Matthew McConaughey Archives - theprimarymarket.com Thu, 02 Mar 2023 08:57:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 Salesforce is Paying Matthew McConaughey $10 Million Annually Despite Cost-Cutting Efforts https://theprimarymarket.com/salesforce-is-paying-matthew-mcconaughey-10-million-annually-despite-cost-cutting-efforts/ Tue, 28 Feb 2023 23:45:00 +0000 https://theprimarymarket.com/?p=2523 San Francisco-based cloud giant Salesforce jumped on the wave of layoffs in the tech sector back in January and said goodbye to around 8,000 workers. While this was considered a cost-cutting effort at the time, it appears that the company isn’t shy about spending the money for other purposes. A recent report by Wall Street […]

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]]> San Francisco-based cloud giant Salesforce jumped on the wave of layoffs in the tech sector back in January and said goodbye to around 8,000 workers. While this was considered a cost-cutting effort at the time, it appears that the company isn’t shy about spending the money for other purposes.

A recent report by Wall Street Journal revealed that despite layoffs, Salesforce kept its most famous employee in Academy Award-winning actor Matthew McConaughey. According to WSJ, McConaughey serves as a creative adviser and TV pitchman for the company and is getting $10 million annually for the work he does.

McConaughey, who appeared in a Super Bowl ad for Salesforce during LVI, reportedly receives his compensation in cash and equity. He is also a private friend of Salesforce CEO Marc Benioff, although the latter insists the actor’s involvement with the company is unrelated to that.

Despite the controversy, Salesforce is coming off a successful quarter. According to Wednesday’s Q4 results, the company had $8.38 billion in revenue compared to the $8 billion expected while also beating Wall Street’s adjusted earnings per share estimates with $1.68 versus the $1.37 expected.

The promising results have helped Salesforce stock to make a significant jump on Wednesday. After closing at $167.35 per share, the stock surged by 15.5% in after-hours trading.

The post Salesforce is Paying Matthew McConaughey $10 Million Annually Despite Cost-Cutting Efforts appeared first on theprimarymarket.com.

]]> ersion="1.0" encoding="UTF-8"?> Matthew McConaughey Archives - theprimarymarket.com Thu, 02 Mar 2023 08:57:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 Salesforce is Paying Matthew McConaughey $10 Million Annually Despite Cost-Cutting Efforts https://theprimarymarket.com/salesforce-is-paying-matthew-mcconaughey-10-million-annually-despite-cost-cutting-efforts/ Tue, 28 Feb 2023 23:45:00 +0000 https://theprimarymarket.com/?p=2523 San Francisco-based cloud giant Salesforce jumped on the wave of layoffs in the tech sector back in January and said goodbye to around 8,000 workers. While this was considered a cost-cutting effort at the time, it appears that the company isn’t shy about spending the money for other purposes. A recent report by Wall Street […]

The post Salesforce is Paying Matthew McConaughey $10 Million Annually Despite Cost-Cutting Efforts appeared first on theprimarymarket.com.

]]> San Francisco-based cloud giant Salesforce jumped on the wave of layoffs in the tech sector back in January and said goodbye to around 8,000 workers. While this was considered a cost-cutting effort at the time, it appears that the company isn’t shy about spending the money for other purposes.

A recent report by Wall Street Journal revealed that despite layoffs, Salesforce kept its most famous employee in Academy Award-winning actor Matthew McConaughey. According to WSJ, McConaughey serves as a creative adviser and TV pitchman for the company and is getting $10 million annually for the work he does.

McConaughey, who appeared in a Super Bowl ad for Salesforce during LVI, reportedly receives his compensation in cash and equity. He is also a private friend of Salesforce CEO Marc Benioff, although the latter insists the actor’s involvement with the company is unrelated to that.

Despite the controversy, Salesforce is coming off a successful quarter. According to Wednesday’s Q4 results, the company had $8.38 billion in revenue compared to the $8 billion expected while also beating Wall Street’s adjusted earnings per share estimates with $1.68 versus the $1.37 expected.

The promising results have helped Salesforce stock to make a significant jump on Wednesday. After closing at $167.35 per share, the stock surged by 15.5% in after-hours trading.

The post Salesforce is Paying Matthew McConaughey $10 Million Annually Despite Cost-Cutting Efforts appeared first on theprimarymarket.com.

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