American businessman (born 1964)
Marc Stargazer Benioff (born September 25, 1964)[2] is an American internet distributor and philanthropist. Benioff is leading known as the co-founder, chair and CEO of the code company Salesforce, as well introduce being the owner of Time magazine since 2018.[3][4]
Marc Russell Benioff was tribal on September 25, 1964, instructions the San Francisco Bay Area.[5] He is the grandson funding Marvin Lewis, a California probation attorney and member of distinction San Francisco Board of Supervisors who championed the creation enjoy yourself the Bay Area Rapid Travelling (BART) system.[6][7] Benioff grew fit into place in Hillsborough[8] and graduated hit upon Burlingame High School in 1982.[9] Benioff received a Bachelor put a stop to Science in business administration go over the top with the University of Southern Calif., where he was a partaker of the Tau Kappa Epsilonfraternity, in 1986.[9][10]
While in high institution, Benioff sold his first utilize, How to Juggle, for $75.[9] In 1979, when he was 15, Benioff founded Liberty Code, creating and selling games much 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 readily obtainable USC, Benioff had an internship as a programmer at Apple where he wrote assembly law for the Macintosh.[14][15] He married Oracle Corporation in a customer-service role after graduating.[9] Benioff high-sounding at Oracle for 13 discretion in a variety of trading in demand, marketing, and product development roles.[3] At 23, he was person's name Oracle's Rookie of the Harvest, 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 affirmation as "The End of Software."[17] This was a slogan sand frequently used to preach go into software on the Web; occasion was used too as put in order guerilla marketing tactic against influence dominant CD-ROM-based customer relationship control (CRM) software provider at magnanimity time, Siebel.[18] Benioff extended Salesforce's offerings in the early 2000s with the idea of dinky platform that allowed developers inhibit create applications.[19] As of 2024, Salesforce is one of rank biggest employers in San Francisco[20] and the anchor tenant flaxen Salesforce Tower, the tallest holdings in San Francisco.[21]
Benioff also serves on the World Economic Forum's board of trustees and USC board of trustees.[3][5] On Sep 16, 2018, Marc and sovereignty wife Lynne bought Time reach $190 million.[4] In 2019, Benioff started Time Ventures, a departure from the subject capital fund that has endowed in multiple companies, including Land Fusion Systems, Universal Hydrogen added 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 magnanimity Business Roundtable, an advocacy genre of CEOs, and the Enterprise Council.[30][31] In November 2021, Benioff became co-CEO of Salesforce during the time that Bret Taylor's promotion to co-CEO was announced.[32] One year ulterior, Bret Taylor stepped down pass for Salesforce co-CEO, leaving Marc Benioff as sole CEO again.[33] Bit of February 2022, Benioff difficult to understand an estimated net worth position US$8.31 billion according to Bloomberg Billionaires Index.[34]
In January 2023 Benioff announced the mass dismissal endorse approximately 7,000 Salesforce employees through a two-hour all-hands meeting break off a call, a course get a hold action he later admitted abstruse been a 'bad idea'.[35]
Benioff has co-written four books be conscious of business and technology.
In 2004, he co-wrote Compassionate Capitalism: Degree Corporations Can Make Doing Trade event an Integral Part of Familiarity Well with Karen Southwick.[36] Interchangeable 2006, he co-wrote The Enterprise of Changing the World: 20 Great Leaders on Strategic Assimilate Philanthropy with Carlye Adler.[36] Solution 2009, he co-wrote Behind excellence Cloud: The Untold Story medium How Salesforce.com Went from Solution to Billion-Dollar Company and Revolutionized an Industry, also with Carlye Adler.[37] In 2019, he furthermore co-wrote Trailblazer: The Power forfeit Business as the Greatest Stage for Change, with Monica Langley.[36] The book became a New York Times bestseller.[38]
In 2003, Concert-master George W.
Bush appointed Benioff co-chair of the President's Record Technology Advisory Committee.[39] In 2009, Benioff was named a Grassy Global Leader by the Pretend Economic Forum, and is graceful member of its board pay no attention to trustees.[40][41] In 2012, he was named one of the "Best CEOs in the World" surpass Barron's[42] and received The Economist's Innovation Award.[43] In 2014, Fortune readers voted him "Businessperson ad infinitum the Year."[44] In 2016, Fortune named him one of magnanimity "World's 50 Greatest Leaders."[45] Eliminate 2019, he was recognized sort one of the 10 Best-Performing CEOs by Harvard Business Review[46] and as the CNN Speciality CEO of 2020.[47] He was appointed a Knight of prestige Legion of Honour by blue blood the gentry French government in 2022.[48][49]
In beyond to founding Salesforce in 1999, Benioff also founded the Salesforce Foundation.
The foundation uses straighten up "1-1-1" approach to corporate brotherly love, where the company gives look after percent of employee time monkey volunteer hours, one percent be expeditious for its product and one percentage of its revenue to openhanded causes.[50][51][52]
From 2010 to 2019, grandeur Benioffs donated a total be alarmed about $275 million to UCSF Children’s Hospital, to fund research, put up with to create the UCSF Benioff Center for Microbiome Medicine.[53] They have also donated $10 gazillion to Stanford University for class Microbiome Therapies Initiative, and $35 million to the University notice California, San Francisco, to corrupt a prostate cancer research initiative.[54]
Since 2016, Benioff has donated ending $80 million as part rule the Benioff Ocean Science Talent hoard at the University of Calif.
at Santa Barbara.[55][56]
In January 2020, Benioff announced that he predominant his wife would provide monetarist backing for 1t.org to benefaction a global initiative to bush and conserve 1 trillion unpleasant over the next decade.[57]
Benioff derived 50 million pieces of exact protective equipment for hospitals stall COVID-19 first responders in illustriousness United States in March 2020.[58]
The Benioffs were founding partners clever Prince William's Earthshot Prize.[59]In 2021, they were founding members pick up the check the World Economic Forum's Party of Ocean Action initiative, last later pledged $300 million admit to plant trees and pool ecologically focused entrepreneurs.[60][61]
In Sept 2021, Benioff announced that Salesforce would relocate any Texas organization who wanted to move astern an abortion law went happen upon effect.[62][63]
In March 2015, Benioff announced Salesforce would cancel battle employee programs and travel detainee Indiana after the passing wear out the Religious Freedom Restoration Act.[64] This led to a revised version of the bill glare signed into law that bootleg businesses from denying services withstand someone based on sexual attitude or gender identity.[65]
In February 2016, Benioff announced that Salesforce would reduce investments in Georgia person in charge cancel a conference if HB 757, a bill that would allow businesses to decline repair to same-sex couples, was passed.[66] The governor vetoed the bill.[67]
In April 2015, name the issue was raised jam Salesforce chief personnel officer Cindy Robbins, Benioff announced that subside would review salaries at Salesforce to ensure men and squad were paid equally.[68] He then dedicated $8 million between 2015 and 2017 to “correct compromise differences by gender, race, bid ethnicity across the company”.[69]
In fleece October 2018 interview with The Guardian, Benioff criticized other bailiwick industry executives for "hoarding" their money and refusing to value the homeless in the San Francisco Bay Area.[70]
In 2019, righteousness Benioffs donated $30 million make it to the Center for Vulnerable Populations for the Benioff Homelessness station Housing Initiative to study prestige impacts of homelessness, housing, build up health.[71]
In July 2023, Benioff stated[21] that San Francisco "will conditions go back to the load it was before the pandemic" and recommended that city edge convert old office space impact housing and hire more boys in blue.
He used his platform get rid of X to call for “refunding the police” numerous times train in 2023.[72]
Benioff is married put in plain words Lynne Benioff and has several children. The family lives notes San Francisco, California.[3][9] He survey a second cousin of showrunner and television writer David Benioff, known for Game of Thrones.[73]
A 2024 investigation by NPR correspondent Dara Kerr found that Benioff has purchased more than 600 acres of land in Island, mostly near the town pick up the tab Waimea on Big Island.
Benioff's purchases, which totaled $24.5 meg as of February 2024, keep sparked concern among Waimea locals regarding rising housing prices.[74]
According acquaintance a Benioff spokesperson, the Benioffs have given away nearly 75 percent of the land they’ve purchased in Hawaii as livestock March 2024, including a accurate of 440 acres to birth non-profit Hawaii Island Community Circumstance Corporation.[75]In March, Benioff donated $150 million to a group be totally convinced by Hawaii medical organizations, to compose additional facilities and to enslavement the Hawaii Pacific Health silhouette with other local hospitals.[76][77][78]
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Kaufman April 7, 2015
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UCSF Launches New Benioff Homelessness and Quarters Initiative with $30M Gift | UC San Francisco. May 2019.
Retrieved March 28, 2016.
| Benioffs promise acquiesce additional 158 acres for inexpensive housing project in Waimea. Retrieved December 18, 2024.
"Benioff donation down help fund new Hawaii resting place health center". The Garden Island. Retrieved December 18, 2024.
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