Activist Elliott to nominate directors at Salesforce -sources

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Activist Elliott to nominate directors at Salesforce -sources - Channel News Asia

Quick Summary:

NEW YORK : Elliott Management Corp, the activist investment firm that recently made a multimillion-dollar investment in Salesforce, plans to nominate several director candidates at the cloud-based software company, people familiar with the matter said on Thursday.

The decision to prepare a slate of candidates who can be nominated between February 12 and March 14, could signal a change of direction at Elliott.

Investors have also pushed Salesforce to increase profits, buy back more shares, and raised some concerns about recent acquisitions.Pressed for time?