"We appreciate the perspective the team brings, as well as their commitment to our Company and mission. 4 2021, Published 3:06 p.m. Twitter is now executing against an ambitious multi-year plan to dramatically increase the company's reach and value, and we look forward to the next chapter of Twitter's story. MISSOULA ~ Marc was born in New York City February 6th, 1952, the eldest of four children to Alexander Steinberg and Jane Nickerson Steinberg, both progressive, hard working . It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. 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You will be notified in advance of any changes in rate or terms. Marc Steinberg Joins Board as Independent Director. PINS Price Action: Pinterest has a 52-week high of $41.23 and a 52-week low of . Words such as "believe," "project," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "plan" and similar expressions are intended to identify forward-looking statements. Announcing the layoffs, Benioff cited the economic slowdown that has resulted in many of its customers reducing spending on software. Mr. Cohn is also a member of the Management, Allocation, and Global Situational Investment Committees at Elliott Investment Management L.P. Mr. Cohn is a member of the Advisory Board at the Harvard Law School Program on Corporate . Mr. Cohn is also a member of theManagement, Allocation, and Global Situational Investment Committees at Elliott Investment ManagementL.P. Mr. Cohn is a member of the Advisory Board at the Harvard Law School Program onCorporate Governance. Marc Steinberg Joins Board as Independent Director. Activist investors can be a blessing, depending on how they get along with the target companys senior leadership, the analyst said. $ + tax click here! Elliott has made many technology-focused investments. The news was first reported today by the Wall Street Journal, which said details of Elliotts plans for Salesforce could not be learned at this time. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. Sign up for free newsletters and get more CNBC delivered to your inbox. Pinterest said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company. Earlier this month, the company announced plans to lay off 10% of its staff, while reducing office space in some markets. Salesforce did not immediately respond to a Reuters request for comment and Elliott declined to comment. A Division of NBCUniversal. In its fiscal 2022 third quarter results, the company reported revenue of $7.84 billion, up 14% from a year earlier. Email: Marc.Steinberg@concordia.ca. "Over the past several weeks, Elliott has engaged privately with Cubic regarding a potential acquisition of the company," Partner Jesse Cohn and Portfolio Manager Marc Steinberg said in a statement. Pinterest CEO Bill Ready, who took the job . Jesse Cohn. New York, New York. (Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to people familiar with the matter. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. View the profiles of professionals named "Marc Steinberg" on LinkedIn. The two sides had been holding talks for several months. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2022, which is available on our investor relations website at investor.pinterestinc.com and on the SEC website at www.sec.gov. Words such as believe, project, may, will, estimate, continue, anticipate, intend, expect, plan and similar expressions are intended to identify forward-looking statements. "Our discussions with Jason and the board have been positive and productive, and we are pleased to have worked collaboratively to reach this agreement," Marc Steinberg, Elliott senior portfolio . Im proud of the results Bill and the team have delivered and have confidence in his leadership and ability to continue creating long-term value for Pinners and our shareholders.. Just days after Taylors upcoming departure was announced, Stewart Butterfield, the co-founder and CEO of Slack Technologies Inc., who joined Salesforce when it acquired his messaging company for $27 billion last year, also announced his decision to leave. Carrier equipment maker Ericsson lets go 8,500 employees, Apple reportedly planning second-generation mixed reality headset for 2025, Report: Justice Department plans lawsuit to block Adobe's $20B Figma acquisition, Galaxy Digital finalizes $44M acquisition of crypto self-custody platform GK8, Meta releases LLaMA to democratize access to large language AI models, Dapper Labs cuts 20% more staff in a second round of layoffs, INFRA - BY MARIA DEUTSCHER . Salesforce had almost 80,000 global employees on its books at the end of October 2022, up from just over 49,000 in January 2020, company filings show. He added that he has "developed a deep respect for Marc Benioff and what he has built." View source version on businesswire.com: Senior Portfolio Manager at Elliott Management . Website (s): The Platform Lab. On Feb. 23, Tiger Woods ' longtime agent, Mark . Elliott said in July that its stake in Pinterest topped 9%. Mr. Steinberg received his A.B. The Platform Economy argues that the "platformization" of capitalism has transformed everything, and it is imperative that we have a historically precise, robust understanding of this widespread concept.Taking Japan as the key site for global platformization, Marc Steinberg delves into that nation's unique technological and managerial trajectory, in the process systematically examining . The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. SAN FRANCISCO--(BUSINESS WIRE)-- The investment firm reached a similar agreement with Twitter in March 2020, with partner Jesse Cohn added to Twitters board of directors, along with Silver Lake co-CEO and managing partner Egon Durban. Click here to join the free and open Startup Showcase event. WEST PALM BEACH, Fla., Nov. 29, 2021 /PRNewswire/ --Elliott Investment Management L.P. ("Elliott") today released the following statement on behalf of Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg regarding the leadership changes announced at Twitter (NYSE: TWTR): Twitter is the leading global medium for real-time conversation and engagement, and our collaboration with Jack and the company for the past two years has been productive and effective. } Campbells Soup Sales Were Declining. His impressive client roster includes one of the biggest names in all of . Salesforce is valued at $151.3 billion. We appreciate the perspective the team brings, as well as their commitment to our Company and mission. 625 followers . Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a . Select this result to view Brad Lee Steinberg's phone number, address, and more. The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. View Marc Steinberg's profile on LinkedIn, the world's largest professional community. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous . Business EnterprisesLegal Structures, Governance, and Policy: Cases, Materials, and Problems, Fourth Edition. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. . Shares of the company rose more than 3% in premarket trading on Monday. Pinterest, Inc. (NYSE: PINS) today announced it has entered into a long-term cooperation agreement with Elliott Investment Management L.P. (together with certain affiliates, "Elliott"), including the appointment of Marc Steinberg, Senior Portfolio Manager at Elliott, to the Board of . Elliott, one of the world's busiest . The Wall Street Journal was the first to report that Elliott had taken a stake in Salesforce. In a statement, Elliott executives Jesse Cohn and Marc Steinberg suggested that it had thrown its full support behind Bill Ready, who joined the company at the end of June, with co-founder and CEO . Marc Steinberg's appointment to the Board is a clear result of the strong partnership between @Elliottinvmgmt & @Pinterest. ET. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing . font-weight:500; It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. Under the cooperation agreement, Elliott has agreed to standstill, voting, confidentiality and other commitments. Mr. Cohn earned his B.S. ", "Elliott understands our vision at Pinterest: to build a place where Pinners can find inspiration and, in doing so, create value for businesses," said Ben Silbermann, Co-founder and Executive Chairman, Pinterest. He currently serves on the board of directors of two private companies: Nielsen, a global leader in audience insights, data and analytics, and Cubic, a technology-driven provider of solutions for public transit and defense applications. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties, including, among other things, statements about our future operational and financial performance. We undertake no duty to update this information unless required by law. In a letter to AT&T's board, Elliott Management partner Jesse Cohn and associate portfolio manager Marc Steinberg wrote that AT&T's stock could potentially surge to above $60 a share by 2021 . Elliotts next steps with Salesforce remain to be seen, but the activist investor typically pushes for executive changes and sales of various assets, or even the company itself. Activist investor Elliott Management has made a multi-billion dollar investment in cloud-based software firm Salesforce, according to people familiar with the matter. Neil Doshi We believe that Bill and the Pinterest team are the right leaders to guide the Company forward and we think they have only scratched the surface of the Companys potential. Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. Last year, it forced Pinterest Inc. to add senior Elliott portfolio manager Marc Steinberg to its board. color: #ddd; Earlier this year, Salesforce, which is valued at $151.3 billion, said it planned to cut jobs by 10% and close some offices after rapid pandemic hiring left it with a bloated workforce. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties, including, among other things, statements about our future operational and financial performance. Previously, Marc was an Associate Por tfolio Manager at Investment Firm and also held positions at Centerview Partners, . margin: 0 45px; We undertake no duty to update this information unless required by law. Senior Portfolio Manager at Elliott Management Greenwich, Connecticut, United States. and illustrates our shared commitment to shareholder value creation and @Pinterest 's future. Perspective the team brings, as well as their commitment to our and! Also held positions at Centerview Partners, 41.23 and a 52-week high of $ 41.23 and 52-week! 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