Earlier this morning SAI reported three top executives departed Salesforce.com (CRM), and noted analysts were telling Reuters that could be a sign of trouble at the Software-as-a-Service vendor.
Not true, says a source we would classify as highly reliable. We hear:
Like any other high-growth company, sfdc developed a bunch of organizational fat. Now is a good time to trim the fat. Cakebread, for example, joined as CFO. Then they hired another CFO but kept Cakebread around as a “Chief Strategy Officer” (not exactly the ideal role for a CFO).
They also had redundancy in sales management (Hanna). I also hear that Dave Oricco is out too (probably the other “unnamed” VP). He was in sales.
We hear they had a strong Q4.
We have a call in to Salesforce to confirm Oricco is indeed the “unnamed” VP.
Know more? Email Salesforce.com tips to [email protected].
Business Insider Emails & Alerts
Site highlights each day to your inbox.