Table of Contents
What does Marc Benioff do for Salesforce?
Marc Benioff is Chairman, co-Chief Executive Officer and Founder of Salesforce and a pioneer of cloud computing. Under Benioff’s leadership, Salesforce is the fastest-growing top-five enterprise software company and the #1 provider of Customer Relationship Management (CRM) software globally.
How did Marc Benioff get his first job?
An Apple Intern While Benioff was putting himself through college, he had a conversation with legendary Apple employee Guy Kawasaki, who offered him an Intern role at Apple over the summer. Here, Benioff got his first taste of working for a tech company, as well as being influenced by Apple founder and CEO Steve Jobs who was always in the building.
How much did Marc Benioff earn from making video games?
He developed games such as King Arthur’s heir, The Nightmare, and Escape from Vulcan’s Isle, which by 16, enabled him to earn royalties of $1,500 a month, paying his own way through college. Source – Behind The Cloud, p20, Marc Benioff.
How did Marc Benioff become the CEO of Oracle?
Benioff landed a job at Oracle coming out of college. As a star salesman, he quickly became one Oracle CEO, Larry Ellison’s favorites, and won Rookie of the year at age 23. Three years later, he was promoted to Vice President, of which he was the youngest ever, making over $1M a year.
See more
Why did Marc Benioff create Salesforce?
Building a different kind of company, Benioff created Salesforce to not only develop great products, but also to have a positive impact on the world. On day one, Benioff created the 1-1-1 model of philanthropy, which leverages the resources of Salesforce to improve communities around the world.
How did Marc Benioff become successful?
Oracle Years Benioff landed a job at Oracle coming out of college. As a star salesman, he quickly became one of CEO, Larry Ellison’s favourites, and won Rookie of the year at age 23. Three years later, he was promoted to Vice President, of which he was the youngest ever, making over $1M a year.
How did Salesforce get started?
Salesforce began in a small apartment in Telegraph Hill in San Francisco. Marc Benioff decided to leave a lucrative sales career at Oracle in order to pursue a vision. While Marc Benioff had the idea for Salesforce, there were three other company founders: Parker Harris, Dave Moellenhoff, and Frank Dominguez.
Where did Marc Benioff work before Salesforce?
OracleBefore launching Salesforce, Benioff spent 13 years at Oracle, where he was the youngest vice president in company history. When he was 14 years old, he sold his first piece of software, How to Juggle, for $75. He founded his first company, Liberty Software, which created video games, at the age of 15.
Is Salesforce bigger than Oracle?
Salesforce’s market capitalization now stands at $180 billion, compared with $174 billion for Oracle.
When did Marc Benioff become the CEO of Salesforce?
September 2018Marc Russell Benioff (born September 25, 1964) is an American internet entrepreneur and philanthropist. He is the co-founder, chairman and co-CEO of Salesforce, an enterprise cloud computing company. In September 2018, Benioff acquired Time.
How did Salesforce become successful?
The successful IPO was a testament to how Salesforce had built a product people loved, survived the dot-com bubble bursting, continued growing, and successfully started selling people on their vision for the cloud. In these years Salesforce grew by keeping their product, marketing, and sales strategies tightly aligned.
Who started customer success?
The induction of the first customer success department in an organization. John Luongo, the CEO of Vantive, found out a very ingenious use of his company’s application by the customer and wanted to use it for its growth. He hired Marie Alexander, who was the one who created the new department known as Customer Success.
Who founded Salesforce?
Marc BenioffParker HarrisSalesforce/Founders
What is Marc Benioff net worth?
7.1 billion USD (2022)Marc Benioff / Net worth
How much does the CEO of Salesforce make?
$25,740,775Marc Benioff made $25,740,775 in total compensation as Chairman of the Board and Chief Executive Officer at Salesforce.com Inc in 2021. $4,374,100 was received as Total Cash, $20,000,120 was received as Equity and $1,366,555 was received as Pension and other forms of compensation.
Who is the parent company of Salesforce?
salesforce.com is not owned by hedge funds. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 7.7% of shares outstanding. For context, the second largest shareholder holds about 7.5% of the shares outstanding, followed by an ownership of 7.0% by the third-largest shareholder.
How much is Marc Benioff worth?
Marc Russell Benioff (born September 25, 1964) is an American internet entrepreneur, with a net worth of $8.8 billion as of May 2020. [update] . He is the founder, chairman and CEO of Salesforce, an enterprise cloud computing company.
What does Benioff say about business?
He follows the World Economic Forum founder Klaus Schwab ‘s stakeholder approach to leadership, which says that leaders should serve not only their shareholders but all stakeholders, including customers, employees, partners, communities and the environment, to make the world a better place.
How much did Marc Benioff donate to Team Trees?
In November 2019, Marc Benioff donated $900,000 to Team Trees. In October 2020, Marc and Lynne Benioff were named as one of the alliance partners of Prince William ‘s Earthshot Prize to find solutions to environmental issues.
What did Benioff do in 2016?
Benioff led a similar movement in February 2016 against Georgia’s HB 757, the First Amendment Defense Act. He announced that Salesforce would reduce investments in Georgia and cancel an annual conference if the bill was passed as-is. A month later, the Governor vetoed the bill.
How old was Benioff when he founded Liberty Software?
At 15 years old, he founded Liberty Software, creating and selling games such as Flapper for the Atari 8-bit. Epyx published his King Arthur’s Heir, The Nightmare, Escape from Vulcan’s Isle, and Crypt of the Undead, and by 16, Benioff was earning royalties of $1,500 a month, enough to pay for college.
How long was Benioff at Oracle?
Prior to founding Salesforce, Benioff was at Oracle for 13 years in a variety of executive positions in sales, marketing, and product development. At 23, he was named Oracle’s Rookie of the Year and three years later, he was promoted to vice president, the company’s youngest person to hold that title.
When did Benioff join Obama?
On the heels of the salary assessment, Benioff joined President Barack Obama in January 2016 as he celebrated the anniversary of the Lily Ledbetter Fair Pay Act and renewed his call on Congress to pass the Paycheck Fairness Act.
Why did Benioff create Salesforce?
Building a different kind of company, Benioff created Salesforce to not only develop great products, but also to have a positive impact on the world. On day one, Benioff created the 1-1-1 model of philanthropy, which leverages the resources of Salesforce to improve communities around the world.
How old was Benioff when he started Liberty Software?
When he was 14 years old, he sold his first piece of software, “How to Juggle,” for $75. He founded his first company, Liberty Software, which created video games, at the age of 15. Benioff received a B.S. in Business Administration from the University of Southern California, where he is on its Board of Trustees.
How did Salesforce’s Marc Benioff revolutionize the software industry?
How Salesforce’s Marc Benioff Revolutionized The Software Industry. Salesforce CEO Marc Benioff says businesses and leaders must be at the forefront of tackling community issues such as the homelessness crisis. (AP) Consumer websites were taking off at the dawn of the internet in 1996. But cloud-computing pioneer Marc Benioff was already looking …
What was Benioff’s vision for Salesforce?
From the start, Benioff wanted Salesforce to be a different kind of company. He envisioned a new technology model — on-demand, or delivered over the internet, now called cloud computing; a new subscription business model; and a new integrated corporate philanthropy model.
How much money did Benioff and Salesforce contribute to the San Francisco tax?
Combined, Benioff and Salesforce contributed more than $7 million to support the proposal, according to CNBC.com. The citizens of San Francisco ended up passing the proposition in November. The tax reportedly will generate up to $300 million a year in new funds for shelters and mental health services.
Where did Benioff go to college?
Benioff earned a B.S. in Business Administration from the University of Southern California. Before launching Salesforce, he spent 13 years at Oracle Corp. ( ORCL ), where he was the youngest vice president in the company’s history.
Where did Benioff go to find his soul?
To get some answers, Benioff did some soul searching for three months in Hawaii. Then for two months he traveled to India. He met with spiritual masters, including His Holiness the Dali Lama, who talked about “finding one’s calling and the importance of community service,” he wrote.
Who is Benioff in Salesforce?
Benioff is known for his social activism and is one of most outspoken business leaders on promoting equality in the workplace and the community. He cites as one example of how Salesforce has recently acted on one of its core values, equality, in the company’s home base of San Francisco.
Who is Marc Benioff?
He saw the future in delivering software applications to businesses in a new way online. Benioff is chairman, co-CEO and founder of Salesforce.com ( CRM ). “I was intrigued by websites such as Amazon.com, which revolutionized the way consumers shopped,” wrote Benioff, …
When did Benioff start Salesforce?
In 1999 with just a rented apartment in San Francisco to his name, Benioff founded Salesforce.com and began his mission to ‘End Software’ through his creation of the ‘cloud’. Salesforce was designed to enable customers to build their own applications on the company’s architecture or through the ‘cloud’ and in the last 16 years he has succeeded in revamping the way software programs are developed, designed and distributed. In addition to this remarkable achievement, Benioff has successfully curated the term ‘platform as a service.’
What is Benioff’s model?
Benioff may be best known for his cloud computing software and entrepreneurial spirit; however his 1/1/1 integrated philanthropic model (1% profits, 1% equity and 1% employee hours back to the communities it serves) has had a profound influence upon companies. In fact, Google is just one of many businesses who have adopted this model, earning him an invite to become director to the Committee Encouraging Corporate Philanthropy in 2008.
How much money does Benioff have?
As an internet entrepreneur, author and philanthropist, Benioff has a tidy sum of money to play with, mostly owed to the $10.5 billion annual revenue that Salesforces generates – and the fact that he himself owns around $4.3 billion worth of Salesforce’s lucrative shares.
What is Marc’s Glassdoor rating?
With a Glassdoor rating of 96%, Marc has a lot to be happy about. Not only is he the founder of the biggest name in the business software space, but he’s succeeded in cultivating a healthy, vibrant corporate culture, that’s valued by its employees.
How Did Salesforce.com Do It?
Salesforce.com provides on-demand services for customer-relationship management. It routinely processes over 100 million transactions a day and has over 2,100,000 subscribers. The services technology group is responsible for all product development inside the firm and has grown 50 percent per year since its inception eight years ago.
Going all out with radical management succeeded
Thus in 2007, Salesforce.com astonished the world of software development by successfully completing a transformation from traditional management to the radically different practices of management known as Scrum and Agile in just three months. [i]
Why did Salesforce.com succeed?
The problems of Salesforce.com in 2007 at the time were the familiar ones of traditional management. The work was being done in a conventional sequential fashion. Software was late. Schedules were never met. Bugs were accumulating. Management couldn’t figure out exactly what was happening.
A fast, open comprehensive approach
A document was prepared describing the new process, its benefits, and why the firm was moving away from the old process. The team held forty-five one-hour meetings with key people from all levels in the organization.
Key learnings from the Salesforce.com experience
In their own review of the lessons learned from the experience, managers Chris Fry and Steve Greene included several factors:
Overview
Marc Russell Benioff (born September 25, 1964) is an American internet entrepreneur and philanthropist. He is the co-founder, chairman and co-CEO of Salesforce, an enterprise cloud computing company. In September 2018, Benioff acquired Time.
Early life and education
Benioff was raised in a Jewish family in the San Francisco Bay Area. He graduated from Burlingame High School in 1982. Benioff received a Bachelor of Science in business administration from the University of Southern California, where he was a member of the Tau Kappa Epsilon fraternity, in 1986.
Benioff is a second cousin of showrunner and television writer David Benioff, known for Game of …
Career
While in high school, Benioff sold his first application, How to Juggle, for $75. In 1979, when he was 15, Benioff founded Liberty Software, creating and selling games such as Flapper and King Arthur’s Heir for the Atari 8-bit. Royalties from these games helped Benioff pay for college.
While at USC, Benioff had an internship as a programmer at Apple. He joined Oracle Corporation in a customer-service role after graduating. Benioff worked at Oracle for 13 years in a variety of sale…
Influence and honors
In 2003, President Bush appointed Benioff co-chair of the President’s Information Technology Advisory Committee. In 2009, Benioff was named a Young Global Leader by the World Economic Forum, and is a member of its Board of Trustees. In 2012, he was named one of the “Best CEOs in the World” by Barron’s and received The Economist’s Innovation Award. In 2014, Fortune readers voted hi…
Philanthropy
Benioff founded the Salesforce Foundation in 2000. Marc and Lynne Benioff have been included in lists of top givers by Forbes and the Chronicle of Philanthropy.
In 2010, the Benioffs donated $100 million to UCSF Children’s Hospital. In 2014, they donated an additional $100 million to the hospital and $50 million to fund …
Social activism
In March 2015, Benioff announced Salesforce would cancel all employee programs and travel in the state of Indiana after the passing of the Religious Freedom Restoration Act, a bill that would allow companies and individuals to choose not to serve LGBT individuals based on religious beliefs. Benioff led an effort of business leaders fighting back against the legislation, leading to a revised version of the bill being signed into law that prohibited businesses from denying service…
Further reading
• Colin, Chris (December 11, 2019). “The Gospel of Wealth According to Marc Benioff”. Wired.
External links
• Official company biography
[[[is the best training institute in hyderabad]]]
Awards and recognition
-
Benioff was named Innovator of the Decade by Forbes, ranked #3 on Fortune’s 2017 \”Businessperson of the Year\” list, and recognized as one of the Worlds 25 Greatest Leaders by Fortune and 15 Best-Performing CEOs by Harvard Business Review. For his leadership on equality, Benioff has been honored by GLAAD, the Billie Jean King Leadership Initiative and Variety Maga…
Philanthropy
-
Building a different kind of company, Benioff created Salesforce to not only develop great products, but also to have a positive impact on the world. On day 1, Benioff created the 1-1-1 model of philanthropy, which leverages the resources of Salesforce to improve communities around the world. Today, more than 5,000 companies have adopted the 1-1-1 …
Organizations
-
A member of the World Economic Forum (\”WEF\”) Board of Trustees, Benioff serves as the inaugural Chair of WEF’s Forum Center for the Fourth Industrial Revolution in San Francisco.
Business
-
Before launching Salesforce, Benioff spent 13 years at Oracle Corporation, where he was the youngest vice president in company history. When he was 14 years old, he sold his first piece of software, How to Juggle, for $75. He founded his first company, Liberty Software, which created video games, at the age of 15.
Personal
-
Benioff received a B.S. in Business Administration from the University of Southern California, where he is on its Board of Trustees. In 2014, USC awarded Benioff an honorary degree of Doctor of Humane Letters.