Activist hedge fund Third Point owns a stake in Salesforce Inc, the software company currently facing pressure from four other activist investment firms to make changes at board level, according to a report by Reuters.
Activist hedge fund Third Point owns a stake in Salesforce Inc, the software company currently facing pressure from four other activist investment firms to make changes at board level, according to a report by Reuters.
The size of Third Point’s stake in the business, which has also attracted the attention of Elliott Management, Starboard Value, Inclusive Capital Partners and ValueAct, is not known.
Salesforce appointed three new directors last month, including ValueAct head Mason Morfit, who is set to join the board on 1 March.
Elliott meanwhile, the biggest of Salesforce’s activist investors is thought to be weighing up its own board challenge having reportedly been actively interviewing director candidates recently.
The window for Salesforce board nominations opens on 12 February.
