, Splunk and Salesforce, and was engaged with management for ways to bolster valuations of these high-growth companies.
On Salesforce, Smith said it had been engaging with its management team in “recent months” and that the new executives - including co-CEO Bret Taylor, who is also chairman of the board of Twitter Inc and was promoted to his Salesforce role in November 2021 - were better focused on balancing growth aspirations and profit delivery.
Starboard is among the industry’s busiest activist investors and has had a high success rate of placing directors onto corporate boards, often in settlements with the company. At Splunk, Smith said he and his team are enthusiastic about the company’s new CEO, Gary Steele, and look forward to “better execution” saying that the there is room to push for operational improvements.
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