Feb 25, 2020 - Economy & Business

Salesforce co-CEO Keith Block steps down

Photo: Erik McGregor/LightRocket via Getty Images

Keith Block is stepping down as co-CEO of Salesforce, leaving co-founder Marc Benioff as the sole chief executive of the company once again.

The big picture: Block, who joined the company in 2013 from Oracle, was promoted to co-CEO less than two years ago to give Benioff more time to focus on other interests. Block will stay on as an adviser to Benioff, the company said.

Meanwhile: Salesforce separately agreed Tuesday to buy Vlocity, which makes cloud-based apps that run on Salesforce's signature platform, for $1.33 billion.

Go deeper

Disney and Salesforce departures highlight intensifying CEO shuffle

Bob Iger. Photo by Rodin Eckenroth/FilmMagic

A wave of CEO departures was announced Tuesday, as the chief executives of Mastercard, Salesforce, Thomson Reuters and Disney all had notice of their impending departures made official.

The big picture: The incredibly high-profile turnover announcements are part of what has become an emergent trend at the top of U.S. businesses over the past year.

White House to pursue "1 Trillion Trees" initiative

A White House tree. Photo: Jonathan Ernst/Reuters

Officials from the White House, Congress, nonprofits and business will meet at the White House Wednesday to pursue a "1 Trillion Trees" initiative.

What's happening: The plan, launched in January in Davos, aims to "grow, restore and conserve 1 trillion trees around the world — in a bid to restore biodiversity and help fight climate change," the World Economic Forum said.

Go deeperArrowUpdated Mar 11, 2020 - Politics & Policy

Tim Cook to allow most Apple staff to work from home this week

Photo: Justin Sullivan/Getty Images

Apple CEO Tim Cook has informed employees in most global offices that they may work from home between March 9–13 as the company grapples with the "unprecedented" coronavirus outbreak, according to a memo first reported by Bloomberg and confirmed by Axios.

The big picture: Apple joins a chorus of other companies encouraging workers in Seattle or the Bay Area to work from home, including Amazon, Facebook, Microsoft and Salesforce. Apple, like these other companies, said in the memo will continue to pay its hourly staff while full-time workers telecommute.

Go deeper: Apple's coronavirus warning foreshadows broader threat for tech