Departing Salesforce co-CEO Keith Block is known as a 'strong operator' who also made a sudden exit at Oracle
Keith Block, the departing co-CEO of Salesforce, first joined the company in 2013 after a sudden and unexpected departure from Oracle. Block had been a respected sales executive at Oracle before clashing with the late Mark Hurd, who had been co-president, when Block led the tech giant's North America sales organization. Their feud turned nasty public after Block's text messages denigrating Hurd became public. In one message to a colleague, Block called Hurd "lots of noise, not much results." Block quickly became a star executive at Salesforce where he was named co-CEO in 2018. "Keith Block is a super strong operator" who "presided over tremendous growth at Salesforce and had a big role in shaping what the company is today," IDC President Crawford Del Prete told Business Insider. Click here for more BI Prime stories.
Keith Block's surprising exit as Salesforce co-CEO caps what had been an impressive run at the tech powerhouse he helped lead against his former company, Oracle. Salesforce said Tuesday that Block is stepping down as founder Marc Benioff's co-CEO. Block will remain as an adviser to Benioff, who will become sole CEO. Block's unexpected departure at Salesforce marks yet another sudden exit in a distinguished, though sometimes controversial, career in the business software market. Block's Oracle career Block joined Salesforce in 2013 after a distinguished 26-year career at rival Oracle where he played a critical sales role. Block had been head of Oracle's North America sales organization. But Block's Oracle career hit a rough spot after he clashed with the late Mark Hurd, who was then co-president with Safra Catz. The feud turned nasty when Block's text messages denigrating Hurd and the Oracle hardware business were made public during a 2012 court case with Hewlett-Packard. Block complained to another Oracle executive that as Oracle president, Hurd was "lots of noise, not much results," and said Hurd should "be a f------ global president." Block also blasted the decision to buy server giant Sun Microsystems in 2010, saying the business was "dead, dead, dead." Block also said: "We bought a dog...Mark wants us to sell the dog." The messages quickly led to speculation that Block was on the way out which also sent Oracle's stock price to slide at the time. Oracle subsequently confirmed that Block had left the company. A superstar at Salesforce Salesforce quickly moved in to hire Block who is widely respected as an enterprise software sales leader. The hire was widely considered a coup for Salesforce, whose founder Benioff, was also an Oracle alum who was known for public feuds with Oracle founder Larry Ellison. Block's reputation and experience as a respected enterprise sales leader were also seen as giving Salesforce a major edge. Block joined Salesforce as president and chief operating officer. He was named co-CEO in 2018. Salesforce was so impressed with Block's performance the company soon rewarded him with a $211,703 car and an $86,423 watch. IDC President Crawford Del Prete described Block as a super strong operator," who "presided over tremendous growth at Salesforce and had a big role in shaping what the company is today." "At the same time, it's clear that Marc likes doing a lot of things, and one of them is running Salesforce," he told Business Insider. What's next for Block? He speculated that Block will "will take on a role running" another cloud software company. Got a tip about Salesforce or another tech company? Contact this reporter via email at firstname.lastname@example.org, message him on Twitter @benpimentel or send him a secure message through Signal at (510) 731-8429. You can also contact Business Insider securely via SecureDrop.Join the conversation about this story » NOW WATCH: How to find water when you're stuck in the desert
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Salesforce is losing the former CEO of MuleSoft, almost 2 years after he sold his company to the cloud giant for $6.5 billion
Salesforce Executive VP and former MuleSoft CEO Greg Schott is leaving the company, Business Insider has...Salesforce Executive VP and former MuleSoft CEO Greg Schott is leaving the company, Business Insider has learned. Schott came to Salesforce in March 2018 after the cloud software giant bought MuleSoft and was then prompted to executive VP of emerging API initiatives at Salesforce in May. MuleSoft makes tools that helps bring data from one piece of software into another, whether or not they have an official integration, making it a key piece of Salesforce's overall strategy. The news comes not long after the departure of co-CEO Keith Block. Click here for more BI Prime stories. Salesforce Executive VP Greg Schott is leaving the company, Business Insider has learned. An update to Schott's LinkedIn profile shows his employment at Salesforce ending this month. Schott came to Salesforce in March 2018 after the cloud software giant bought MuleSoft, where he had been chairman and CEO since 2009, for $6.5 billion. He was promoted to executive VP of emerging API initiatives at Salesforce in May. News of his departure comes shortly after former Salesforce co-CEO Keith Block made the surprise announcement that he would be stepping down from the role, remaining only as an advisor to CEO Marc Benioff. MuleSoft, for its part, has gone on to become a key part of the company. MuleSoft makes tools that helps bring data from one piece of software into another, whether or not they have an official integration. That's important for Salesforce, which has been working towards a goal of helping its customers get a "360-degree view" of all of the data in their company, across all of their various software systems in the sales, service, and marketing departments. MuleSoft is Salesforce's second biggest acquisition, with its more recent $15.7 billion acquisition of Tableau being the biggest. Schott joined MuleSoft as its CEO and chairman in 2009 and led the company to its IPO in 2017, before it was acquired by Salesforce in 2018. Prior to that he held roles at other software companies. Schott's exit is not unusual for a CEO whose company has been acquired. Ross Mason, MuleSoft's founder, left the company to join the SignalFire venture fund after the acquisition. Scott McCorkle, the former president of ExactTarget, which Salesforce bought for $2.5 billion in 2013, became the head of Salesforce Marketing Cloud. He then left the company in 2016 and later founded a startup called MetaCX. However, Schott's departure is notable for coming so soon after Block announced his own exit, raising the question of whether other execs will follow. Got a tip? Contact this reporter via email at email@example.com or Signal at 925-364-4258. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop.Join the conversation about this story » NOW WATCH: 62 new emoji and emoji variations were just finalized, including a bubble tea emoji and a transgender flag. Here's how everyday people submit their own emoji.
Welcome to this week's edition of Trending, the newsletter where we highlight BI Prime's biggest tech...Welcome to this week's edition of Trending, the newsletter where we highlight BI Prime's biggest tech stories. I'm Alexei Oreskovic, Business Insider's West Coast bureau chief and global tech editor. If this is your first time here, this is how you can get Trending in your inbox every week. This week: From the tower of Salesforce to the kingdom of magic, change is in the air Did someone make Tuesday the official day of CEO goodbyes? Within the span of minutes after the markets closed on Tuesday, Walt Disney CEO Bob Iger and Salesforce co-CEO Keith Block each announced they were stepping down. (If you need a third to make it a trend, Jason Droege, the head of Uber Eats, delivered his adieu by tweet on Tuesday too). Iger has teased his exit from the top job at Disney for years. The surprise was that he finally went through with it. Block, on the other hand, was only 18 months into a co-CEO job alongside Salesforce founder Marc Benioff — a gig that was by all indications supposed to end with Block taking over the candy shop eventually. The timing of these CEO departures is, of course, coincidental. But they say something about the unpredictable nature and dynamics of CEO successions. When you're the boss, it's hard to say goodbye. And that's even more so in the world of tech, where founder-CEOs have more clout (with or without dual-class stock structures) than in other businesses. Whatever the assumptions were about Block being the heir to the Benioff throne, the reality, as Paayal Zaveri reports, is that Benioff and co-founder Parker Harris are still extremely engaged in how the company is run. Benioff may have other interests in philanthropy and public policy, but he's still firing on all cylinders at Salesforce. If it sounds familiar, that's because we've seen this movie before. Larry Ellison is putatively the Chairman and Chief Technology Officer at Oracle, with Safra Catz as CEO (and until recently Mark Hurd, who died in October, serving alongside Catz as co-CEO). These CEO jobs are not just titular. Catz, and Block, truly run major transnational corporations. But the ultimate power at the company lies elsewhere. At one point, Dell had an "Office of the CEO" comprised of Kevin Rollins as chief executive and Michael Dell as Chairman. Michael Dell was said to be preparing for a second act in something new; perhaps politics, people speculated. The second act turned out to be Dell taking over as CEO again, and transforming the PC maker into an enterprise services business. Paayal points to a new crop of rising stars at Salesforce, including ex-Facebook CTO Bret Taylor and Adam Selipsky, the chief of recent Salesforce acquisition Tableau. Some analysts reckon these execs are more suitable heirs to Benioff's freewheeling company and corporate culture than the buttoned-down Block. But I've got a feeling that no matter who has the CEO title, Salesforce will remain a Marc Benioff production for a long time to come. Read the full story here: The sudden departure of Salesforce co-CEO Keith Block could show how Marc Benioff is preparing a new generation of talent to take the reins at the cloud giant A shopping list for Satya Speaking of CEO successions, the reign of Satya Nadella has become one of the most remarkable turnaround stories in modern tech history. Microsoft may not have been in imminent danger of collapse, but it was stuck in a funk that even Bill Gates, who served as Chairman during the troubled years prior to Nadella becoming CEO, could not find a way out of. Nadella's transformation of Microsoft is a story that's still being written. Microsoft has evolved from a PC software company to an enterprise cloud computing giant. And the company has made some significant acquisitions, including GitHub and LinkedIn. And analysts expect Satya to keep shopping — to the tune of $2 billion this year, according to one analyst. Ashley Stewart takes a look at some of the next potential acquisition targets that Microsoft could go after. The list is based on speculation and analysis from people who follow the sector closely — there's nothing to suggest deal discussions are underway with any of these companies. Some of the names on the list are big players themselves, others less so. Read the full story here: Here are the 11 companies that experts think Microsoft could try to acquire in 2020, including Salesforce, Twilio, and Workday Here are some of the latest tech highlights: Walmart just took a big step in its move to break Amazon's control over 3rd-party sellers and is officially letting sellers sign up for its fulfillment service Tech startups have a new 'exit' strategy. Why private equity firms have started plowing billions into acquiring startups. This ex-con hacker just made over $100,000 in a single day helping companies plug up their cybersecurity Suddenly losing her job inspired this marketing pro to start a project to help Chicago's laid-off tech workers find their next gig — and break the shame of layoffs A leaked video shows the head of Microsoft's competitor to Amazon's Twitch telling employees to stay positive, not 'complain and nag' And more goodies from across the BI newsroom: WeWork paid over $2 million in cash to a woman who threatened to expose claims of sex, illegal drugs, and discrimination in a horrifying 50-page document Inside the $1 billion race to develop breakthrough batteries that could store up to 40% more energy and revolutionize our phones, cars, and planes The 21 most influential digital creators based in New York who rule Instagram, YouTube, and other social-media platforms That's it for this week. As always, thanks for reading, and remember, if you like this newsletter, tell your friends and colleagues they can sign up here to receive it. — AlexeiJoin the conversation about this story » NOW WATCH: Inside the US government's top-secret bioweapons lab