Salesforce gives Benioff $29M in options, salary hike

|By:, SA News Editor

Salesforce (CRM -1.2%) is giving chairman/CEO Marc Benioff an FY15 (ends Jan. '15) compensation package that includes $28.9M worth of stock options to go with a $1.44M base salary (up from $1.2M for FY14) and a $2.88M target bonus. (8-K)

Benioff, who founded Salesforce in 1999, had a 7.2% stake in the cloud CRM software giant as of March. At current levels, those shares are worth $2.2B.

Ex-employer Larry Ellison, who has been drawing heat from Oracle investors over his pay, has been steadily receiving compensation packages worth more than $60M/year.