: Elliott backs down on plan to nominate rival Salesforce board candidates
Elliott Investment Management no longer intends to nominate a rival slate of directors to Salesforce Inc.’s CRM board, according to a new statement Monday. “In light of the company’s previously announced ‘New Day’ multi-year profitable growth framework, strong fiscal year 2023 results, fiscal year 2024 transformation initiatives, board and management actions and clear focus on value creation, Elliott decided not to proceed with director nominations, and Salesforce and Elliott have committed to continue the productive working relationship they have developed together,” Elliott and Salesforce said in a Monday morning joint release. Salesforce attracted attention from numerous activists earlier this year, though the software giant has since made profitability more of a focus.
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