The White House is at odds with business leaders over share repurchase programs. DealBook digs into the numbers to see who’s gaining from the practice.
Category: Salesforce.com Inc
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Demystifying the Trillion Dollar Debate Over Share Buybacks
The New York Times – Business: -
Salesforce Faces Mounting Investor Pressure As Profits Sag
The New York Times – Business:The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks.
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Happiness or Success? Salesforce’s Marc Benioff Doesn’t Want to Choose.
The New York Times – Business:The chief executive, under pressure from activist investors, seeks to do well and do good — but his options are narrowing.
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A Short Seller, Hindenburg Research, Bets Against Adani Group
The New York Times – Business:Hindenburg Research accused the Adani Group of orchestrating the “largest con in corporate history,” sending shares of its companies tumbling on Wednesday.
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Senators Will Prod Live Nation and Ticketmaster on Antitrust
The New York Times – Business:The company’s grip on ticket sales, and its move last year to cancel sales for Taylor Swift’s upcoming tour, will be a big focus of an antitrust-focused hearing.
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Elliott Management, Activist Investor, Buys a Stake in Salesforce
The New York Times – Business:Elliott Management, the $55 billion hedge fund, has taken a big stake in the struggling tech giant, putting more pressure on its co-founder, Marc Benioff.
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Kevin McCarthy’s Business Ties Complicate His Rise to Power
The New York Times – Business:To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes.
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Amazon Expands Corporate Layoffs to 18,000 Jobs
The New York Times – Business:The layoffs will focus on human resources and its retail division, Amazon’s chief executive said in an email to employees.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The New York Times – Business:The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The New York Times – Business:The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
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How Biden’s Climate Push Could Spur a Trade War With Europe
The New York Times – Business:The European Union is crying foul over the Inflation Reduction Act, saying the billions in climate subsidies it offers create a trade imbalance.