Poverty: Saleforce CEO Undergoes 60% Haircut in Compensation After Shareholder Revolt

God damned ingrates. For all Marc Benioff has done for Salesforce.com, transforming it from a piece of shit, low level, retard tier software company, into a Madoff like profit making machine, shareholders don’t want him to have a lot of their money.

The board SLASHED his pay by 60%, from $33.4m to a paltry $13.2m, hardly enough to finance a proper yacht, to be stored, raced, and flaunted when summering in Newport, RI.

The board approved this draconian measure by 53% majority.

“After the 2016 meeting, we sought additional feedback from our stockholders,” the compensation committee said in the filing. “The two main themes we heard were that, notwithstanding recognition of the enormous contributions and leadership provided by our CEO, the overall magnitude of CEO pay remained high, and that it would be beneficial to expand’  the use of performance-related stock units for Benioff and other executives.

Poor Benioff only owns 5% of his companies shares — putting his net worth barely above $4b. Year to date, the stock is higher by 24% to all-time, record, highs, yet Marc’s compensation is down by 60%.

Hardly appropriate for a man of his stature.

This is what his leadership has produced over the years.

Good luck finding a replacement.

Angering local “villagers”, President Trump and his beautiful, tremendous, military, moved in a controversial anti-missile defense system, THAAD (terminal high altitude area defense system).

The system pisses off the “villagers” because they enjoy to be seen a defensless cucks to the insane North Koreans, like dogs rolling over on their back to another dog, demonstrating servitude.

“The American military is completely ignoring us,” said Kim Choong Hwan, head of a group of villagers protesting the THAAD deployment. “We will continue to fight with all means.”

Hilariously, the U.S. military took over a S.Korean golf course and set up the batteries there, escorted by 8,000 S. Korea police and soldiers. The decamping onto the course pissed off locals, who resorted to throwing plastic bottles at the THAAD to demonstrate their displeasure.

“The fact that it happened so abruptly when everyone thought it would wait until after the [presidential] elections bothers me, that our defense ministry does not consider the opinion of Korean people important,” student Kang Ha-rim said.

In response to the THAAD being deployed in S. Korea, China banned travel agencies from setting up travel to the soon to be war ravaged peninsula, resulting in a 40% drop in Chinese tourists. Analysts estimate S. Korea stands to lose $9.63b in Chinese tourism revenues because of the deployment.

The great civil war of 2017 was supposed to commence on April 27th, at Berkeley. The lightening rod was going to be Ann Coulter, vehemently hated conservative firebrand by the left, who would’ve induced sheer and utter panic amongst the ANTIFA thugs who are, seemingly, unable to deal with freedom of speech.

Unfortunately, Coulter canceled the speech, blaming conservative sponsors are the reason for her change of heart.

“There will be no speech,” she wrote in an email to Reuters on Wednesday, saying two conservative groups sponsoring her speech were no longer supporting her. “I looked over my shoulder and my allies had joined the other team,” she wrote.

The group accused of acquiescing to ANTIFA demands are the YAF (Young America’s Foundation), who said in a statement issued today that they were afraid of violence purported by the left.

“As of 4:00 p.m. today, Young America’s Foundation will not be moving forward with an event at Berkeley on April 27 due to the lack of assurances for protections from foreseeable violence from unrestrained leftist agitators,” they continued. “Berkeley should be ashamed for creating this hostile atmosphere.”

“Ms. Coulter may still choose to speak in some form on campus, but Young America’s Foundation will not jeopardize the safety of its staff or students,” they concluded. “For information on Ms. Coulter’s plans, please contact her directly.”

I’m so sorry Berkeley canceled my speech. I’m so sorry YAF acquiesced in the cancelation. And I’m so sorry for free speech crushed by thugs.

This prompted a series of tweets, designed to both shame YAF and Berkeley.

— Ann Coulter (@AnnCoulter) April 26, 2017

If we had continued to fight we would have won.

— Ann Coulter (@AnnCoulter) April 26, 2017

I’m very sad about Berkeley’s cancelation, but my sadness is greater than that. It is a dark day for free speech in America.

— Ann Coulter (@AnnCoulter) April 26, 2017

It’s sickening when a radical thuggish institution like Berkeley can so easily snuff out the cherished American right to free speech.

— Ann Coulter (@AnnCoulter) April 26, 2017

And here is the final kick in YAF’s small balls, Coulter thanking liberals for advocating for the first amendment.

I am so grateful to people like Bill Maher, Chris Matthews and Margaret Carlson for opposing Berkeley’s censorship.

— Ann Coulter (@AnnCoulter) April 26, 2017

Other conservatards have pledged to show up at Berkeley without Coulter, citing other firebrands who will be attending the rally in the hopes of striking death blows to ANTIFA.

The @AnnCoulter event in Berkeley is NOT canceled. I will be speaking tomorrow with @Lauren_Southern @FaithGoldy @BrittPettibone #POYB

— Gavin McInnes (@Gavin_McInnes) April 26, 2017

The Based Stickman, aka An American Hero, will be in attendance, so maybe, just maybe, the civil war will commence, as previously scheduled.

We will still be having a rally in Berkeley regardless of @AnnCoulter showing. We patriots do not know the word surrender. JOIN US WARRIORS!

— Based Stick Man (@BasedStickMan_) April 26, 2017

Today’s winners were found in aluminum, healthcare, and industrials. The Trump administration announced plans to examine aluminum imports. It certainly looks like protectionist policies will be abundant in both steel and aluminum industries. With X getting slammed today, the discount makes for an enticing buying opp.

A wide array of healthcare stocks lifted higher today, such as PRGO, TARO, ALNY and KITE. I wouldn’t boggle the mind over trying to figure out why. We’re in a bull market and sectors will take turns breaking out higher. The key now, obviously, is to find the next one to go.

Top rated sectors in Exodus include a sundry of basic material plays, financials and services. Retail shot higher today, not for any discernible reason. It was merely oversold and time to revert back to the mean.

One of my favorite chart patterns is the long consolidation, edging towards breaking higher. I’ve digitized the formula that produces a screen to find these stocks. It’s in Exodus (join you misers).

Here are a few on my radar.

AEO, APA, TRIP, RL and ICPT.

There are many oil and gas plays dying to break out. But oil has been stubborn and range bound for months — leaving the sector out in the cold as everything heats up around it. If I might propose a scenario that might change things, consider Saudi Aramco is scheduled to IPO in 2018. I can see no environment, other than a raging hot one, that the Kingdom would permit its crown jewel to go public. The valuation will be of the record varietal, upwards of $1.5t. You’d be wise to trade ahead of that eventuality and start by accumulating oil stocks — now — with great vigor and tenacity.

Top oil pick: OAS

I loved this press conference with Sec. Mnuchin, with his tight upper lip condescending retorts, while fielding questions from abject morons in the White House press pool. You can see him physically recoiling from the low level thinkers, trying to refrain himself from losing his shit and having a Tourette’s episode.

Let’s make an obvious point here. Any tax cut on business will benefit a billionaire and put more money into his pockets. That shouldn’t even be a subject worth discussing, yet here are the knuckle-draggers in the media asking for Trump’s tax returns and accusing him of cutting taxes to just ingratiation himself with a little more cash before departing into the sunset.

Mnuchin informs the media of ‘MASSIVE’ tax cuts, which help everyone.

Mnuchin then tries and fails to contain his seething hatred for stupid people asking dumb questions.

Mnuchin nearly tells reporter to fuck off after fielding a ‘when will the President release his tax return’ question.

Hilarious.

Markets love this shit. Nothing gets the animal spirits going more than a massive tax cut, especially on capital gains.

Here are the highlights.

A zero percent rate for couple on their first $24k in income.

‘In essence, we are creating a zero tax rate,’ said Cohn.

Reducing 7 brackets to 3: 10%, 25% and 35%

Corporate tax rate: 15%

Elimination of the AMT

Elimination of the death tax

We’re digesting big gains, so don’t expect another +200 today. But, this is long term bullish for stock holders. The last time we had a tax cut like this was under the idiot Bush and that paved the way for extreme hedonism and the best market since 1999. Albeit, it also led to the housing bubble and subsequent crash. We’ll deal with that later on.

Cue fuckhead saying ‘well, that was the top right there.’

Without getting into details that would fly right over your heads anyway, just know that I am extremely confident that the market will extend gains in the short term. Don’t hold me to this bullish treatise for today or tomorrow. But, inside a week, stocks will be higher than they are now.

How do I know?

I own a fucking time machine, literally.

What to buy?

Well, The Option Addict is in Exodus for the entire month of April and has been doling out fresh picks all month long. If trading isn’t your thing, you’ll be fine in any number of macro ETFs. For my money, since I prefer to be thematic (it’s therapeutic), I am long defense stocks and companies who will help rebuild all of the schools and sewers we’re about to destroy abroad.

“The Fly” is all about nation building these days.

Everyone thinks they know what’s going on — swashbuckling about in the vagaries of uncertainty. There are a lot of ‘experts’ out here who make ridiculous calls, proclaiming to be gurus. I am just one modest man, with an IQ twice theirs, in a time machine, speeding for the sun in a car made from dynamite sticks.

The call: stay long and add on any weakness (and I mean any).

@Jack finally did it. He posted a better than expected quarter at Twitter, locking in a 13% decrease in revenues — which was less than expected. Overall, if judging Twitter as a business and not an arcade game of earnings surprises, the business is an abomination.

Ad revenues, sharply lower — in spite of the fact that ad engagements were sharply higher.

MAU’s increased 7%, thanks to all of the fake news disseminated by all their fake users.

Reports Q1 (Mar) earnings of $0.11 per share, $0.10 better than the Capital IQ Consensus of $0.01; revenues fell 7.8% year/year to $548 mln vs the $513.04 mln Capital IQ Consensus.

Advertising revenue totaled $474 million, a decrease of 11% year-over-year.
Data licensing and other revenue totaled $74 million, an increase of 17% year-over-year.
US revenue totaled $341 million, a decrease of 13% year-over-year.
International revenue totaled $208 million, an increase of 2% year-over-year.
Total ad engagements increased 139% year-over-year.
Cost per engagement (CPE) decreased 63% year-over-year.
Q1 GAAP expenses totaled $589 million, a decrease of 10% year-over-year.

Q1 adjusted EBITDA of $170 million, a decrease of 6% year-over-year, representing an adjusted EBITDA margin of 31%.
Average monthly active users were 328 million in Q1 (Street Expectations were 322mln), an increase of 6% year-over-year and compared to 319 million in the previous quarter.

Average US MAUs were 70 million in Q1, an increase of 7% year-over-year and compared to 67 million in the previous quarter.
Average international MAUs were 259 million in Q1, an increase of 6% year-over-year and compared to 252 million in the previous quarter.
DAU grew 14% year-over-year, an acceleration from 11% in Q4’16, 7% in Q3’16, 5% in Q2’16, and 3% in Q1’16.

Outlook

Q2
Adjusted EBITDA to be between $95 million and $115 million
Adjusted EBITDA margin to be between 21% and 21.5%
SBC to be between $115 million and $125 million
FY 2017

Total non-GAAP expenses to be flat to down 5%, compared to full year 2016
SBC to be down 20% to 25%, compared to full year 2016
Capital expenditures to be between $300 million and $400 million

Shares are sharply higher in the pre-market over this glorious report.

Six days ago, TNA flagged oversold inside Exodus — for its 12 month algo — a very rare high probability call.

How do the algos work?

They take numerous factors into account, judging the price action of the ETF, persuaded by price formation, volume, relative strength, and a sundry of external metric which I dubbed ‘sub rosa.’

The algorithms rank the ETF on 4 different algos, 3mo, 6mo, 12mo and all-time. The 12mo algo is the most reliable because of the data set, and also because it is the most relevant as far as recent price action is concerned.

For example, today’s market behavior is totally different from 2009 or 2012. The way the system works is it learns new levels, tracks price performance from those levels, and discloses them to members.

Here was the call.

As you can see by the historical price performance, the oversold signal is flawless over a 5 day time frame — for an average return upwards of 11%. Judging by today’s close above $111, the ETF is performing exactly as predicted.

Based on these numbers, TNA has more upside over the next 4 trading days.

The USS Mahan has to take evasive actions in the Straits of Hormuz today, in order to avoid an Iranian ‘fast attack’ vessel. The Mahan sounded the danger alarm, fired flares and manned their weapons, but the Iranian cowards tucked tail and scattered before reaching within 1,000 yards of the U.S. destroyer.

“Coming inbound at a high rate of speed like that and manning weapons, despite clear warnings from the ship, is obviously provocative behavior,” said one American official in describing the Iranian actions.

This is the second time in recent months that the Mahan was put on high alert due to pesky Iranian vessels. Back in January, the Mahan fired three warning shots from a .50 caliber machine gun in order to stop small Iranian vessels from harassing them.

The U.S. military said Iranian vessels harassed US warships a total of 35 times in 2016 — a 50% spike from the year prior.

During the Presidential campaign, Trump was livid over the treatment of US sailors, after a swarm of Iranian vessels seized an American riverine, blindfolded the crew, struck the US flag in exchange for an Iranian, and interrogated 10 crew members, while humiliating them on Iranian tv.

Trump said of the ordeal, “When I see pictures of them with arms up in the air and guns pointed at them, I wouldn’t exactly say that’s friendly.”

Trump added at a campaign rally, “And by the way, with Iran, when they circle our beautiful destroyers with their little boats and they make gestures that our people — that they shouldn’t be allowed to make, they will be shot out of the water.”