Meredith had completed the purchase of Time along with other publications of Time Inc. earlier this year. To my fellow business leaders and billionaires, I say that we can no longer wash our hands of our responsibility for what people do with our products. Copyright 2020 IDG Communications. It’s no wonder that support for capitalism has dropped, especially among young people. Marc Benioff is the chairman and co-chief executive of Salesforce and the author, with Monica Langley, of the forthcoming book, “Trailblazer: The Power of Business as the Greatest Platform for Change.”. I have been fortunate to live a life beyond the wildest imaginations of my great-grandfather, who immigrated to San Francisco from Kiev in the late 1800s. activism and corporate philanthropy alone will never be enough to meet the immense scale of today’s challenges. Globally, the 26 richest people in the world now have as much wealth as the poorest 3.8 billion people, and the relentless spewing of carbon emissions is pushing the planet toward catastrophic climate change. But by integrating philanthropy into our company culture from the beginning — giving 1 percent of our equity, time and technology — Salesforce has donated nearly $300 million to worthy causes, including local public schools and addressing homelessness. Sacha Baron Cohen and Isla Fisher send planeload of PPE, Facebook is ‘the new cigarettes for our society’, says tech CEO, Salesforce CEO buys Time Magazine for £144 million, Facebook should be regulated like cigarettes, says Salesforce CEO, Apple's Tim Cook tops CEO earnings list after pocketing $145m in 2016, How Salesforce’s other CEO is championing equality in Silicon Valley, 15% discount on stays between now and 4th January 2021, 50% discount on selected kids' Halloween costumes at Argos, eBay discount code for 20% off selected purchases over £15, Receive to 20% off local deals with this Groupon promo code, Free delivery on furniture, prices from £69 & 10-year guarantee at M&S, Up to 50% discount on thousands of products at Ocado, Discover up to 50% off in the Debenhams furniture sale. It’s time for a new capitalism — a more fair, equal and sustainable capitalism that actually works for everyone and where businesses, including tech companies, don’t just take from society but truly give back and have a positive impact. You can change your choices at any time by visiting Your Privacy Controls. On Sunday, Benioff and his wife Lynne announced their $190 million purchase of Time magazine from Meredith Corp. Salesforce.com's annual Dreamforce conference will kick off next week in San Francisco, and with a reported 120,000 people registered to attend in person and virtually, it will be the cloud software vendor's biggest shindig yet. The Times is committed to publishing a diversity of letters to the editor. The latest news, videos, and discussion topics on Marc Benioff - Entrepreneur Globally, few nations are meeting their targets to fight climate change, the current United States presidential administration remains determined to withdraw from the Paris Agreement and global emissions continue to rise. SAN FRANCISCO (AP) — The Latest on Canadian Prime Minister Justin Trudeau's visit to San Francisco (all times local): Canadian Prime Minister Justin Trudeau is in San Francisco to pitch Canada as a destination for tech investors. Yes, free markets — and societies that cherish scientific research and innovation — have pioneered new industries, discovered cures that have saved millions from disease and unleashed prosperity that has lifted billions of people out of poverty. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. IDG Sites: Rather than instinctively opposing new regulations, tech leaders should support a strong, comprehensive national privacy law — perhaps modeled on the European Union’s General Data Protection Regulation — and recognize that protecting privacy and upholding trust is ultimately good for business. Oracle is gearing up to report its second-quarter earnings Wednesday and given the restrained expectations CFO Sandra Katz earlier set for key areas such as software revenue, Oracle's results are sure to come under even more scrutiny than the tech bellwether already gets. California and other states are moving ahead with their own laws, forcing consumers and companies to navigate a patchwork of different regulations. Fortunately, nearly 200 executives with the Business Roundtable recently committed their companies, including Salesforce, to this approach, saying that the “purpose of a corporation” includes “a fundamental commitment to all of our stakeholders.” As a next step, the government could formalize this commitment, perhaps with the Security and Exchange Commission requiring public companies to publicly disclose their key stakeholders and show how they are impacting those stakeholders. The culture of corporate America needs to change, and it shouldn’t take an act of Congress to do it. KAILUA-KONA, Hawaii (AP) — A billionaire tech entrepreneur with a home on Hawaii island has coordinated a donation of 1 million face masks to slow the spread of the coronavirus... SAN FRANCISCO (AP) — Salesforce founder Marc Benioff oversees a $130 billion software empire from a 62-story skyscraper that towers above everything else in San Francisco. When we finally start focusing on stakeholder value as well as shareholder value, our companies will be more successful, our communities will be more equal, our societies will be more just and our planet will be healthier. SAN FRANCISCO (AP) — San Francisco voters approved a tax on the city's wealthiest companies Tuesday in an attempt to alleviate homelessness in a place where residents at risk of being priced out routinely encounter people sleeping on the streets. Unfortunately, not everyone agrees. And here’s our email: letters@nytimes.com. Microsoft is wielding LinkedIn against Salesforce in the battle for the CRM market. Our experience at Salesforce shows that profit and purpose go hand in hand and that business can be the greatest platform for change. Just about every company, I suspect, has a pay gap — and every company can close it now. It will cost billions to retrain American workers for the digital jobs of the future. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. What next for Nutanix CEO Dheeraj Pandey? マーク・ラッセル・ベニオフ（Marc Russell Benioff、1964年 9月25日 - ）は、アメリカ合衆国のインターネット起業家である。 企業向けクラウドサービス企業であるセールスフォース・ドットコムの創業者であり、会長兼CEOである [2]。。 Of course, C.E.O. Folge ichFolgenFolgen Der amerikanische Internetunternehmer Marc Russell Benioff ist Gründer sowie CEO des Cloud-Computing-Anbieters Salesforce. Voters in San Francisco have approved a measure to tax some of the city's wealthiest companies to provide services for the homeless. Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer. Some business leaders objected to the landmark declaration. To me, the boys and girls in local schools and homeless families on the streets of our city are our stakeholders, too. In the United States, income inequality has reached its highest level in at least 50 years, with the top 0.1 percent — people like me — owning roughly 20 percent of the wealth while many Americans cannot afford to pay for a $400 emergency. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. To fix it, we need businesses and executives to value purpose alongside profit. … Copyright © 2020 Entrepreneur Media, Inc. All rights reserved. By MARTIN CRUTSINGER September 16, 2018 WASHINGTON (AP) — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday. All this, when our budget deficit has already surpassed $1 trillion. Marc Benioff in pictures. Legislation to close loopholes in the Equal Pay Act have stalled in Congress for years, and today women still only make about 80 cents, on average, for every dollar earned by men. location, Your essential guide to New Zealand Vendors. The deal, subject to regulatory approval, is expected to close by the end of the year. But he sits uneasily in... SAN FRANCISCO (AP) — A San Francisco billionaire has donated $35 million to Stanford University and the University of California, San Francisco to enhance their study of the human... INDIANAPOLIS (AP) — Business software company Salesforce says it aims to provide skills training to 1 million people as part of a Trump administration push to boost career opportunities among... SAN FRANCISCO (AP) — A San Francisco billionaire is donating $30 million to the University of California, San Francisco, to research root causes of homelessness and potential... NEW YORK (AP) — Media and publishing giant Meredith Corp. says it is selling its Fortune brand for $150 million in cash to Fortune Media Group.