Salesforce.com is doing well and when we say well we mean a record-breaking 2013 in which company revenues hit $4 billion dollars. That number, of course, had executives licking their chops come bonus time. Salesforce.com has its annual cash bonuses for executives according to documents filed with the SEC. Unfortunately, despite a record-breaking year their cash bonuses fell short of the maximum amount designated for each executive last spring. Here’s what it looked like just in case you were wondering.
– Co-Founder and CEO Marc Benioff – $1.7 million out of a possible $1.8 million
– Retiring CFO Graham Smith – $562,200 out of a possible $600,000
– Co-Founder Parker Harris – $585,625 out of a possible $625,000
– Executive Vice Chairman Frank van Veenendaal – $585,625 out of a possible $625,000
There has been no information disclosed as to why the executives didn’t receive that max allowable bonus. A max was certainly justifiable after the stock rose from $43 to $57 in 2013. The company did, however, post a year end loss of $232 million mostly because they spent over $2 billion on sales and marketing. That’s one impressive sales and marketing budget!
The company has also been in the news for odd reports like they don’t “really know where their revenue comes from” and they’ve have a roller coaster ride in the stock market. Either way, the executives got paid.
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