REUTERS/Mike Blake
- Salesforce reported strong results, a huge new share buyback plan, and concessions for activist investors.
- That wasn't enough for Elliott Management, one of the most feared activist hedge funds.
- Benioff will have to fix Salesforce's succession crisis to appease activist investors.
Marc Benioff remains in the icy embrace of the world's most feared activist investor.
Salesforce reported strong results on Wednesday, announced an extra $10 billion in share buybacks, and scrapped its M&A committee, signalling no more big, pricey acquisitions.