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☆ Slack names longtime Salesforce executive Denise Dresser as new CEO
▼ + stars: | 2023-11-13 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Denise Dresser, a longtime Salesforce exec, will become the new CEO of Slack. AdvertisementAdvertisementSalesforce CEO Marc Benioff said Monday that Slack had named Denise Dresser as its next chief executive. Dresser, who has worked for Salesforce for 12 years, is president of accelerated industries at Salesforce. Salesforce said in August that its chief people officer, Brent Hyder, would leave to "pursue a new opportunity." To contact Ellen Thomas with insight or information about Slack or Salesforce, reach out at ethomas@insider.com or call/text (646) 847-9416 using the encrypted-messaging app Signal.

Persons: Denise Dresser, Slack, Lidiane Jones, Marc Benioff, —, She'll, who's, Dresser, Denise, Benioff, Jones, Whitney Wolfe, Stewart Butterfield, Bret Taylor, Mark Nelson, Gavin Patterson, Ebony Beckwith, Salesforce, Brent Hyder, Salesforce's, Vikram Rao, Ariel Kelman, Oracle's, Ellen Thomas Organizations: Bumble Inc, Service, Salesforce, Elliott Management Locations: Salesforce

☆ Salesforce isn't planning another 'major' round of layoffs and is hiring for critical roles, it says
▼ + stars: | 2023-09-01 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

CEO Marc Benioff says he's got no plans for another big round of cuts and hopes layoffs are done. So on this week's call, Benioff took time to thank and wax poetic on all the former Salesforce employees who returned to work at the company during its turnaround effort. Former chief business officer Ebony Beckwith, a longtime executive who led the company's philanthropic foundation, quietly exited Salesforce in June. "We're ramping up hiring for critical roles," a spokesperson for Salesforce wrote to Insider via email when asked for clarification on Benioff's comments. At the same time, if former and current Salesforce employees are feeling whiplashed — told to leave and then told to come back — it's because the message coming from the top is mixed.

Persons: Marc Benioff, he's, Salesforce, Benioff, we've, It's, Ariel Kelman, Benioff's, Bret Taylor, Slack, Stewart Butterfield, Mark Nelson, Brent Hyder, Ebony Beckwith, Salespeople, Karl Keirstad, we're, whiplashed —, Ellen Thomas Organizations: Oracle, UBS, ethomas Locations: Salesforce

☆ Power struggle: Extreme heat puts strain on electric grid operators
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPower struggle: Extreme heat puts strain on electric grid operatorsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Mark Nelson, managing director of Radiant Energy Fund, discusses America's power grid being tested by record temperatures.

Persons: Brian Sullivan, “, Mark Nelson Organizations: CNBC, Radiant Energy

☆ Salesforce insiders say that by wooing back former execs, Marc Benioff may finally feel comfortable enough to loosen his grip
▼ + stars: | 2023-06-12 | by ( Julie Bort | ) www.businessinsider.com time to read: +5 min

Salesforce CEO Marc Benioff has been wooing back former executives for years. Insiders say that those that know Benioff best may get him to loosen his grip. Salesforce founder and CEO Marc Benioff has spent years wooing former executives back to the company. Benioff has surrounded himself with people "that know how Salesforce works and know how Benioff works" one former exec explained. With all of that new blood from aquisitions washed away, Benioff seems to think Salesforce can move forward by going back.

Persons: Marc Benioff, Brian Millham, Millham, Salesforce, Benioff, he's, Miguel Milano, Ariel Kelman, Kendall Collins, Steve Fisher, Dave Moellenhoff, Jim Steele, Clara Shih, Marc, —, Larry Ellison, Benioff's, Keith Block, Bret Taylor, Slack, Stewart Butterfield, Mark Nelson, Julie Bort Organizations: Oracle, Twitter Locations: Salesforce

☆ Benioff vs. Benioff
▼ + stars: | 2023-04-28 | by ( Ashley Stewart | Ellen Thomas | ) www.businessinsider.com time to read: +29 min

Within Salesforce, Benioff riffs are at times met with backlash from an angry workforce. "You're not going to fire your family during times of need," a former Salesforce executive told Insider. "I don't think they understand Ohana," Benioff told Insider. "Look, we have to be the example of stakeholder capitalism," Benioff told Insider. A 'New Day' at Salesforce"I use the Japanese principle of shoshin, beginner's mind," Benioff told Insider in a phone interview in March.

☆ We are the second-largest biodiesel producer in the U.S., says Chevron's Mark Nelson
▼ + stars: | 2023-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are the second-largest biodiesel producer in the U.S., says Chevron's Mark NelsonBrian Sullivan sits down with Mark Nelson, Chevron vice chair and EVP for strategy, policy and development at S&P Global's CERAWEEK conference in Houston to talk about low carbon investment, California's planned gas car sales ban and China's impact on oil demand.

☆ Premarket stocks: Meme stocks have revolutionized investor days
▼ + stars: | 2023-03-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

But they’re also bowing to pressure from retail investors to be more transparent. What’s happening: Investor days evolved from analyst days — meetings that large, public companies historically held privately for their core institutional investors and Wall Street analysts. But the recent influx of retail investors into the stock market has changed that. “A lot of these companies know they need to focus on retail investors now,” said Katie Perry, general manager of investor relations at investing platform Public. ▸ Tesla’s first-ever investor day will be live-streamed Wednesday from its Gigafactory in Austin, Texas.

☆ There are growing expectations that Salesforce is readying a succession plan to appease activist investors. 'There's not a lot of people sitting on the bench,' one analyst said.
▼ + stars: | 2023-03-01 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com time to read: +8 min

Analyst said any succession plan would be about giving investors "comfort" about the future. Company insiders, former employees and Wall Street analysts increasingly expect Salesforce to put a succession plan in place soon. 'If he's willing to work with the activists, then he can stay CEO'Analysts think that if a succession plan is announced soon, it won't include Benioff's immediate exit. "Benioff is Salesforce and Salesforce is Benioff," said Dan Ives, an analyst at Wedbush Securities. Bret Taylor, former Salesforce executive SalesforceTaylor's departure in late November left Salesforce with a limited bench of potential successors.

☆ Drought threatens U.S. wheat production despite acreage bump
▼ + stars: | 2023-02-02 | by ( Julie Ingwersen | ) www.reuters.com time to read: +5 min

[1/2] Mark Nelson, a scout on the Wheat Quality Council's Kansas wheat tour, checks a winter wheat field north of Minneapolis, Kansas, U.S., May 17, 2022. 3 winter wheat producer last year. Winter wheat typically represents about two-thirds of U.S. production, with the remainder planted in the spring, and the U.S. has lost market share to other wheat exporters, including Russia, in recent years. U.S. soft red wheat acres rose by 20% year-on-year and planting jumped by 45% in Illinois, the No. 8 U.S. winter wheat state by acreage.

☆ Salesforce managers were blindsided by news of layoffs, insiders say
▼ + stars: | 2023-01-04 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Some senior managers learned of the cuts at the same time as rank-and-file staffers. Some Salesforce managers, even those with senior titles, were blindsided by the company's layoff plans when they commenced on Wednesday, according to internal Slack messages viewed by Insider. Slack messages viewed by Insider were sent by managers ranging from senior manager to vice president level. Salesforce laid off around 1,000 employees this week in an initial round of job cuts, insiders say. Insider reported in December that some Salesforce managers were being asked to identify their bottom 10% of performers.

☆ In a leaked all-hands recording, Salesforce CEO Marc Benioff discussed executive departures and vowed again to try and win them back
▼ + stars: | 2022-12-12 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Salesforce is experiencing an executive exodus as co-CEO Bret Taylor and others resign. Marc Benioff addressed the exits in the company's latest all-hands, vowing to recruit them back. Salesforce cofounder and CEO Marc Benioff addressed the company's recent executive exodus during a company all-hands last week, according to a recording viewed by Insider. Taylor's plans to leave the company became public Nov. 30 — exactly one year after taking over as co-CEO alongside Benioff. At the all-hands, Benioff put a cheerful spin on the exodus, emphasizing yet again plans to pursue those who have left.

On the agenda today:But first: Ashley Stewart, a chief tech correspondent, is giving us a behind-the-scenes look at Salesforce's succession crisis. Salesforce's Marc Benioff. Jemal Countess / StringerOver the past week or so, at least six top executives from Salesforce and its subsidiaries announced plans to leave, Ashley Stewart, chief tech correspondent, writes. Company insiders attribute these departures to co-CEO Marc Benioff exerting increasing control over the company, adding that he's driven away his closest lieutenants while dialing up performance pressure on employees. The departures have created a crisis in leadership at Salesforce.

☆ 'People come and people go,' says a defiant Benioff. And we're sticking with the Salesforce CEO despite the smoke
▼ + stars: | 2022-12-08 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

In a CNBC interview Thursday, Jim Cramer pressed Salesforce co-founder and veteran leader Marc Benioff on the recently announced departure of his co-CEO , Bret Taylor. Taylor will step down as his co-CEO at the end of January , at which point Benioff will resume his prior role as sole chief executive. For his part, Jim said he was satisfied with Benioff's responses, while reiterating the Club's continued backing of the stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Salesforce cofounder and co-CEO Marc Benioff speaks during the grand opening of the Salesforce Tower, the tallest building in San Francisco, Calif., Tuesday, May 22, 2018.

☆ Elon Musk is bringing in new faces for Twitter 2.0 — including his cousins and Bari Weiss
▼ + stars: | 2022-12-08 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

The makeup of Elon Musk's Twitter is changing, and not just because the offices are now bedrooms. With the majority of the company's former staff having been laid off — or fired, or resigned — Musk has brought in some of his own picks to work at Twitter 2.0. There's more on the new faces at Musk's social media company below, so let's get to it. Elon Musk is bringing in new faces for Twitter 2.0. And these aren't the only new faces at Twitter — hundreds of people have applied for a chance to work at Musk's new company.

☆ Salesforce has a succession crisis. Cofounder Marc Benioff is taking increasing control over the company — alienating his top lieutenants and dialing up pressure on employees.
▼ + stars: | 2022-12-07 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +9 min

Salesforce insiders attribute these departures to Marc Benioff's response to recent economic headwinds. Last week, Salesforce revealed heir apparent Bret Taylor's plans to leave the company — exactly one year after taking over as co-CEO alongside Benioff. Lately, employees said, Benioff has turned those meetings into a tribunal for his sales executives. While the pandemic was a boon for the company, Salesforce has since trimmed its annual revenue projections to roughly $30 billion down from the roughly $31 billion in May. Salesforce's co-CEO model has failedAs Benioff puts pressure on sales executives, people close to him said he's exerting increasing control over C-Suite executives.

☆ Salesforce is losing the key execs behind some of its biggest and most expensive bets at a critical moment
▼ + stars: | 2022-12-06 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Slack CEO Stewart Butterfield is also departing, along with some other product-focused execs. The departing execs championed Salesforce's product strategyThe departures of Taylor, Butterfield, and Nelson come as Salesforce's strategy comes under the microscope on Wall Street. With Slack and Tableau, Salesforce already had a lot to prove. Salesforce has already said that Lidiane Jones, an executive VP, will take over for Butterfield as Slack CEO. What it does mean, however, is that Salesforce, Slack, and Tableau are all losing the biggest champions of the integrated product strategy right as the company faces hard questions.

☆ Salesforce drops 6% after Slack CEO Stewart Butterfield becomes 3rd high-profile management departure in less than a week
▼ + stars: | 2022-12-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Salesforce fell 6% on Monday after Insider reported that executive Steward Butterfield is departing the company. Butterfield's exit from Slack marks the third high-profile executive departure in less than a week. Butterfield is the co-founder and current CEO of the popular workplace messaging platform Slack, which Salesforce acquired for about $28 billion in 2021. The imminent departure of Butterfield is concerning to Salesforce investors because it marks the third high-profile executive departure in less than a week. Butterfield said in an internal Slack message viewed by Insider that his departure has nothing to do with the departure of Bret.

On Monday, the company announced the departure of Slack CEO Stewart Butterfield, who joined Salesforce last year as part of its biggest acquisition ever. Taylor, who joined Salesforce in 2016 through the acquisition of his startup Quip, said he'd "decided to return to my entrepreneurial roots." While Taylor and Butterfield are the highest-profile exits, they're far from alone among Salesforce's executive ranks. Noah Weiss, senior vice president of product at Slack, will succeed Yehoshua, Butterfield said in a Slack message. Butterfield is being succeeded by Lidiane Jones, an executive vice president at Salesforce who joined in 2019.

☆ Salesforce loses another top executive a day after Bret Taylor's departure as Tableau CEO quietly exits. Here are the top execs who left the company recently.
▼ + stars: | 2022-12-01 | by ( Ashley Stewart | Matt Lynley | ) www.businessinsider.com time to read: +2 min

Tableau CEO Mark Nelson is leaving the Salesforce-owned software company. The news came the day after Salesforce announced co-CEO Bret Taylor's resignation. Here's a list of top Salesforce execs who left the company recently. "Today marks my last day Tableau after an amazing 4 ½ years," Nelson wrote on Twitter. Here are some of the top executives who left Salesforce in the past year:Are you a Salesforce employee or do you have insight to share?

☆ Marc Benioff's 2023 to-do list after his co-CEO's shocking departure
▼ + stars: | 2022-12-01 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Salesforce is seeing it's co-CEO Bret Taylor depart and facing slowing revenue growth. While earnings beat analyst expectations, it also revealed the slowest revenue growth in the past two years, at 14%. Figure out the future of SlackTaylor's departure also raises questions about Slack, since Taylor spearheaded the $27.7 billion acquisition in 2020. Figure out how to jump-start revenue and land big customersWhile it wasn't a huge shock given the overall economic environment, Salesforce's slowed revenue growth is worrying. Secondly, as part of its larger platform strategy, Salesforce has been going after larger customers and looking to land deals for multiple Salesforce products versus just one or two.

☆ Beyond Meat suspends COO after arrest for allegedly biting man's nose
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA guest wears a hat during the Beyond Meat IPO at the Nasdaq Market site in New York, U.S., May 2, 2019. REUTERS/Brendan McDermidSept 20 (Reuters) - Beyond Meat Inc's (BYND.O) Chief Operating Officer Doug Ramsey has been suspended effective immediately, the company said on Tuesday, following reports of the executive's arrest for allegedly biting a man's nose during an altercation. The plant-based meat producer said the operations activities will be overseen on an interim basis by Jonathan Nelson, senior vice president of manufacturing operations. Register now for FREE unlimited access to Reuters.com RegisterRamsey was detained on Saturday on charges of third-degree battery and for threatening, according to court records. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ The world is staring down a brutal winter of soaring energy prices, rolling blackouts, and freezing homes. But there's a clear solution to the crisis — if we aren't too scared to use it.
▼ + stars: | 2022-09-20 | by ( Kartik Menon | ) www.businessinsider.com time to read: +11 min

Confronted with energy shortfalls into the colder months and years of potential energy uncertainty, one solution has gained traction around the globe: nuclear energy. Many nations, including the United Kingdom, Netherlands, France, and Japan, have begun or reconsidered massive sovereign investment into nuclear power. Reliable, low-cost, and carbon-free, nuclear energy allows these nations to arrest the economic decline from higher energy prices and make progress toward net-zero goals. Compared to other sources of energy, nuclear power is relatively safe — the number of deaths per terawatt hour produced is comparable to wind and solar energy. These are encouraging steps toward getting the West off of Russian energy and helping consumers weather the tough times ahead.

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