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Billionaire Marc Benioff Dodges a Bullet as Activist Investor Relents

TRUCE

The hyper-aggressive activist investor Elliott Management will no longer try to nominate directors to the Salesforce board.

Marc Benioff
Denis Balibouse/Reuters

Salesforce billionaire Marc Benioff dodged a bullet on Monday, as the hyper-aggressive activist investor Elliott Management announced that it would no longer try to nominate members to the company’s board, helping stave off a potentially ugly battle.

Elliott recently invested billions of dollars in the software company, suggesting that it intended...

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