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It's that time of the year when salaries, bonuses and stock awards are being approved for the top executives at Salesforce.
2019-03-29
Last Friday, Salesforce's board approved cash bonuses for its top executives, including co-CEOs Marc Benioff and Keith Block. These are based on corporate performance goals and also the performance of these executives in the past year. These executives will be paid their bonuses on April 15.
The Compensation Committee on the Board of Directors also approved their salaries for the next fiscal year, as well as their target bonus. This became effective on Feb. 1.
Salesforce executives will receive a basket of different equity awards. Stock options allow executives to purchase shares at the fair market value on the day they were granted. Performance-based stock units will vest if they are employed through April 15, 2022 at a percentage of the number of shares, based on performance. The others are subject to vest on a four-year schedule.
If you've ever wondered how much people at the top of this $121.9 billion cloud-based software company make, here's what you need to know:
Marc Benioff, chairman and co-CEO
Getty
Bonus for fiscal 2019: $2,325,000
Annual base salary: $1,550,000
Annual target bonus: 200%
Stock options: 195,872
Restricted stock units: n/a
Performance-based stock units: 74,391
Keith Block, co-CEO
Salesforce
Bonus for fiscal 2019: $1,701,250
Annual base salary: $1,435,000
Annual target bonus: 200%
Stock options: 146,904
Restricted stock units: n/a
Performance-based stock units: 55,794
Mark Hawkins, president and CFO
Salesforce
Bonus for fiscal 2019: $675,000
Annual base salary: $1,000,000
Annual target bonus: 100%
Stock options: 122,420
Restricted stock units: 15,480
Performance-based stock units: 15,499
Parker Harris, co-founder and CTO
Steve Jennings / Stringer
Bonus for fiscal 2019: $750,000
Annual base salary: $1,000,000
Annual target bonus: 100%
Stock options: 134,662
Restricted stock units: 17,028
Performance-based stock units: 17,048
Alexandre Dayon, president and chief strategy officer
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Rosalie Chan is a senior editor for Business Insider's tech team. Previously, she covered cloud computing and enterprise tech, reporting on companies like Google Cloud, Amazon Web Services, Microsoft, Intel, Alibaba Cloud, Atlassian, GitHub, VMware, Broadcom, and more. She has written extensively on topics including cloud computing, developer companies, open source, and sexism and sexual harassment in the tech industry. She has received the San Francisco Press Club award for continuing coverage for her reporting on sexism and sexual harassment in Silicon Slopes and the Excellence in Business / Consumer / Tech Reporting award from the Asian American Journalists Association for her investigation into the coding boot camp Holberton School. Most recently, she was an editor on the Business Insider investigative package, The True Cost of Data Centers, which received a George Polk Award and an honorable mention from SABEW.Rosalie joined Business Insider after working as a software engineer and freelance journalist. She studied journalism, computer science, and technology and business law at Northwestern University. Her work has previously appeared in TIME, the Huffington Post, VICE, Pacific Standard, Inverse, Chicago magazine,the Chicago Reporter, and more. She's based in San Francisco.
