Elliott Management notified Salesforce within the last few weeks that it is officially running a slate of directors to replace existing board members, according to a person familiar with the matter.
to show that it's committed to a turnaround and pushing forward major changes to improve its performance, or risk a board shakeup.: The size and makeup of Elliott's slate remains unclear.
said that the size likely was two to three director nominees, and that Elliott Managing Partner Jesse Cohn was one of the candidates.If Elliott proceeds with a proxy fight and wins board seats, that would be the biggest threat to Salesforce CEO and co-founder Marc Benioff's leadership to date.: Pressure on Benioff and the company could be dramatically reduced if it produces strong earnings today and lays out specific, strategic goals that placate Elliott.
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