Salesforce CEO Marc Benioff attends the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images Salesforce investors voted against the company’s compensation plan for top executives, after shareholder advisory groups raised concerns about equity awards granted to CEO Marc Benioff. According to a regulatory filing on Monday, … Read more
Chris Marchese (L), director of the NetChoice Litigation Center, looks on as Matt Schruers (C), president and CEO of the Computer & Communications Industry Association, speaks to reporters outside of the U.S. Supreme Court in Washington, D.C., on Feb. 26, 2024. Andrew Caballero-Reynolds | AFP | Getty Images The Supreme Court on Monday wiped existing … Read more
Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services. Starting July 1, startups that have raised a Series A round of funding in the past year will be eligible for $200,000 in credits … Read more
As design firm Figma rolls out its first major AI upgrade for its platform, CEO and co-founder Dylan Field is taking no chances with customers amid steep AI adoption and demand curves and consumer hype. Figma is paying the cost of the AI upgrade for now instead of attempting to charge customers. “We’re gonna eat … Read more
Starboard Value LP CEO Jeff Smith speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, May 14, 2014. Jacob Kepler | Bloomberg | Getty Images Activist investor Starboard Value on Tuesday sent a letter to Autodesk’s board, demanding that the company explain to shareholders who and what was behind an internal financial probe that … Read more
Oracle CEO Safra Catz, center, departs following a meeting on Capitol Hill in Washington on June 18, 2024. Chief executives from major companies including Palantir Technologies and Oracle Corp. met with senators at the Capitol Tuesday to press for US support of Israel amid its invasion of Gaza, while seeking a way to release hostages … Read more
Autodesk president and CEO Andrew Anagnost. Autodesk Starboard Value sued software maker Autodesk on Monday to delay the company’s annual meeting and reopen the board nominating window and allow the activist to mount a proxy fight. Activists can typically only begin a proxy fight, involving the nomination of a slate of directors to replace the existing board, if … Read more
Shantanu Narayen, CEO of Adobe being interviewed by Jim Cramer Linda Dimyan | CNBC Adobe shares jumped 15% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $4.48 adjusted, vs. $4.39 expected Revenue: $5.31 … Read more
Satya Nadella, CEO of Microsoft, arrives at federal court in Washington, D.C., on Monday, Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft will evaluate its employees’ cybersecurity contributions in reviews that will factor into their compensation, Brad Smith, the company’s vice chair and president, said ahead of a Thursday U.S. House committee … Read more
Ali Ghodsi, co-founder and CEO of Databricks, speaks at a press conference at Databricks’ Data and AI Summit in San Francisco on June 12, 2024. Jordan Novet | CNBC Databricks, the data analytics software vendor that’s among the most richly valued private U.S. tech companies, told investors on Wednesday that annualized revenue will reach $2.4 … Read more
