![]() A second activist investor, Elliott Management, bought a stake in Salesforce. He was chastised on social media for handling the cuts poorly. ![]() Benioff’s repeated declarations that the company was one big family. Last month, Salesforce said it would lay off 10 percent of its staff, a decision that seemed to go against Mr. Benioff’s 24-year reign at the company in doubt. ![]() He was the second co-chief executive to do so, leaving the question of succession to Mr. Benioff’s co-chief executive, Bret Taylor, abruptly departed after only a year in the job. An activist investor, Starboard Value, bought a stake, never good news for management.
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