to buy companies. Marc Benioff Bio @salesforce @time All Tweets Are My Own Tweets 29,9K Followers 1,0M Following 3,1K Account created 01-03-2009 04:16:24 ID 22330739 Free Instagram Followers Marc Benioff Calls Facebook ‘The New Cigarettes' And Says It Should Be Broken Up. [3] As of June 2020, he owned 3.36% of Salesforce shares, worth $4.8 billion. News leaks that enterprise software giant Salesforce.com Inc. is interested in acquiring a trendy tech company. He was also named Businessperson of the Year by Fortune readers. Marc Benioff Sets His Sights on Microsoft. As of June 2020, he owned 3.36% of Salesforce shares, worth $4.8 billion. [9] Benioff received a Bachelor of Science in business administration from the University of Southern California in 1986, where he was a member of the Tau Kappa Epsilon fraternity. On Monday, Salesforce CEO Marc Benioff had sharp words for San Francisco CEOs who aren't helping with the city's homelessness problem, just days after a heated exchange of tweets with Twitter … In March 2018, Benioff announced that he would be donating $1 million to, This page was last edited on 10 December 2020, at 16:35. Salesforce has been named one of the World's Most Innovative Companies five years in a row by Forbes Magazine. To have his name put on it, he had to give them millions more. Then its stock falls 5%, erasing billions of market value. The decade was dominated by the Vietnam War, Civil Rights Protests, Cuban Missile Crisis, antiwar protests and saw the assassinations of US President John F. Kennedy and Martin Luther King Jr. He received The Economist's Innovation Award. Marc Benioff was pushing for Salesforce to buy Twitter until an accident changed his mind cnbc.com Billionaire Salesforce co-founder Marc Benioff says capitalism is dead and needs a reboot [2] At 23, he was named Oracle's Rookie of the Year and three years later, he was promoted to vice president, the company's youngest person to hold that title. “He’s probably wondering why did he tweet, because it just unleashed the energy,” Benioff chuckled. And Salesforce would benefit. The company is suffering from Microsoft Corp.’s decision to offer its competing Teams product for free to users of its Office software suite. In November 2019, Marc Benioff donated $900,000 to, In October 2020, Marc and Lynne Benioff were named as one of the alliance partners of, Benioff has said that businesses are the greatest platforms for change in the world. ", The Huffington Post: "Businesses Are the Greatest Platforms for Change" By Marc Benioff, indiana Business Journal: "Salesforce CEO: We're canceling travel to Indiana" By Jared Council, The Huffington Post: "The CEO Who Took On Indiana's Anti-LGBT Law — And Won" By Alexander C. Kaufman, Fortune: "Salesforce CEO Marc Benioff Battles Georgia Over Gay Rights" By Jonathan Vanian, Atlanta Journal-Constitution: "BREAKING: Nathan Deal vetoes Georgia's 'religious liberty' bill" By Greg Bluestein, The Huffington Post: "Salesforce CEO Takes Radical Step To Pay Men And Women Equally" By Emily Peck, "Salesforce CEO Marc Benioff pledges $1,000,000 donation to March for Our Lives", "Salesforce CEO: tech billionaires 'hoard their money' and won't help homeless", "Hillary Clinton racks up business endorsements", "21 other CEOs we'd like to see run for president 7 - Page 7", https://en.wikipedia.org/w/index.php?title=Marc_Benioff&oldid=993437277, LGBT rights activists from the United States, Articles containing potentially dated statements from May 2020, All articles containing potentially dated statements, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, In 2016, Fortune magazine named him one of the World's 50 Greatest Leaders for his. The family lives in San Francisco, California. The snag is that Slack is not expected to generate any meaningful operating profit for years. The spectacle of two billionaires virtue-squabbling lit up the internet, and the Twitter mob came for Dorsey, hoisting atop its shoulders a triumphant Benioff. marc benioff. That would make returns even harder to realize. Marc Benioff, Chair & Chief Executive Officer of Salesforce, provides customers with a blueprint for how we're handling the Covid-19 outbreak at Salesforce. [4], Benioff was raised in a Jewish family[5][6] long established[7] in the San Francisco Bay Area. The Boston Tea Party’s Warning for Facebook and Google, Even Covid-19 Can't Stop the Christmas Wars, Pandemic Housing Shifts Will Speed Recovery in 2021. In June 2010, they announced a $100-million gift to UCSF Children's Hospital. Salesforce.com Inc.’s $27.7 billion takeover of Slack Technologies Inc. represents co-founder Marc Benioff’s most aggressive effort yet to challenge reigning software maker Microsoft Corp. We need clearer information on how the virus works so that we can avoid it. We don’t just need more regulations and mandates. Slack could benefit from having a deep-pocketed parent that sees it more as a platform to sell its own high-margin product than as a standalone money-maker. That may be a risk worth taking, especially since Salesforce’s 52% stock jump this year means it can afford to do so. He follows the World Economic Forum founder, In March 2015, Benioff announced Salesforce would cancel all employee programs and travel in the state of Indiana after the passing of SB 101, the. A successful deal would help Slack too. Against much advice, Salesforce CEO Marc Benioff was pushing ahead with a deal to buy Twitter in 2016. Indeed, Slack’s stock is already trading above the 30% premium level, indicating that the market expects a higher bid. Benioff’s attack on Facebook is also inconsistent with Salesforce’s advice to its clients regarding the site. Marc Benioff is Chairman, Chief Executive Officer and co-founder of Salesforce and a pioneer of cloud computing. Marc Benioff/Twitter In 2010, Benioff donated $100 million to build the Children's Hospital at the University of California at San Francisco. He is the creator of the term "platform as a service" and has extended Salesforce's reach by allowing customers to build their own applications on the company's architecture or in the Salesforce cloud. One of the Best CEOs in the World by Barron's. originally appeared on Quora: the knowledge sharing network where compelling questions are answered by people with unique insights. 10 (tied): Marc R. and Lynne Benioff", The Chronicle of Philanthropy: "Young Tech Donors Take Leading Role in Philanthropy 50" By Alex Daniels and Maria Di Mento, The Chronicle of Philanthropy: "Bequests Put Conservative Billionaire Richard Scaife Atop List of America's 50 Biggest Donors" By Maria Di Mento and Drew Lindsay, "Benioffs Donate $100 Million for New Hospital - UCSF Benioff Children's Hospital", UCSF News Center: "UCSF Benioff Children's Hospital, Children's Hospital Oakland Receive $100M Gift From Lynne And Marc Benioff", "YouTuber MrBeast's tree-planting campaign reached its goal of raising $20 million. [15], While at USC, Benioff had internships as an assembly language programmer at the Macintosh division of Apple Computer. In September 2020, Benioff won the Oslo Business for Peace Award. Marc Russell Benioff (born September 25, 1964) is an American internet entrepreneur, with a net worth of $7.8 billion as of May 2020. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Then he slipped on a curb and sliced his knee open on his way to … The 1960s were an era of protests. By ... And tech CEOs from Twitter and Salesforce … Salesforce CEO Marc Benioff wants to abolish Section 230 of the Communications Decency Act. Fortune Magazine named Salesforce as the World's Most Admired Company in the software industry four years in a row, On March 17, 2017, Benioff was included in a business leaders' symposium organized by the. At 15 years old, he founded Liberty Software, creating and selling games such as Flapper for the Atari 8-bit. This time around, there’s angst about Salesforce’s reported interest in Slack Technologies Inc. After the Wall Street Journal broke news of discussions between the two companies on Wednesday, the stock decline wiped $13 billion from Salesforce’s market value. Stop me if you’ve heard this one before. Dorsey declined to comment. "[22] This was a slogan he used frequently to preach about software on the Web, and used as a guerilla marketing tactic against the dominant CD-ROM CRM competitor Siebel at the time. Marc Benioff has embraced a proposed business tax to fund housing and homeless programs. [2] He is the founder, chairman and CEO of Salesforce, an enterprise cloud computing company. It could prove a valuable channel for Salesforce to reach new customers for its own sales-tracking tools. He served as co-chairman of the President's Information Technology Advisory Committee from 2003 to 2005. Before it's here, it's on the Bloomberg Terminal. By Tom Braithwaite, Business Insider: "The rise of Marc Benioff, the flashy billionaire founder of Salesforce" by Matt Weinberger, San Francisco Gate: "Marc Benioff, CEO, makes philanthropy a priority" by Casey Newton, "2014 USC Commencement Speaker Marc Benioff", "ROM Fun: Survey of recent cartridge games", "Apple all-star alumni recall Steve Jobs' lessons", "Salesforce CEO Marc Benioff explains why a Hindu guru and Colin Powell were critical mentors", "The Gospel of Wealth According to Marc Benioff", Salesforce Blog: "Marc Benioff: How to Turn a Simple Idea into a High-Growth Company" By Marc Benioff, USA Today: "Salesforce CEO leads charge against software" By Jack Gruber, "Time Magazine Is Bought by Marc Benioff, Salesforce Billionaire", "World Economic Forum Announces New Batch Of Young Global Leaders (Mark Zuckerberg, Chad Hurley, Kevin Rose And More)", Fortune: "The World's 50 Greatest Leaders" By Geoff Colvin, Fortune: "Vote: Businessperson of the Year - Championship Round" By Fortune Editors, Barron's: "World's Best CEOs" By Andrew Bary, The Economist: "And the winners were..." By The Economist Staff, "Forbes Announces Third Annual List Of The World's 100 Most Innovative Companies", "Why Salesforce.com Ranks #1 On Forbes Most Innovative List", "Salesforce.com named the "World's Most Innovative Company" by Forbes Magazine", "The World's Most Admired Companies for 2018", "Salesforce CEO Benioff discussed women's pay with Trump at White House meeting", "National Academy of Engineering Elects 86 Members and 18 Foreign Members", "Winners see business as a tool for change", "Salesforce CEO Marc Benioff: The big giver", "No. [15] Prior to founding Salesforce, Benioff was at Oracle for 13 years in a variety of executive positions in sales, marketing, and product development. Benioff is a Chairman of Salesforce.com Foundation, a charity established in 2000, and created the 1-1-1 model of integrated corporate philanthropy, by which companies contribute 1 percent of, Benioff and his wife Lynne have been recognized as top philanthropists by Forbes' America's 50 Top Giver list in 2015. Salesforce Founder Marc Benioff Blasts San Francisco Billionaires for Not Helping the Homeless ... including Jack Dorsey, co-founder and CEO of Twitter and founder and CEO of Square. Credit Benioff for having a longer term vision. In April 2015, Benioff announced that he would be reviewing all salaries at Salesforce to ensure men and women were being paid equally for comparable work. A row by Forbes Magazine Singh sees a bid of more than $ 25 billion as feasible, then that! 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