Salesforce shareholders reject CEO compensation plan, causing 16% drop in share price

From Investing.com: 2024-07-01 20:16:03

Salesforce shareholders reject CEO compensation plan, with 339.3 million votes in favor and 404.8 million against. CEO Marc Benioff’s total compensation for 2024 was $39.6 million, up from $29.9 million the previous year. Forecasted second-quarter profit and revenue falls short, leading to a 16% drop in share price post-announcement. Advisory firms Glass Lewis and ISS advised against the measure.



Read more at Investing.com: Salesforce shareholders reject compensation plan for CEO, other top executives By Reuters