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Fortune

Kylie Robison

UNCOVERED: Salesforce just said goodbye to its m a committee - Caught on Camera

Salesforce Marc Benioff Mergers

(Credit: Simon Dawson/Bloomberg via Getty Images)

Bowing to activist investors, Salesforce CEO Marc Benioff signalled that the firm's days of spending big bucks to buy other companies are over, at least for the time being.

During Salesforce's quarterly earnings call on Wednesday, Benioff said that the company has "fully disbanded our M&A committee," a move that he said reflected the company's new focus on the company's existing business.

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Students plan new blockades: French pupils to restart school barricades Monday; protests widen over prices

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One subscription that gives you access to news from hundreds of sites

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Mike Lawler flipped a New York district red in 2022. But his ties to Trump might bite him in the midterms

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