Hillary has a love-in with tech company executives, steps in it again

[BernieforPres2016]

Not that you will hear anything about this on MSNBC, CNN, in the Washington Post or the New York Times. I just stumbled into it via some articles on Yahoo Finance. Hillary, who is out in California for some high dollar fundraising, praised the CEO of Salesforce because he spent a whopping $3 million last year to address gender pay inequity issues.

But it turns out that the CEO has made total compensation of over $73 million by himself in the last 2 years, despite the fact that Salesforce is not profitable. And they love to throw the money around on parties, events, extravagant gifts, etc.

In Hillary Clinton's corporate America, as long as you say the right things and bow to the right causes, you can do pretty much anything you want the rest of the time.

http://finance.yahoo.com/news/hillary-clinton--salesforce-and-gap-are-doing-equal-pay-right-161557311.html

<At a candid discussion on the state of equal pay for women in America, Hillary Clinton gave kudos to Silicon Valley CEOs for carrying their share of the load.

“If CEOs and board members will actually ask themselves ‘How sure are we we that we are paying people the same?’ the data shows even in the best-intentioned companies that is often not happening,” she said. Clinton spoke at a round table discussion hosted by salary data site Glassdoor.com. She gave a nod to Salesforce (CRM) CEO Marc Benioff, who spent $3 million last year to close the gender wage gap at his company, and Gap (GPS), the first Fortune 500 company to announce that it pays female and male employees equally in 2014.

“I’m very focused on making sure we don’t lose the impetus behind this conversation and that we get more companies ... to be public [about their gender wage gap],” Clinton said.>

https://finance.yahoo.com/news/salesforce-ceo-marc-benioff-freezing-232510619.html

Salesforce CEO Marc Benioff is freezing his salary after hearing complaints about his $40 million pay


<In a proxy statement filed on Monday, Salesforce disclosed that Benioff's base salary will remain at $1.55 million this year. The change was made in response to hearing "concerns regarding quantum of total CEO pay," it said.

Benioff also took a 16% cut in his total compensation package last year, the filing said. His total package, which includes stock options and bonuses, was down from $39.9 million in fiscal year 2015 to $33.36 million in the fiscal year that ended in January 2016.>

https://finance.yahoo.com/news/salesforce-spent-100-000-send-202939931.html

<Salesforce is known for throwing extravagant parties. Its smaller events are often punctuated with private concerts from rock stars and its big annual conference, Dreamforce, is like a music festival, self-improvement retreat and giant party with a tech conference sprinkled in on the side.

Out of the $6.7 billion of revenues Salesforce generated in its last fiscal year, it spent almost half, $3.2 billion, on sales and marketing. That's one of the major reasons Salesforce spends more than it makes. It lost $47.4 million in its last fiscal year.

In fact, Salesforce threw one or more mysterious events in which the bill for just three execs came in at around $100,000, according to a recent disclosure made on an SEC form.

Salesforce wouldn't reveal what the event, or events, were when we asked. In the SEC form, it described the event attended by COO and head of sales Keith Block and CFO Mark Hawkins as "a motivational company sales team event.">

https://finance.yahoo.com/news/salesforce-bought-coo-41-000-165621889.html

<Marc Benioff hired former Oracle sales star Keith Block in 2013 and can't stop heaping praise promotion and gifts on the guy.
In fact, he was so happy with Block, he had Salesforce buy him a $41,000 watch, according to documents filed with the SEC.

To be precise, the watch cost $40,564 and its value was called a "bonus" in Salesforce's proxy form, which discloses how much executives are paid, including perks and gifts. Salesforce explained that the watch was because of Block's performance in just one quarter:

"Represents the value of a watch awarded in recognition of Mr. Block’s leadership of our sales organization in the first quarter of fiscal 2016.">

[MisterP]

1. they're already Shkreli Democrats on healthcare and pharma, this is just the same ol money-hunting

no wonder people were likening her campaign to Carly's even in '15; at least she doesn't kidnap children on school trips

[BernieforPres2016]

2. Hillary conveys respectability on the corporate thieves

They convey money to her campaign and to the Clinton Foundation.

[MisterP]

3. it's like with the IWR--suddenly it was acceptable because the most conservative and the most

"liberal" party agreed--it was national policy rather than Bush's war

[1StrongBlackMan]

4. So did Salesforce close the gender gap of its staff? Was the initiative at Brock's direction? ...

or not.

I'm pretty certain, the women at the company, who are now receiving pay parity are pretty happy, regardless of Brock compensation package. Don't you?