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Cramer sees a ‘good chance’ Salesforce’s Benioff will soon announce succession plans



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Jim Cramer suggested Saturday that plans for a leadership change at Club holding Salesforce (CRM) — helmed by co-founder Marc Benioff for more than two decades — may be disclosed in the near future. “There will be a good chance that Marc will [soon] announce a successor or Marc will announce that he will [only] be chairman,” Jim said Saturday during the Club’s first-ever “Annual Meeting” in New York City before a live audience. Benioff, an influential Silicon Valley entrepreneur and philanthropist, is currently chairman and CEO. Such a development would come after five activist investors — including the venerable hedge fund Elliott Management — have recently built stakes in the enterprise software maker, which is set to report fourth-quarter earnings after the closing bell Wednesday. Activist …

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