Shareholders Reject Pay Package for Salesforce CEO Marc Benioff and Top Executives

Tuesday, 2 July 2024, 08:37
The annual shareholder meeting saw a significant rejection of the compensation plan for Salesforce CEO Marc Benioff and top executives. Out of the total votes cast, 404.8 million were against the proposed pay package, as disclosed in an exchange filing, while 339.3 million votes were in favor, sparking discussions on executive compensation practices.
Seeking Alpha
Shareholders Reject Pay Package for Salesforce CEO Marc Benioff and Top Executives

Shareholder Rejection

The annual meeting of Salesforce shareholders witnessed a notable outcome in the voting results related to the compensation package for CEO Marc Benioff and top executives.

Voting Breakdown

  • Against: 404.8 million votes
  • In Favor: 339.3 million votes

Implications

The rejection has raised questions about executive compensation practices and governance strategies within the company.

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