Feeds

Salesforce.com president and chief strategy officer departs

Mass exec exodus?

Internet Security Threat Report 2014

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.