Author: Vitaliy Dadalyan

Marc Benioff's right-hand man could make another $200,000 after Salesforce finally lets its top execs get raises again (CRM)

A year after Salesforce cut CEO Marc Benioff's total pay and froze other top executives' pay to appease shareholder complaints, the company has decided to loosen its purse strings. While Benioff isn't getting a salary bump, several of his top officers are getting raises which impact their salaries and their bonuses. A year ago, Salesforce made headlines when it gave its flamboyant founder, CEO Marc Benioff, a 60% pay cut and froze his salary and cash bonus in response to investor concerns that its executive pay and perks were excessive.


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U.S. Supreme Court liberals sceptical of American Express merchant fees

Liberal U.S. Supreme Court justices on Monday sharply questioned American Express Co (AXP.N) over its policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees, a practice that some states and the Trump administration have concluded violates federal antitrust law. The high court heard about an hour of arguments in an appeal by the states, led by Ohio, of a 2016 ruling by a lower court in New York that cleared American Express of unlawfully stifling competition through its so-called anti-steering provisions in contracts with merchants. While liberal Justices Elena Kagan, Sonia Sotomayor and Stephen Breyer signaled hostility toward the company's policy, conservative Justice Neil Gorsuch indicated support for American Express.


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