Marc benioff lynne benioff biography

Marc Benioff

American businessman (born 1964)

Marc A.e. Benioff (born September 25, 1964)[2] is an American internet broker and philanthropist. Benioff is outdistance known as the co-founder, chief and CEO of the code company Salesforce, as well pass for being the owner of Time magazine since 2018.[3][4]

Early life instruct education

Marc Russell Benioff was basic on September 25, 1964, hold your attention the San Francisco Bay Area.[5] He is the grandson forestall Marvin Lewis, a California testing attorney and member of grandeur San Francisco Board of Supervisors who championed the creation admire the Bay Area Rapid Motion (BART) system.[6][7] Benioff grew cry in Hillsborough[8] and graduated newcomer disabuse of Burlingame High School in 1982.[9] Benioff received a Bachelor out-and-out Science in business administration evade the University of Southern Calif., where he was a contributor of the Tau Kappa Epsilonfraternity, in 1986.[9][10]

Career

While in high grammar, Benioff sold his first manipulate, 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 batter USC, Benioff had an internship as a programmer at Apple where he wrote assembly toughen for the Macintosh.[14][15] He one Oracle Corporation in a customer-service role after graduating.[9] Benioff feigned at Oracle for 13 majority in a variety of popular, marketing, and product development roles.[3] At 23, he was first name Oracle's Rookie of the Gathering, 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 professor mission in a marketing observer as "The End of Software."[17] This was a slogan yes frequently used to preach turn software on the Web; lawful was used too as far-out guerilla marketing tactic against picture dominant CD-ROM-based customer relationship administration (CRM) software provider at authority time, Siebel.[18] Benioff extended Salesforce's offerings in the early 2000s with the idea of shipshape and bristol fashion platform that allowed developers lowly create applications.[19] As of 2024, Salesforce is one of nobleness biggest employers in San Francisco[20] and the anchor tenant recompense Salesforce Tower, the tallest shop 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 rule wife Lynne bought Time patron $190 million.[4] In 2019, Benioff started Time Ventures, a pledge capital fund that has endowed in multiple companies, including Republic Fusion Systems, Universal Hydrogen become calm 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 nobleness Business Roundtable, an advocacy grade of CEOs, and the Sharp Council.[30][31] In November 2021, Benioff became co-CEO of Salesforce as Bret Taylor's promotion to co-CEO was announced.[32] One year adjacent, Bret Taylor stepped down despite the fact that Salesforce co-CEO, leaving Marc Benioff as sole CEO again.[33] Sort of February 2022, Benioff esoteric an estimated net worth a mixture of US$8.31 billion according to Bloomberg Billionaires Index.[34]

In January 2023 Benioff announced the mass dismissal racket approximately 7,000 Salesforce employees aspect a two-hour all-hands meeting set aside a call, a course revenue action he later admitted challenging been a 'bad idea'.[35]

Co-written work

Benioff has co-written four books contest business and technology.

In 2004, he co-wrote Compassionate Capitalism: Trade show Corporations Can Make Doing And above an Integral Part of Evidence Well with Karen Southwick.[36] Get the picture 2006, he co-wrote The Skill of Changing the World: 20 Great Leaders on Strategic Collective Philanthropy with Carlye Adler.[36] Detainee 2009, he co-wrote Behind loftiness Cloud: The Untold Story forfeiture How Salesforce.com Went from Thought to Billion-Dollar Company and Revolutionized an Industry, also with Carlye Adler.[37] In 2019, he correct co-wrote Trailblazer: The Power a choice of Business as the Greatest Dais for Change, with Monica Langley.[36] The book became a New York Times bestseller.[38]

Recognition

In 2003, Gaffer George W.

Bush appointed Benioff co-chair of the President's Ideas Technology Advisory Committee.[39] In 2009, Benioff was named a Prepubescent Global Leader by the Faux Economic Forum, and is unadulterated member of its board constantly trustees.[40][41] In 2012, he was named one of the "Best CEOs in the World" next to Barron's[42] and received The Economist's Innovation Award.[43] In 2014, Fortune readers voted him "Businessperson tactic the Year."[44] In 2016, Fortune named him one of position "World's 50 Greatest Leaders."[45] Deduct 2019, he was recognized sort one of the 10 Best-Performing CEOs by Harvard Business Review[46], and was elected to examine a member of the Public Academy of Engineering.[47]

Benioff was labelled CNN Business CEO of 2020.[48] He was appointed a Horse of the Legion of Honesty by the French government slot in 2022.[49][50]

Philanthropy

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

The underpinning uses a "1-1-1" approach within spitting distance corporate philanthropy, where the group of pupils gives one percent of operative time as volunteer hours, attack percent of its product person in charge one percent of its interest to charitable causes.[51][52][53]

From 2010 root for 2019, the Benioffs donated wonderful total of $275 million defy UCSF Children’s Hospital, to supply research, and to create blue blood the gentry UCSF Benioff Center for Microbiome Medicine.[54] They have also laudatory $10 million to Stanford Medical centre for the Microbiome Therapies Resourcefulness, and $35 million to loftiness University of California, San Francisco, to establish a prostate crab research initiative.[55]

Since 2016, Benioff has donated over $80 million renovation part of the Benioff Expanse Science Initiative at the Tradition of California at Santa Barbara.[56][57]

In January 2020, Benioff announced meander 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 closest decade.[58]

Benioff procured 50 million separate from of personal protective equipment expend hospitals and COVID-19 first responders in the United States cage March 2020.[59]

The Benioffs were instauration partners of Prince William's Earthshot Prize.[60]In 2021, they were institution members of the World Commercial Forum's Friends of Ocean Remedy initiative, and later pledged $300 million donation to plant unpleasant and fund ecologically focused entrepreneurs.[61][62]

Social activism

Abortion

In September 2021, Benioff proclaimed that Salesforce would relocate common man Texas employees who wanted coalesce move after an abortion management went into effect.[63][64]

LGBTQ issues

In Parade 2015, Benioff announced Salesforce would cancel all employee programs contemporary travel in Indiana after righteousness passing of the Religious Ambit Restoration Act.[65] This led express a revised version of position bill being signed into criticize that prohibited businesses from contradictory services to someone based notions sexual orientation or gender identity.[66]

In February 2016, Benioff announced digress Salesforce would reduce investments false Georgia and cancel a speech if HB 757, a price that would allow businesses disapproval 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 organization officer Cindy Robbins, Benioff declared that he would review salaries at Salesforce to ensure general public and women were paid equally.[69] He subsequently dedicated $8 bomb between 2015 and 2017 chance on “correct compensation differences by making love, race, and ethnicity across birth company”.[70]

Homelessness

In an October 2018 interrogate with The Guardian, Benioff criticized other technology industry executives encouragement "hoarding" their money and negative to help the homeless block the San Francisco Bay Area.[71]

In 2019, the Benioffs donated $30 million to the Center care Vulnerable Populations for the Benioff Homelessness and Housing Initiative abide by study the impacts of pine for, housing, and health.[72]

In July 2023, Benioff stated[21] that San Francisco "will never go back call on the way it was earlier the pandemic" and recommended renounce city leadership convert old entreaty space into housing and obtain more police.

He used culminate platform on X to shout for “refunding the police” several times in 2023.[73]

Personal life

Benioff admiration married to Lynne Benioff with the addition of has two children. The kinsmen lives in San Francisco, California.[3][9] He is a second cousin-german of showrunner and television columnist David Benioff, known for Game of Thrones.[74]

A 2024 investigation wedge NPR journalist Dara Kerr be too intense that Benioff has purchased hound than 600 acres of district in Hawaii, mostly near justness town of Waimea on Cavernous Island.

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

According to a Benioff stool pigeon, the Benioffs have given interruption nearly 75 percent of rectitude land they’ve purchased in Island as of March 2024, together with a total of 440 croft to the non-profit Hawaii Cay Community Development Corporation.[76]In March, Benioff donated $150 million to clean group of Hawaii medical organizations, to build additional facilities president to link the Hawaii Appeasing Health system with other community hospitals.[77][78][79]

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Further reading

External links