Salesforce’s first-quarter earnings report on Wednesday beat estimates, with income up 8% year-over-year to $9.83 billion. Earlier this week, the corporate additionally introduced a deal to purchase knowledge administration firm Informatica for $8 billion, its greatest acquisition because it bought Slack for $27.1 billion in 2021.
“Generally you will have 1 / 4 when every little thing goes best for you,” stated Salesforce CEO and Board Chair Marc Benioff, 60, in an earnings name on Wednesday, per The Wall Street Journal.
In line with Salesforce’s 2025 proxy statement, launched in April, Benioff revamped $55 million within the 2025 fiscal yr, which ran from Feb. 1, 2024, to Jan. 31, 2025. His base wage was $1.55 million, and his bonus was $2,500, each unchanged from 2024. His inventory awards elevated by about $8 million, and his possibility awards by over $3 million from 2024. His $55 million compensation included over $4 million in private safety prices and over half one million {dollars} in plane utilization.
In the meantime, Salesforce’s median worker took residence a complete compensation of $178,949 in fiscal yr 2025. Benioff made roughly 308 instances greater than the everyday Salesforce worker.
Associated: Salesforce Has Used AI to Reduce Personnel Costs By $50 Million This Year. Here’s Which Roles Are Affected.
Within the 2024 fiscal yr, Salesforce’s median worker acquired a wage of $164,985. That yr, Benioff made $39.6 million, or 240 times more than the median.
Salesforce CEO Marc Benioff. Photographer: Chris Ratcliffe/Bloomberg through Getty Pictures
Salesforce’s median wage is decrease than Google, the place a mid-level worker made $331,894 in 2024, and Nvidia, the place a typical worker made $301,233.
In the meantime, Salesforce might be slowing down hiring in sure departments and accelerating hiring in others because it makes an attempt to internally maximize its use of AI instruments. The corporate’s chief monetary and operations officer, Robin Washington, said on a call with analysts on Wednesday that Salesforce has downsized “some” of its hiring wants due to AI. It is also hiring fewer customer support representatives and software program engineers as its present workers use AI for better productiveness, however is rising its gross sales staff by 22% this yr.
Associated: Here’s How Much 8 CEOs Made in 2024, From JPMorgan’s Jamie Dimon to Disney’s Bob Iger
CEO Pay Is Rising
A study launched on Thursday by the Related Press discovered that CEO pay elevated by almost 10% in 2024 because of increased income and inventory costs. The examine, which was based mostly on proxy statements filed with federal regulators by firms within the S&P 500, examined the pay of 344 executives. It discovered that the median pay package deal of CEOs in 2024 was $17.1 million, up from $16.3 million in 2023.
The very best-earning CEO on the listing was Patrick W. Smith, the CEO of taser-making firm Axon, who took residence $164.5 million. Different top-earning executives included Normal Electrical’s H. Lawrence Culp, Jr. ($87.4 million), Apple’s Tim Prepare dinner ($74.6 million), and Netflix’s Theodore A. Sarandos ($61.9 million). Most of these pay packages have been comprised of inventory or choices awards.
The examine additionally discovered that the everyday worker at an S&P 500 firm earned $85,419 in 2024, a 1.7% year-over-year improve.
Salesforce’s first-quarter earnings report on Wednesday beat estimates, with income up 8% year-over-year to $9.83 billion. Earlier this week, the corporate additionally introduced a deal to purchase knowledge administration firm Informatica for $8 billion, its greatest acquisition because it bought Slack for $27.1 billion in 2021.
“Generally you will have 1 / 4 when every little thing goes best for you,” stated Salesforce CEO and Board Chair Marc Benioff, 60, in an earnings name on Wednesday, per The Wall Street Journal.
In line with Salesforce’s 2025 proxy statement, launched in April, Benioff revamped $55 million within the 2025 fiscal yr, which ran from Feb. 1, 2024, to Jan. 31, 2025. His base wage was $1.55 million, and his bonus was $2,500, each unchanged from 2024. His inventory awards elevated by about $8 million, and his possibility awards by over $3 million from 2024. His $55 million compensation included over $4 million in private safety prices and over half one million {dollars} in plane utilization.
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