Boston, MA 05/08/2014 (wallstreetpr) – Salesforce.com, inc. (NYSE:CRM)’s Chief executive officer have a reason to show a broad smile as he receives a huge raise of $27.7 million in the form of options. Marc Benioff is the Chief Executive Officer of the company. He has received a raise for the year and also is eligible to get bigger options grant in fiscal year 2014. As of now, his total compensation has increased by 42% to $31.3 million for the tear.
The details of the raise
Benioff’s will now receive a salary of $1.2 million as compared to $1 million. The biggest reward comes in the form of the stock options of $27.7 million. Apart from it, the CEO of Salesforce will receive $1.69 million of incentive pay. The good things do not stop here. He is also entitled to receive $784,088 in other benefits. The other benefits will include security arrangements. Coming back to year 2013, Benioff was granted stock options worth $18.9 million and the total pay stood at $22.1 million.
The company and the CEO
Salesforce.com, inc. (NYSE:CRM) deals in the customer management software. It is the biggest maker of the software in the US. The company came up with its fiscal first quarter forecast in February. The forecasts were much better than the market expectations. It will post its first quarter results on May 20, 2014 after the market hours. It is moving ahead strong with many large contracts in the bag. Benioff is playing an important role in the success of the company. The focus is more on the acquisitions in the segment of marketing software. Also, he owns 7.1% of salesforce’s common stock.
The other side of CEO
Apart from the business acumen, Benioff has a philanthropic side. He is a big supporter of philanthropy in the industry. Recently, he has helped a children’s hospital at San Francisco by donating a huge amount of $200 million. He is determined to help needy people in their needs of health, education and housing.
