The dispute is over a controversial law that would tax large companies in San Francisco more to help pay for San Francisco's homelessness epidemic. Mr Benioff says he now supports the law, arguing that rich tech companies need to "give more" to fight homelessness. However, other tech CEOs, including Twitter founder Jack Dorsey and Stripe co-founder Patrick Collison, have come out against the law. The founders cite San Francisco's Mayor, who also opposes it. Stripe's chief lawyer, Jon Zieger, said that it "would permanently raise taxes and double spending for homeless services without a concrete plan, at a time when the city already lacks accountability for the more than $300m it's spending on homelessness every year. Prop C taxes gross receipts, not profits." But some supporters claim that tech companies are simply agitating against a law that would cost them more money. "He just doesn't want to give, that's all," said Mr Benioff of Twitter CEO Jack Dorsey in an interview with the … [Read more...] about Salesforce boss condemns Stripe over homeless law
Salesforce net worth
Business By Lucy Hooker Business reporter, BBC News 18 September 2018 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/business-45550747 Read more about sharing. These are external links and will open in a new window Close share panel What does a person who already has everything want: another sports car, a bigger yacht, or … [Read more...] about Why do billionaires want to own the news?
Technology billionaire Marc Benioff and his wife Lynne have agreed to purchase Time magazine, despite its falling fortunes. The deal, which is expected to close this month, is the second time that the publication has been sold in a year. Meredith Corporation revealed that the Benioffs had agreed to acquire the US magazine for $190m (£145m), pending regulatory approval. Mr Benioff is the co-chief executive and co-founder of US cloud computing business Salesforce, which is primarily known for its customer relationship management software. Mr Benioff has a net worth of around $6.7bn, according to Forbes magazine. Time first went on sale in March 1923 after being started by Yale University graduates... Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new Tech … [Read more...] about Time magazine sold to tech billionaire in $190 million deal
Elizabeth Weise USA TODAY Published 9:00 p.m. UTC Aug 7, 2018 SAN FRANCISCO – On Sept. 8, an ungainly, 2,000-foot-long contraption will steam under the Golden Gate Bridge in what’s either a brilliant quest or a fool's errand. Dubbed the Ocean Cleanup Project, this giant sea sieve consists of pipes that float at the surface of the water with netting below, corralling trash in the center of a U-shaped design. The purpose of this bizarre gizmo is as laudable as it is head-scratching: to collect millions of tons of garbage from what's known as the Great Pacific Garbage Patch, which can harm and even kill whales, dolphins, seals, fish and turtles that consume it or become entangled in it, according to researchers at Britain's University of Plymouth. The project is the expensive, untried brainchild of a 23-year-old Dutch college dropout named Boyan Slat, who was so disgusted by the plastic waste he … [Read more...] about A giant floating trash collector will try to scoop up the Great Pacific Garbage Patch