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Elliott or High Water

News and notes about the inside chatter on Wall Street: Can Marc Benioff defang Elliott’s Jesse Cohn? Could Larry Summers be wooed back to Washington? And Elon fundraising fantasies...

Elliott Management has announced a multi-billion dollar position in Salesforce. Should co-C.E.O. Marc Benioff be worried?
Elliott Management has announced a multi-billion dollar position in Salesforce. Should co-C.E.O. Marc Benioff be worried? Photo: Jemal Countess/Getty Images
William D. Cohan
January 29, 2023

Last week, the biggest news at the crossroads of Wall Street and Silicon Valley was Elliott Management’s announcement of a multi-billion dollar position in Marc Benioff’s Salesforce, Inc. “Salesforce is one of the preeminent software companies in the world, and having followed the company for nearly two decades, we have developed a deep respect for Marc Benioff and what he has built,” Jesse Cohn, the wunderkind activist at Elliott, said in a dose of marvelous understated grin-fucking.