Thread by @EpsilonTheory, For six years (2004-2010), Marc Benioff sold 10,000 to 20,000 shares of [...]

For six years (2004-2010), Marc Benioff sold 10,000 to 20,000 shares of CRM stock in the open market for $500k+. Not annually. Not quarterly. Not monthly. Daily.

EVERY SINGLE EFFIN' DAY FOR SIX EFFIN' YEARS. https://nyti.ms/2nNJU2w

Opinion | Marc Benioff: We Need a New Capitalism (Published 2019)

The current system has led to profound inequality. To fix it, we need businesses and executives to value purpose alongside profit.

https://nyti.ms/2nNJU2w

Since 2004, Salesforce has paid out $4.8 BILLION in stock-based comp.

Total net income available for shareholders? $360 million. https://www.epsilontheory.com/but-our-interests-are-aligned/

But Our Interests Are Aligned! | Epsilon Theory

The modern use of stock-based compensation is a confidence game, in the true sense of the word, that would be very familiar to the Music Man (but he doesn’t know the territory!). Read more

https://www.epsilontheory.com/but-our-interests-are-aligned/

Being a billionaire like Marc Benioff or Ray Dalio has lots of perks. One of the downsides, however, is that you forever forfeit your right to tsk-tsk us about wealth inequality or lecture us about "reforming capitalism". Sorry.

Marc Benioff and Ray Dalio spent their adult lives becoming as unequally wealthy as humanly possible. It wasn't an afterthought. It wasn't a side effect of noble deeds. It wasn't luck. They succeeded in their direct, lifelong goal. Good for them!

But now you have to own it.

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