Salesforce just granted its top execs over $5 million in cash bonuses, including $2.35 million to CEO Marc Benioff (CRM)

REUTERS/Elijah Nouvelage

• Salesforce is awarding over $5 million in cash bonuses to its top five executives. 
• CEO Marc Benioff alone will receive nearly half of that: He'll be paid $2.3 million in bonuses on April 15. 
• While the bonuses are an annual occurrence, this year's awards come amid an economic downturn that has led to widespread of layoffs across the country and record unemployment. 
• Benioff has pledged not to make any "significant" layoffs at Salesforce for the next 90 days, after urging all CEOs to take 90-day no layoff pledge. 
• Visit Business Insider's homepage for more stories.

Salesforce is awarding over $5 million in bonuses to its top five executives, according to a regulatory filing on Monday. CEO Marc Benioff will receive $2.35 million, or nearly half the total. 

The bonuses, which will be paid around April 15, are a standard annual occurrence and reflect the executives' performances over past year. This year's payouts, however, provide a starker-than-usual contrast to conditions across the U.S. as the coronavirus pandemic has ravaged the economy, triggering mass layoffs and leading to record rates of unemployment. 

See the rest of the story at Business Insider

NOW WATCH: 9 items to avoid buying at Costco

See Also:

• Morgan Stanley says these are the 10 bargain software stocks to buy now and 8 more to watch, with the best chances of rebounding after the coronavirus crisis is over
• A Wall Street analyst says cloud software giants like Salesforce, Microsoft and ServiceNow may have an edge in tech's coronavirus downturn
• Tech billionaire Marc Benioff wants every CEO to take a 'no layoff' pledge as part of an 8-point plan to deal with coronavirus

SEE ALSO: The CEO of Slack explains how a recession would make it much harder for it to hire the people it needs to sustain its growth and take on Microsoft

from Feedburner https://ift.tt/2Jrl9QN