The board had urged shareholders to vote in favor of the decision. However two shareholder advisory corporations, Glass Lewis and Institutional Shareholder Companies, each advisable that buyers vote down the measure.For the 2024 fiscal yr, Benioff acquired $39.6 million in complete pay, up from $29.9 million within the prior yr. Whereas Benioff’s wage was flat at $1.55 million, he acquired further inventory and possibility awards and nonequity incentive plan compensation, in line with the proxy assertion. The newest sum additionally included safety charges that had not beforehand been invoiced to the corporate.In January, the board’s compensation committee gave Benioff a second long-term fairness award price $20 million, in recognition of the corporate’s “profitable transformation actions and powerful monetary efficiency within the fiscal yr,” amongst different components.Glass Lewis wrote in its advice that “shareholders might fairly be cautious of the substantial discretionary fairness grants” issued to Benioff in January, including that there was a “lack of a totally convincing rationale” behind the grants.Benioff was already among the many largest holders of Salesforce, with a stake of over 2% valued at near $6 billion. Glass Lewis mentioned in its proxy paper that the extra performance-based restricted inventory models and inventory choices had been “unwarranted” as a result of his pursuits had been already aligned with that of shareholders.The vote from the annual assembly is nonbinding.”Our Compensation Committee, which is accountable for designing and administering our govt compensation program, values the opinions expressed by our stockholders and can contemplate the result of this vote when making future govt compensation choices,” Salesforce’s board mentioned within the firm’s proxy assertion.The corporate declined to remark.Salesforce shares rose 67% within the 2024 fiscal yr ended Jan. 31, the strongest efficiency since 2011.Web revenue jumped to $4.1 billion within the fiscal yr from $208 million a yr earlier, whereas income elevated 11% to $34.9 billion from $31.4 billion. In January 2023, Salesforce introduced plans to put off 10% of workers, after activist buyers started shopping for up stakes and demanding a greater mixture of revenue and progress. Salesforce mentioned in February it might start paying a dividend to shareholders.Salesforce shares are off 2.6% yr up to now.