#17: Elliott Management Buys Stake in Salesforce to Help ‘Realize the Value’
Hedge fund Elliott Managment made a multibillion-dollar investement in CRM software giant Salesforce, according to the Wall Street Journal.
Look for more drastic changes from the company, which just cut 7,000 jobs through a new restructuring plan. It also recently relieved co-CEO Bret Taylor of his duties.
Learn more about Elliott Management and speculation about its plans for Salesforce.