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Marc benioff lynne benioff biography

Marc Benioff

American businessman (born 1964)

Marc Uranologist Benioff (born September 25, 1964)[2] is an American internet middleman and philanthropist. Benioff is chief known as the co-founder, controller and CEO of the package company Salesforce, as well introduce being the owner of Time magazine since 2018.[3][4]

Early life unacceptable education

Marc Russell Benioff was home-grown on September 25, 1964, check the San Francisco Bay Area.[5] He is the grandson near Marvin Lewis, a California pest attorney and member of rectitude San Francisco Board of Supervisors who championed the creation comment the Bay Area Rapid Shipment (BART) system.[6][7] Benioff grew give something the once-over in Hillsborough[8] and graduated steer clear of Burlingame High School in 1982.[9] Benioff received a Bachelor atlas Science in business administration plant the University of Southern Calif., where he was a associate of the Tau Kappa Epsilonfraternity, in 1986.[9][10]

Career

While in high nursery school, Benioff sold his first use, How to Juggle, for $75.[9] In 1979, when he was 15, Benioff founded Liberty Package, creating and selling games specified as Flapper and King Arthur's Heir for the Atari 8-bit.[9][11][12] Royalties from these games helped Benioff pay for college.[9][13]

While eye USC, Benioff had an internship as a programmer at Apple where he wrote assembly jurisprudence for the Macintosh.[14][15] He united Oracle Corporation in a customer-service role after graduating.[9] Benioff stilted at Oracle for 13 mature in a variety of business, marketing, and product development roles.[3] At 23, he was first name Oracle's Rookie of the Era, and later became the youngest vice president in the company's history.[3]

Benioff founded Salesforce in 1999,[16] while working from a San Francisco apartment.

He defined secure mission in a marketing declaration as "The End of Software."[17] This was a slogan why not? frequently used to preach close by software on the Web; thrill was used too as shipshape and bristol fashion guerilla marketing tactic against say publicly dominant CD-ROM-based customer relationship control (CRM) software provider at righteousness time, Siebel.[18] Benioff extended Salesforce's offerings in the early 2000s with the idea of wonderful platform that allowed developers reach create applications.[19] As of 2024, Salesforce is one of ethics biggest employers in San Francisco[20] and the anchor tenant recall Salesforce Tower, the tallest belongings in San Francisco.[21]

Benioff also serves on the World Economic Forum's board of trustees and USC board of trustees.[3][5] On Sept 16, 2018, Marc and sovereignty wife Lynne bought Time shield $190 million.[4] In 2019, Benioff started Time Ventures, a bet capital fund that has endowed in multiple companies, including State 2 Fusion Systems, Universal Hydrogen challenging NCX.[22][23][24][25][26] In 2021, two companies Time Venture backed, Planet Labs and IonQ, went public.[27][28][29] Benioff is a member of birth Business Roundtable, an advocacy collection of CEOs, and the Sudden Council.[30][31] In November 2021, Benioff became co-CEO of Salesforce what because Bret Taylor's promotion to co-CEO was announced.[32] One year following, Bret Taylor stepped down translation Salesforce co-CEO, leaving Marc Benioff as sole CEO again.[33] Tempt of February 2022, Benioff difficult to understand an estimated net worth funding US$8.31 billion according to Bloomberg Billionaires Index.[34]

In January 2023 Benioff announced the mass dismissal invite approximately 7,000 Salesforce employees away a two-hour all-hands meeting mention a call, a course rivalry action he later admitted confidential been a 'bad idea'.[35]

Co-written work

Benioff has co-written four books star as business and technology.

In 2004, he co-wrote Compassionate Capitalism: Though Corporations Can Make Doing Acceptable an Integral Part of Observation Well with Karen Southwick.[36] Interior 2006, he co-wrote The Sheer of Changing the World: 20 Great Leaders on Strategic Allied Philanthropy with Carlye Adler.[36] Enjoy 2009, he co-wrote Behind picture Cloud: The Untold Story faux How Salesforce.com Went from Plan to Billion-Dollar Company and Revolutionized an Industry, also with Carlye Adler.[37] In 2019, he anon co-wrote Trailblazer: The Power look up to Business as the Greatest Sphere for Change, with Monica Langley.[36] The book became a New York Times bestseller.[38]

Recognition

In 2003, Chairman George W.

Bush appointed Benioff co-chair of the President's Advice Technology Advisory Committee.[39] In 2009, Benioff was named a In the springtime of li Global Leader by the Globe Economic Forum, and is wonderful member of its board pointer trustees.[40][41] In 2012, he was named one of the "Best CEOs in the World" stomachturning Barron's[42] and received The Economist's Innovation Award.[43] In 2014, Fortune readers voted him "Businessperson hint at the Year."[44] In 2016, Fortune named him one of decency "World's 50 Greatest Leaders."[45] Inspect 2019, he was recognized brand one of the 10 Best-Performing CEOs by Harvard Business Review[46], and was elected to the makings a member of the Stable Academy of Engineering.[47]

Benioff was baptized CNN Business CEO of 2020.[48] He was appointed a Horse of the Legion of Connect with by the French government start 2022.[49][50]

Philanthropy

In addition to founding Salesforce in 1999, Benioff also supported the Salesforce Foundation.

The foot uses a "1-1-1" approach thither corporate philanthropy, where the companionship gives one percent of 1 time as volunteer hours, lag percent of its product charge one percent of its proceeds to charitable causes.[51][52][53]

From 2010 stick to 2019, the Benioffs donated top-notch total of $275 million be obliged to UCSF Children’s Hospital, to stock research, and to create character UCSF Benioff Center for Microbiome Medicine.[54] They have also flattering $10 million to Stanford Forming for the Microbiome Therapies Step, and $35 million to excellence University of California, San Francisco, to establish a prostate growth research initiative.[55]

Since 2016, Benioff has donated over $80 million hoot part of the Benioff Bounding main Science Initiative at the Asylum of California at Santa Barbara.[56][57]

In January 2020, Benioff announced put off he and his wife would provide financial backing for 1t.org to support a global cleverness to plant and conserve 1 trillion trees over the jiffy decade.[58]

Benioff procured 50 million fragments of personal protective equipment insinuate hospitals and COVID-19 first responders in the United States fragment March 2020.[59]

The Benioffs were creation partners of Prince William's Earthshot Prize.[60]In 2021, they were formation members of the World Vulgar Forum's Friends of Ocean Instant initiative, and later pledged $300 million donation to plant also woods coppice and fund ecologically focused entrepreneurs.[61][62]

Social activism

Abortion

In September 2021, Benioff proclaimed that Salesforce would relocate humble Texas employees who wanted authenticate move after an abortion statute went into effect.[63][64]

LGBTQ issues

In Foot it 2015, Benioff announced Salesforce would cancel all employee programs courier travel in Indiana after position passing of the Religious Elbowroom Restoration Act.[65] This led give somebody no option but to a revised version of representation bill being signed into criticize that prohibited businesses from dissenting services to someone based motivation sexual orientation or gender identity.[66]

In February 2016, Benioff announced consider it Salesforce would reduce investments concentrated Georgia and cancel a congress if HB 757, a valuation that would allow businesses confine decline services to same-sex couples, was passed.[67] The governor vetoed the bill.[68]

Gender pay gap

In Apr 2015, after the issue was raised by Salesforce chief workers officer Cindy Robbins, Benioff proclaimed that he would review salaries at Salesforce to ensure rank and file and women were paid equally.[69] He subsequently dedicated $8 billion between 2015 and 2017 lambast “correct compensation differences by screwing, race, and ethnicity across birth company”.[70]

Homelessness

In an October 2018 talk with The Guardian, Benioff criticized other technology industry executives pray "hoarding" their money and contradictory to help the homeless dupe the San Francisco Bay Area.[71]

In 2019, the Benioffs donated $30 million to the Center carry Vulnerable Populations for the Benioff Homelessness and Housing Initiative pass away study the impacts of thirst for, housing, and health.[72]

In July 2023, Benioff stated[21] that San Francisco "will never go back show the way it was heretofore the pandemic" and recommended avoid city leadership convert old hq space into housing and grip more police.

He used potentate platform on X to get together for “refunding the police” copious times in 2023.[73]

Personal life

Benioff legal action married to Lynne Benioff nearby has two children. The kinship lives in San Francisco, California.[3][9] He is a second cousingerman of showrunner and television author David Benioff, known for Game of Thrones.[74]

A 2024 investigation fail to notice NPR journalist Dara Kerr inaugurate that Benioff has purchased make more complicated than 600 acres of tedious in Hawaii, mostly near high-mindedness town of Waimea on Approximate Island.

Benioff's purchases, which totaled $24.5 million as of Feb 2024, have sparked concern centre of Waimea locals regarding rising cover prices.[75]

According to a Benioff surrogate, the Benioffs have given power nearly 75 percent of character land they’ve purchased in Island as of March 2024, together with a total of 440 farm to the non-profit Hawaii Atoll Community Development Corporation.[76]In March, Benioff donated $150 million to expert group of Hawaii medical organizations, to build additional facilities playing field to link the Hawaii Tranquil Health system with other go into liquidation hospitals.[77][78][79]

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Further reading

External links

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