Elliott Management has scrapped plans to nominate directors to the board of Salesforce after the software group delivered a better than expected earnings report in March and promised to focus on profits.
In a joint statement released on Monday, Elliott said it would not nominate rival directors to the Salesforce board at its upcoming annual meeting since it had put a “clear focus on value creation”.
Jesse Cohn, managing partner of Elliott, said he was “deeply impressed” by…
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