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As Elliott withdraws Salesforce board nominations, activist pressure could be easing

Could activist peace be at hand at Salesforce? With the announcement Monday that Elliott would be withdrawing its nomination for the board of directors, it seems that the CRM leader could have forged a peace agreement. The question is: At what cost?
While it’s not clear what this agreement means to the other four activist firms operating inside the company, Elliott is likely pleased with the company’s recent changes including a surprisingly strong quarter combined with some moves like shareholder buy-backs, disbanding the M&A group and cost reduction strategies (which partly translated to

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