Salesforce Shareholders Reject $20M Equity Package for CEO Marc Benioff

Non-binding vote reflects growing scrutiny over executive compensation amid strong financial performance.

Shareholders voted 404.8 million to 339.3 million against the proposed pay package.
The rejected plan included a $20 million equity award on top of Benioff's $39.6 million total compensation for fiscal 2024.
Advisory firms Glass Lewis and ISS recommended against the compensation plan, citing insufficient rationale.
Salesforce's board will consider the vote's outcome in future compensation decisions, though it is not binding.
Benioff's base salary remains at $1.55 million, with the bulk of his pay coming from stock options and incentives.