Businesses are pushing back against California’s new privacy legislation, as outlined in this story in The Wall Street Journal . Businesses expressing their concern included Google, Verizon and some law and industry trade groups. The legislation is similar to Europe’s GDPR regulations, putting strict privacy practices in place regarding how companies share and store data. It isn’t surprising...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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