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10 things in tech you need to know today

Good morning! This is the tech news you need to know this Thursday. The head of SoftBank's $100 billion Vision Fund reportedly tried to lure another company executive into a sexual "honey trap" to collect blackmail and secure his rise to CEO. A Wall Street Journal report said Rajeev Misra had a "dark-arts campaign" to sabotage two other SoftBank executives in the years leading up to his promotion to CEO of SoftBank's investing arm in 2017 — but Misra and SoftBank deny the report. Microsoft sai...
Tags: Apple, Facebook, Microsoft, Etsy, China, Softbank, US, Trends, Nasa, Netflix, Salesforce, Wall Street Journal, Amazon Echo, Rian Johnson, Alexa, Marc Benioff


A Wall Street analyst predicts that former Salesforce co-CEO Keith Block could end up at Workday, Amazon Web Services, or Oracle (ORCL, CRM)

Salesforce co-CEO Keith Block is leaving the company, after just a year and half after ascending to the role. Analysts at RBC Capital Markets think Workday, Oracle or Amazon Web Services could be logical places for Block to end up — though they say that he's unlikely to make any such move for the next year or so. Oracle might be an unlikely choice: Salesforce CEO Marc Benioff gave Block a warm send-off — the kind of fond farewell he would be unlikely to give, were Block headed to Oracle, Sales...
Tags: Amazon, Microsoft, Satya Nadella, Trends, ERP, Larry Ellison, Aws, Salesforce, North America, Oracle, Amazon Web Services, Marc Benioff, Block, Rbc, Keith, RBC Capital Markets


Marc Benioff says that coronavirus won't have a major impact on Salesforce's business because the company was built to withstand recessions and downturns (CRM)

CEO Marc Benioff said on an call with analysts Tuesday that he doesn't expect Salesforce's business to be affected by coronavirus. While Salesforce is watching what's happening with the coronavirus around the world, he and cofounder Parker Harris built a company that is able to withstand recessions and these kinds of crises, he said. Many of Salesforce's customers have signed long, multi-year contracts with the software maker, so the company is able to predict its revenue and growth far enough...
Tags: Facebook, Microsoft, Australia, China, Trends, Asia Pacific, Salesforce, Marc Benioff, Benioff, Parker Harris, Salesforce Parker


Keith Block may have been the co-CEO of Salesforce, but he never got paid as much as fellow CEO Marc Benioff (CRM)

Keith's Block exit from Salesforce, 18 months after he was promoted to co-CEO, was a shocker.  Marc Benioff even wrote about his decision to promote Block to co-CEO in his recently released book "Trailblazer," saying he needed a partner who reported to the board and not to him. But in practice, Benioff still held the power in the company, and remains chairman of the board. And one indication of the unequal power can be seen in the pay between the two executives: While Block received a handsome...
Tags: Trends, Hawaii, Gavin Patterson, Salesforce, Taylor, Google Photos, Marc Benioff, Block, Keith, HARRIS, Keith Block, Benioff, Julie Bort, Bret Taylor, Financial Services Cloud, Adam Selipsky


Salesforce CEO Marc Benioff says that its $1 billion acquisition of startup Vlocity will help it pursue a sales strategy championed by outgoing co-CEO Keith Block

On Tuesday, Salesforce said it had acquired Vlocity, a startup that makes cloud and mobile software tailored to specific industries, for $1.33 billion. The news came the same day it announced co-CEO Keith Block was leaving the company. The acquisition of Vlocity will help Salesforce continue a sales strategy that focused on selling to specific industries, like finance, healthcare, and government — a strategy that Block first spearheaded. On a call with analysts after the earnings, Benioff said...
Tags: Trends, Salesforce, Marc Benioff, Block, Keith, William Blair, Baird, Bhatia, Keith Block, Benioff, Financial Services Cloud, Vlocity, Salesforce Industries, Rebecca Wetteman, Arjun Bhatia, Valoir


As Block exits, Salesforce forecasts it will surpass $20B in revenue in FY2021

When Keith Block joined Salesforce from Oracle in 2013, the CRM giant was already a successful SaaS vendor on a billion dollar quarterly revenue cadence. When the co-CEO announced he was stepping down yesterday, the company reported revenue of $4.9 billion for the quarter. During his tenure, the company’s revenue more than quadrupled, earning an impressive $17.1 billion last year, and as Block announced at the earnings call, the company he was leaving was forecasting revenue of $21 billion...
Tags: TC, Cloud, Enterprise, Tech, SaaS, Earnings, Salesforce, Marc Benioff, Dreamforce, Block, Keith, EMEA, Wang, APAC, Mulesoft, Keith Block


From Salesforce to Disney, it's hard for some CEOs to say goodbye

Welcome to this week's edition of Trending, the newsletter where we highlight BI Prime's biggest tech stories. I'm Alexei Oreskovic, Business Insider's West Coast bureau chief and global tech editor. If this is your first time here, this is how you can get Trending in your inbox every week. This week: From the tower of Salesforce to the kingdom of magic, change is in the air Did someone make Tuesday the official day of CEO goodbyes? Within the span of minutes after the markets closed on Tuesda...
Tags: Amazon, New York, Microsoft, Satya Nadella, Disney, Trends, Linkedin, Tech, Walmart, Chicago, Bill Gates, Larry Ellison, Michael Dell, Dell, Iger, WeWork


Daily Crunch: Disney CEO Bob Iger steps down

Yesterday was a big day for executive moves, with Bob Iger stepping down as Disney CEO and Keith Block stepping down as Salesforce co-CEO. Meanwhile, Facebook has acquired another VR game studio and the owner of The Players’ Tribune has raised more funding. Here’s your Daily Crunch for February 26, 2020. 1. Disney CEO Bob Iger immediately steps down from CEO position The Walt Disney Company announced yesterday that Robert Iger, the company’s long-time CEO who ushered in the company’s lush fra...
Tags: Facebook, Media, Entertainment, Southeast Asia, Singapore, Disney, Tech, Canada, Iger, Bob, Salesforce, Vietnam, Twilio, Marc Benioff, The Walt Disney Company, The Walt Disney Co


The head of Salesforce's international business is joining hot AI startup Celonis, amid a bigger shakeup at the cloud software giant (CRM)

Salesforce, which just announced the departure of co-CEO Keith Block, is losing another key executive: Miguel Milano, president of the cloud giant's international business. Milano will join Celonis as the hot AI startup's first chief revenue officer. Milano is also now an owner of the startup which uses AI to evaluate and streamline business operations. Milano, who joined Salesforce in 2011, spearheaded the expansion of Salesforce's international reach. He also served as a top sales exec at Or...
Tags: Europe, Taylor Swift, Africa, US, Trends, Asia Pacific, Gavin Patterson, Salesforce, Oracle, Accel, Marc Benioff, Milano, Europe Middle East, Milano Milano, Keith Block, Salesforce Salesforce


A serial founder who's previously nabbed backing from Mark Benioff and Michael Jordan explains why he's jumping into the world of bathroom remodeling with his latest startup

Roger Dickey has previously started three other startups and invested in more than 60. His latest venture? Remodeling bathrooms.  Made Renovations designs bathrooms, purchases the building equipment, and then coordinates with contractors to complete the renovation.  The company has come out of stealth round with a $9 million seed round led by Base10 Partners, with funding from from Felicis Ventures and Peter Thiel's Founders Fund. The company has also launched a San Francisco showroom.  Visit ...
Tags: Facebook, US, San Francisco, Trends, Zynga, Michael Jordan, Peter Thiel, Silicon Valley, WeWork, Ashton Kutcher, East Bay, Gigster, Felicis Ventures, Marc Benioff, Mark Benioff, Dickey


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Wednesday. . A spokesperson told Business Insider that Facebook will also take down ads which try to create a "sense of urgency" around the outbreak. Salesforce co-CEO Keith Block has stepped down from his role as co-CEO. Marc Benioff will again be the company's sole CEO, while Block will stay on as an adviser to him through February 25, 2021. Amazon is reportedly deleting some third-party listings that jack up surgical mask prices as ...
Tags: Google, Amazon, Facebook, US, Trends, Tesla, Airbnb, Louisiana, Foxconn, Expedia, Alexa, Marc Benioff, Block, National Transportation Safety Board, Amazon Alexa, Keith Block


The sudden departure of Salesforce co-CEO Keith Block shows how Marc Benioff is preparing a new generation of talent to take the reins at the cloud giant

Salesforce co-CEO Keith Block has stepped down from his role, less than 2 years after he first ascended to the role in the summer of 2018. Analysts say that it was always a strange choice for Salesforce to have a co-CEO: While they respect Block's success at the company, experts say that his lofty title didn't necessarily give him more power over the company than founder and CEO Marc Benioff, known for doing things his own way. Block's departure could clear the deck for a new generation of lea...
Tags: Google, Bt, US, NFL, Trends, David, Gavin Patterson, Salesforce, Taylor, Oracle, Amazon Web Services, Cto, Oliver, Marc Benioff, Business Insider, Block


The sudden departure of Salesforce co-CEO Keith Block could show how Marc Benioff is preparing a new generation of talent to take the reins at the cloud giant

Salesforce co-CEO Keith Block has stepped down from his role, less than 2 years after he first ascended to the role in the summer of 2018. Analysts say that it was always a strange choice for Salesforce to have a co-CEO: While they respect Block's success at the company, experts say that his lofty title didn't necessarily give him more power over the company than founder and CEO Marc Benioff, known for doing things his own way. Block's departure could clear the deck for a new generation of lea...
Tags: Google, Bt, US, Trends, David, Gavin Patterson, Salesforce, Taylor, Oracle, Amazon Web Services, Cto, Oliver, Marc Benioff, Business Insider, Block, Tableau


Marc Benioff sole CEO of Salesforce after Keith Block steps down

Block was widely seen as a potential successor to Benioff, who founded the company in 1999, and will continue as the chairman.
Tags: Finance, Article, Marc Benioff, Reuters, FBN, Keith Block, Benioff, Fbn/markets, Fox-business/business-leaders, 25298a99-c785-5d38-8692-c18c6b827e36


The rise of Marc Benioff, the bombastic owner of Time Magazine who just became Salesforce's sole CEO, has an $8 billion fortune, and owns a 5-acre compound in Hawaii (CRM)

Salesforce co-CEO Keith Block is stepping down, leaving Marc Benioff as the cloud software giant's sole chief executive. Benioff worked at Oracle for 13 years before leaving the company to work on Salesforce full time. Benioff has a net worth of $7.85 billion, Bloomberg estimates. Benioff got his first job at a jewelry store to save up for his first computer, but he was eventually fired for cleaning the floors with the wrong soap. Visit Business Insider's homepage for more stories. Marc Benio...
Tags: Apple, Japan, Steve Jobs, India, Global, US, America, San Francisco, Trends, Georgia, Bloomberg, Indiana, Hawaii, House Of Representatives, Larry Ellison, Sydney


We did the math to calculate how many hours it took Bob Iger to make what his workers earned in one year when he ran Disney

Disney CEO Bob Iger just stepped down, and while it's not surprising that CEOs like him make a lot more money than their employees, the massive extent of that pay gap can sometimes be overlooked. US companies are required to publish their chief executives' annual compensation, as well as the ratio of that compensation to the annual pay of the company's median employee. Using those ratios, we calculated how long it took CEOs at 19 of the biggest companies in the US to make what at typical emplo...
Tags: Apple, Microsoft, India, Satya Nadella, Disney, US, America, Trends, Nike, Walmart, Tim Cook, Nvidia, SEC, Starbucks, Estee Lauder, Iger


Salesforce co-CEO Keith Block steps down, with cofounder Marc Benioff returning to sole CEO role (CRM)

Salesforce co-CEO Keith Block has stepped down from his role as co-CEO, about a year and a half after taking the role in 2018.  Marc Benioff will again take on the role of the company's sole CEO, while Block will remain an advisor to him through this date in 2021. His departure comes as a surprise, as many industry watchers saw him as a potential successor to Benioff one day. The announcement comes as Salesforce released quarterly earnings that beat Wall Street estimates. The stock fell some 2...
Tags: Wall Street, Trends, Salesforce, Marc Benioff, Block, GAAP, Marc, Keith Block, Benioff, Marketing Cloud, Salesforce Block


Salesforce co-CEO Keith Block steps down

Salesforce today announced that Keith Block, the company’s co-CEO, is stepping down. This leaves company founder Marc Benioff as the sole CEO and chair of the CRM juggernaut. Block’s bio has already been wiped from Salesforce’s leadership page. Block stepped into the co-CEO role in 2018, after a long career at the company that saw him become vice chairman, president and director before he took this position. Block spent the early years of his career at Oracle . He left there in 2012 after t...
Tags: TC, Business, Enterprise, Boston, Tech, Gavin Patterson, Salesforce, Oracle, Advisor, CRM, Marc Benioff, Oracle Corporation, BT Group, Marc, Keith Block, Benioff


Departing Salesforce co-CEO Keith Block first came to the cloud software giant after a sudden departure at Oracle (CRM, ORCL)

Keith Block, the departing co-CEO of Salesforce, first joined the company in 2013 after a sudden and unexpected departure from Oracle.  Block had been a respected sales executive at Oracle before clashing with the late Mark Hurd, who had been co-president, when Block led the tech giant's North America sales organization. Their feud turned nasty public after Block's text messages denigrating Hurd became public. In one message to a colleague, Block called Hurd "lots of noise, not much results." ...
Tags: Trends, Salesforce, North America, Oracle, Idc, Marc Benioff, Sun Microsystems, Block, Marc, Hurd, Keith Block, Benioff, Salesforce Salesforce, Safra Catz, Mark Hurd, Oracle Salesforce


Departing Salesforce co-CEO Keith Block is known as a 'strong operator' who also made a sudden exit at Oracle (CRM, ORCL)

Keith Block, the departing co-CEO of Salesforce, first joined the company in 2013 after a sudden and unexpected departure from Oracle.  Block had been a respected sales executive at Oracle before clashing with the late Mark Hurd, who had been co-president, when Block led the tech giant's North America sales organization. Their feud turned nasty public after Block's text messages denigrating Hurd became public. In one message to a colleague, Block called Hurd "lots of noise, not much results." ...
Tags: Trends, Salesforce, North America, Oracle, Idc, Marc Benioff, Sun Microsystems, Block, Marc, Hurd, Keith Block, Benioff, Salesforce Salesforce, Safra Catz, Mark Hurd, Oracle Salesforce


Salesforce has already deleted outgoing co-CEO Keith Block from its leadership web page (CRM)

Co-CEO Keith Block is leaving Salesforce, where he's been since 2013. The company has given him a warm public goodbye, allowing him to say farewell to investors on the quarterly conference call. But even as he was talking to Wall Street analysts and saying warm good-byes, Salesforce had already taken steps to move past him. His bio was immediately deleted from Salesforce's leadership website. Visit Business Insider's homepage for more stories. On Tuesday, Salesforce announced a shocker, even ...
Tags: Trends, Salesforce, Marc Benioff, Keith Block, Benioff, CEO Keith Block, COO Block, Ohana Benioff


From Sheryl Sandberg to Ted Sarandos, here are the high-powered executives who are 2nd-in-command to some of the biggest CEOs in tech

Many CEOs at the world's most valuable tech companies rely on No. 2 executives to help them get the job done.  Some of these execs may go on to run the company one day, while others may leave for big opportunities somewhere else.  For example, top executives like Sheryl Sandberg and Ted Sarandos are second-in-command at Facebook and Netflix, respectively.  Visit Business Insider's homepage for more stories. Life at the top of the world's most valuable tech companies isn't easy. For CEOs at co...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Elon Musk, Hollywood, Shonda Rhimes, Trends, Tesla, Larry Page, Netflix, Williams, Larry Ellison, Tim Cook, Sergey Brin


Is tech socialism really on the rise?

Greg Epstein Contributor Share on Twitter Greg M. Epstein is the Humanist Chaplain at Harvard and MIT, and the author of The New York Times bestselling book "Good Without God." Described as a “godfather to the [humanist] movement” by The New York Times Magazine in recognition of his efforts to build inclusive, inspiring and ethical communities for the nonreligious and allies, Greg was also named “one of the top faith and moral leaders...
Tags: Column, Elizabeth Warren, San Francisco, Tech, Mit, Artificial Intelligence, Disability, Harvard, United States, New York Times, Salesforce, New York Times Magazine, Bernie Sanders, Americans with Disabilities Act, Marc Benioff, Justin Kan


From Elon Musk to Tim Cook, here's where the world's most influential tech founders and CEOs went to college — and what they studied

College is where many figure out what they're actually interested in and determine the career they want to pursue. We researched the degrees and schools attended by well-known tech CEOs, many of whom launched their companies or landed on the idea for their first startup while studying at college. Here's where 52 CEOs and founders in the tech industry went to school, and what they studied. Visit Business Insider's homepage for more stories. For new college students, choosing a major can feel l...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Europe, Elon Musk, Cook, Sweden, Maryland, Microsoft, Yahoo, Mba, Stanford, India, Satya Nadella, Trends


Branding 4.0 For The 4th Industrial Revolution

In August 2019, 181 of the most powerful CEOs in the world, representing corporate giants such as JP Morgan Chase, Amazon, and Apple, made an extraordinary commitment. This commitment is so revolutionary that fully executed it will impact every facet of corporate America, from finance to governance, legal to investments, and performance to ownership. It will impact regulation, reputation, and relationships. And it will impact you. The Commitment These 181 CEOs committed to lead their compani...
Tags: Apple, Google, UK, Microsoft, Nokia, US, America, Unilever, Davos, United States, New York Times, Bill Gates, Patagonia, Airbnb, Deloitte, Gates


We did the math to calculate how many hours it takes America's top CEOs to make what their workers earn in one year

While it's not surprising that CEOs make a lot more money than their employees, the massive extent of that pay gap can sometimes be overlooked. US companies are required to publish their chief executives' annual compensation, as well as the ratio of that compensation to the annual pay of the company's median employee. Using those ratios, we calculated how long it took CEOs at 19 of the biggest companies in the US to make what at typical employee earned in a year. Several CEOs, including Disney...
Tags: Microsoft, India, Satya Nadella, Disney, US, America, Trends, Nike, Walmart, Tim Cook, Nvidia, SEC, Starbucks, Estee Lauder, Kevin Johnson, Costco


From Ashton Kutcher to Jay-Z, these 12 celebrities are the most active of the 'Hollywood angels' making big investments in Silicon Valley

These 12 actors, musicians and sports stars may have reaped millions using their creative and athletic talents, but they have also won big from bets on startups. From Ashton Kutcher's big early bet on Uber, to Will Smith's on-the-spot investment into a small startup that impressed him with a pitch, these celebrities are establishing themselves as mainstays in Silicon Valley. Business Insider took a look at Crunchbase data to rank the top 12 celebrities by the number of startup investment round...
Tags: Google, Amazon, Facebook, Uber, Spotify, Elon Musk, Hollywood, Instagram, California, Bono, Montana, Jay Z, US, NFL, San Francisco, Trends


Rocket startup Astra emerges from stealth, aims to launch for as little as $1M per flight

There’s yet another new rocket launch startup throwing its hat in the ring – Astra, an Alameda-based company that’s actually been operating in stealth mode (though relatively openly, often referred to as ‘Stealth Space Company’) for the past three years developing and testing its launch vehicle. Astra revealed its business model and progress to date in a new feature article with Bloomberg Businessweek, detailing how it plans to use mass production to deliver rockets quickly and cheaply for small...
Tags: Startups, TC, Space, Tech, Bloomberg, Nasa, Earth, Alaska, Darpa, Satellite, Rocket, Bloomberg Businessweek, Salesforce, Spaceflight, Aerospace, Eric Schmidt


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. A number of state attorneys general will meet with Justice Department lawyers this week to discuss various concurrent investigations into Google, according to the Wall Street Journal. The meeting is reportedly seen as the start of a periodic dialogue that could expand into more formal cooperation as the probes continue.  Tech and business giants are mourning the unexpected death of NBA legend turned investor Kobe Bryant, who was...
Tags: Google, Amazon, UK, London, Minneapolis, Softbank, Trends, Tech, Bloomberg, BBC News, Nick Clegg, Tim Cook, Nba, Kobe Bryant, Jeff Bezos, Justice Department


Steve Jobs’ Advice to Marc Benioff is applicable to most founders

Jobs advised Benioff to do three things: Salesforce better be 10 times larger in 24 months or less, or else it's over. You have to close a huge massive customer, like Avon...and You've got to build an application economy. More The post Steve Jobs’ Advice to Marc Benioff is applicable to most founders appeared first on NextBigWhat.
Tags: Business, Steve Jobs, Tech, Avon, Marc Benioff, Benioff