Feeds

Salesforce.com president and chief strategy officer departs

Mass exec exodus?

Boost IT visibility and business value

The president of Salesforce.com has definitely left the building, and two other high-level execs have reportedly been laid off as well.

There may have been a bigger executive shakeup in recent weeks than the San Francisco business software maker has disclosed.

The company confirmed its president and chief strategy officer Steve Cakebread has resigned, effective February 1. According to a filing with the SEC, his resignation was for "personal reasons and does not involve any controversy or disagreement with the company."

Meanwhile, Reuters cites unnamed sources that say Salesforce also laid off Gary Hanna, executive vice president for enterprise sales and another unnamed senior veep.

When asked for confirmation, Salesforce told us they have "no comment on rumors and speculation, thanks."

All it was willing to divulge about the departures was a send-off quote for Cakebread.

"Steve did a remarkable job in his time here at salesforce.com, putting the people and processes in place to build an outstanding company. And we wish him all the best in his future endeavours," stated Bruce Francis, Salesforce corporate strategy veep.

Cakebread joined the company in May 2002, three years after its founding. According to the SEC report, he'll receive a severance payment of $200,000 and full payment of his 2009 fiscal year bonus of $225,000.

As for the allegedly laid-off veeps, while non-vital executives come and go all the time in big companies, it's not a stretch of the imagination to suspect a cost-cutting measure given the global recession. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.