He was on a trip to India when he had a, His company was namedone of the Worlds Most Innovative Companies by the, In the 2016 Presidential Election, Marc supported. When you walk through our doors, you'll feel the passion and expertise we bring to each childs care. Jill Tucker is a San Francisco Chronicle staff writer. Marc founded the company in 1999, the company was recognized as the Most Innovative Company by Forbes, a Best Place to Work by Fortune, and the 10th Most Admired Company in the World by Fortune. She is the wife of American billionaire Marc Benioff, he is an internet entrepreneur serving as the chairman and CEO of Salesforce. Guests include Mark Ruffalo and his wife Sunrise and Elizabeth Berkley and her husband Greg Lauren. In 2010, Marc and Lynne Benioff pledged $100 million to build a children's hospital at the University of California, San Francisco, and pledged another $100 million to the affiliate hospital in . The Benioffs said they want their donations to spur further philanthropy to continue the hospitals' work on pediatric brain surgery, preterm birth or even the recent polio-like illness affecting California children. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright 2021, Pinoria.com. Marc Stad, founder and managing partner at Dragoneer Investment Group, and Elisa Stad, a former international marketing executive and current member of the UCSF Benioff Childrens Hospitals board, recognized the need for an innovative approach to treating children in pain and made it their mission to seek out an expert in the field. Marc Russell Benioff (born September 25, 1964)[2] is an American internet entrepreneur and philanthropist. 2009-present $53 million in donations and 560,000 volunteer hours from the Salesforce.com Foundation. State of the world is another classic phrase from the Davos vernacular, one that invokes a single domain of universal experiences, while shrouding the reality that the billionaires occupy a realm of their own. You can expect better outcomes when your child's care team includes highly trained specialists and subspecialists who only treat kids. Philanthropist Marc Benioff is donating $100 million to the hospital, which is joining forces with the UCSF Children's Hospital group. Laurence D. Fink, the worlds largest asset manager, has broadcast his own dedication to stakeholder capitalism and social justice while squeezing poor countries to pay impossible debts in the midst of the pandemic. But his philanthropy, his genuine likability and his commitment to improving the state of the world obscured the central reality of his enterprise: He was an enabler, a beneficiary and a custodian of the world as it was. During his tenure, the department grew to one of the largest in the country and received national acclaim. Shock, fear as 2 killings in 3 days rock quiet Davis, Steph Curry killed off the Kings with a smile, On an island of resorts, this Hawaii hotel is the budget option, HOKA Clifton 9 review: Ive never loved a sneaker more. Amanda Peet was 42 when their third child was born. while expanding health care for children. Peet kept her last name and Benioff often refers to her in acceptance speeches by her full name, Amanda Peet. Here was Davos Man reveling in his private domain. Through the Stad Center, Elisa and I aim to support UCSFs efforts to offer every child sufficient access to world-class, integrative and innovative medical care, he said. The 10-year, global initiative will be jointly funded by Lynne and Marc Benioff in partnership with the Bill . The wealthy were magnanimous, so unions were an unnecessary intrusion on business, and taxes represented money seized by the government money that could otherwise be showered on the fortunate people who would benefit from his philanthropy. [32] In 2006, he co-wrote The Business of Changing the World: 20 Great Leaders on Strategic Corporate Philanthropy with Carlye Adler. By providing amenities ranging from bedside art therapy to playrooms and family lounges, we go the extra mile to support our patients and families. Benioff was named Innovator of the Decade by Forbes and is recognized as one of the Worlds 25 Greatest Leaders by Fortune, one of the 10 Best-Performing CEOs by Harvard Business Review, and as the CNN Business CEO of 2020. Benioff and his wife Lynne have pledged $350 million to University of California, San Francisco, for its children's hospitals and research. The family lives in San Francisco, California. Mr. Benioff issued that declaration a year ago, the last time the World Economic Forum convened not in its usual venue, the village of Davos in the Swiss Alps, but virtually, over a clunky videoconferencing platform. By Catherine Bigelow . 10 (tied): Marc R. and Lynne Benioff", The Chronicle of Philanthropy: "Young Tech Donors Take Leading Role in Philanthropy 50" By Alex Daniels and Maria Di Mento, The Chronicle of Philanthropy: "Bequests Put Conservative Billionaire Richard Scaife Atop List of America's 50 Biggest Donors" By Maria Di Mento and Drew Lindsay, indiana Business Journal: "Salesforce CEO: We're canceling travel to Indiana" By Jared Council, The Huffington Post: "The CEO Who Took On Indiana's Anti-LGBT Law And Won" By Alexander C. Kaufman, The Huffington Post: "Salesforce CEO Takes Radical Step To Pay Men And Women Equally" By Emily Peck, Fortune: "Salesforce CEO Marc Benioff Battles Georgia Over Gay Rights" By Jonathan Vanian, Atlanta Journal-Constitution: "BREAKING: Nathan Deal vetoes Georgia's 'religious liberty' bill" By Greg Bluestein, "Salesforce CEO: tech billionaires 'hoard their money' and won't help homeless", "Marc Benioff says he had rabbis and imams supporting the Prop C homelessness tax but not tech CEOs", "Salesforce to help workers leave states over abortion laws", "Salesforce offers to relocate employees and their families after Texas abortion law goes into effect", "The Gospel of Wealth According to Marc Benioff", https://en.wikipedia.org/w/index.php?title=Marc_Benioff&oldid=1149920521, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 15 April 2023, at 08:02. [39], In 2014, Fortune readers voted him "Businessperson of the Year. Marc Benioff, who runs Salesforce, speaking at the World Economic Forum in Davos, Switzerland, in January 2020. . [53] In April 2020, Benioff donated more than $1 million to Give2SF COVID-19 Response and Recovery Fund. "[41], In 2019, he was recognized as one of the 10 Best-Performing CEOs by Harvard Business Review[42] and as the CNN Business CEO of 2020. [8] In 1979, when he was 15, Benioff founded Liberty Software, creating and selling games such as Flapper and King Arthur's Heir for the Atari 8-bit. During President Bill Clintons administration, the Treasury Department opened up a loophole that enabled executives at multinational corporations to set up subsidiaries in foreign countries that beckoned with low taxes Ireland was a popular choice and then legally transfer their intellectual property there. [34], In 2003, President Bush appointed Benioff co-chair of the President's Information Technology Advisory Committee. [54] In April 2021, Benioff and Salesforce sent a plane filled with medical supplies to India to help the country handle the COVID-19 pandemic. Our doctors understand that children can't be treated as small adults. I first met Oscar Munoz when he spoke at our TIME100 Summit in 2019 about the turnaround he was leading at United Airlines. There are very few examples of companies doing this at scale, Mr. Benioff told me in an interview. They proffered grandiose public works projects like libraries and concert halls as societal compensation for their overwhelming share of the economic gains. This generous donation brings UCSF Medical Center to $320 million in pledges for our philanthropic goal of $600 million toward . In 2014, their third child a baby boy was born, the Los Angeles Times reported. Benioffs cousin, Marc Benioff, is the co-founder and CEO of Salesforce, Business Insider reported in 2015. In a triumph of lobbying, the billionaire class has salted the tax code with boondoggles and starved tax collectors of resources. They shouldn't bother. READ NEXT: Game of Thrones Prequel Trailers on YouTube Are Fake orFan-Made, David Benioffs Wife, Amanda Peet, & Children: 5 Fast Facts You Need to Know, Copyright 2023 Heavy, Inc. All rights reserved. Salesforce deployed 14 tax subsidiaries scattered from Singapore to Switzerland, moving its money and assets around in a masterful display of accounting hocus-pocus that made its taxable income vanish. Salesforce is worth billions. Mr. Benioff is by many indications a true believer, not just idly parroting Davos Man talking points. Early in the pandemic, Salesforce embraced remote work to protect employees. Lynne Benioff is an independent marketing consultant and philanthropist active with several health care and community foundations. He said this with a chuckle, clearly amused that his company now worth more than $200 billion could be compared to the aging Vermont hippies who had brought the world Cherry Garcia ice cream. He was pointing to the pandemic as proof that companies like his were genuinely dedicated to the cause, and not just indulging high-minded argot as a prophylactic against the redistribution of their wealth. Referrals made easy Salesforce was a pioneer in hosting its software online, rather than installing it in clients' computer systems. Accommodations. Lynne has a Bachelor of Science from the University of Washington. Your email address will not be published. Dubs fans picking apart video of possible Poole-Draymond incident, Bay Area preschool teacher suspected of dumping body along road, Bay Area mom influencer found guilty of lying about kidnapping, 'Horrible': Oakland rapper dumps on Chase Center Warriors fans, More rain, 'unseasonably chilly' temperatures coming to Bay Area, Destructive landslide closes historic California institution, 49ers out in full force at Warriors-Kings Game 7, Sold-out Berkeley crowd gets rowdy at country star's concert. [56] In October 2021, Benioff pledged a $200 million donation to plant trees and fund ecologically-focused entrepreneurs. UCSF Benioff Children's Hospital Oakland has announced a $15 million gift from Lynne and Marc Benioff to address the shortage of mental health services for children and adolescents in Oakland and the East Bay. [3][7], On September 16, 2018, Marc and his wife Lynne bought Time for $190 million. Officially, the Forum is a series of discussions on the weightiest subjects of our time climate change, the future of work, racial and gender inequality. Each year, tens of thousands of infants, children, teens and young adults come to UCSF from all over the U.S. and the world for treatment. These sorts of pay packages typical for executives of technology companies were a key driver for the astronomical housing prices of the Bay Area, a primary cause of the very homelessness that Mr. Benioff was intent on eliminating. The beneficiaries have succeeded in sharing little of their gains with the government, a wildly successful mode of tax avoidance that is largely legal. Its a tremendous spiritual message for us to remember, he said in April 2020. "Our biggest dream? UCSF Benioff Children's Hospital Oakland has received a $15 million gift from Lynne and Marc Benioff to address the acute shortage of mental health services for children and adolescents in Oakland and the East Bay, which reflects a nationwide shortage. Here to serve you Procedure prep. We're ranked #1 in pediatric cancer, heart surgery, cardiology & more. 2014 $100 million to UCSF Benioff Children's. Firefox. Nurse practitioner Cindy Nelson Purdy holds 3-year-old Zion Dysart's hand during an examination in the asthma clinic at Children's Hospital in Oakland, Calif. on Friday, April 4, 2014. This is a carousel. The final installment in a $50 million commitment announced by the couple in 2014, the funds will enable the . Marc's father, Russell Benioff, built an apparel chain . That's the reality. This year, Davos Man has been forced to ground his jets as the pandemic has again scotched plans for an in-person gathering. His individual compensation the next year would exceed $28 million, most of it in stock grants and stock options. Salesforce will also donate $100 million over a decade toward climate justice. Partial to Hawaiian shirts, Mr. Benioff embraces the concept of ohana, a Hawaiian term that loosely translates to family, and that supposedly forms the central organizing principle governing Salesforce a spirit of kinship connecting its tens of thousands of employees. Almost every successful and high-performing individual including Bill Gates, Sheryl Sandberg, Marc Benioff, and Oprah Winfrey have had coaches. Marc owns over $3 billion in Salesforce shares. [44][45][46], In 2010, the Benioffs donated $100 million to UCSF Children's Hospital. Tech entrepreneur Marc Benioff and his wife, Lynne, have donated $500,000 to support Central American children who have flocked to the U.S. in recent months, one of the largest known financial . Mr. Benioff, on the other hand, was appearing on television that day in April from his $28 million home overlooking San Francisco Bay. The Salesforce mission and philanthropic model has been eagerly accepted and implemented in over 700 companies worldwide.Marc and Lynne Benioff are active pilanthropists in their personal capacity and have donated generously to the UCSF Benioff Childrens Hospital. From the incorporation of Salesforce in 1999, Mr. Benioff pledged that he would devote 1 percent of its equity and product to philanthropic undertakings, while encouraging employees to dedicate 1 percent of their working time to voluntary efforts. They were not the ones who saved us.. April 30, 2023 7:00 AM EDT. Professional Career Marc Benioff started his professional career at an early age. He sported mirrored sunglasses as he grinned triumphantly alongside Lars Ulrich, the drummer for Metallica. [35], In 2009, Benioff was named a Young Global Leader by the World Economic Forum, and is a member of its board of trustees. By Kate Vidinsky. The family lives in San Francisco, California. All Rights Reserved. All of our equipment is kid-sized, and we know the protocols that work best for children. In a decade of attending the Forum, I have seen billionaires engage in what was billed as a simulation of the Syrian refugee experience being led around in the dark while blindfolded, as angry officials demanded papers before savoring truffles at dinners thrown by global banks. The notion that the pandemic was an equal opportunity menace was belied by the simplest observation about who was delivering the packages, who was stocking shelves at grocery stores and who was emptying bedpans in nursing homes, where residents were dying in alarming numbers. [8][9], Benioff is a second cousin of showrunner and television writer David Benioff, known for Game of Thrones. Weiss. According to the Chronicle of Philanthropy, it is the fourth-largest charitable gift so far this year in the United States. He is considered and inspiration by many around the world and a global advocate for equality. He was one of the first people to allow customers to develop their own, custom applications using Salesforce architecture and the Salesforce Cloud. The net effect: On their American earnings statements, the wealthiest corporations looked like money losers, paying taxes accordingly. Reflects change since 5 pm ET of prior trading day. Some Lesser Known Facts About Marc Benioff, Stephen Paddock Age, Death Cause, Wife, Biography & More, Connor Franta Age, Partner, Family, Biography & More, Arnel Cowley (Isabel Granadas Husband) Age, Family, Biography & More. 2023 Forbes Media LLC. What happened to mass transit, to job training, to roads and highways, to public-health research? He presents an especially pronounced example, yet he is in no way alone. Powered by. With hundreds of doctors from more than 50 medical specialties, our staff delivers expertise that covers virtually all pediatric conditions, including cancer, heart disease, neurological disorders and traumatic injuries, as well as expertise in organ transplants and the care of critically ill newborns. [29] One year later, Bret Taylor stepped down as Salesforce co-CEO, leaving Marc Benioff as the sole CEO again. During treatment, we work to address kids' fears and safeguard their developmental and emotional health. Theyve been inseparable ever since and divide their time between Manhattan and Beverly Hills. He was speaking during a panel discussion dedicated to stakeholder capitalism, the idea that businesses were no longer ruled solely by the imperative to enrich shareholders, but were answerable to a broader array of interests employees, the environment, local communities. [63] Benioff led an effort of business leaders fighting back against the legislation, leading to a revised version of the bill being signed into law that prohibited businesses from denying services to someone based on sexual orientation or gender identity. The term is derived from the ultimate gathering place for billionaires, the World Economic Forum. His philanthropic efforts have been directed at easing homelessness in San Francisco, while expanding health care for children. Marc Stad shared his passion for providing access to high-quality health care for all families, regardless of socio-economic status, citing research from the Children's Health Fund that found as many as 28% of U.S. children, including the insured, lack acceptable access to pediatric care. At the age of 15, he founded his first company, Liberty Software, which created video games. Discharge. The Stad Center treats children from birth to adulthood with the latest technologies in pain management, such as advanced and safe pain medications, nerve blocks and implantable medication pumps. If youre wondering why Benioffs childrens last names are Friedman, its because Friedman is Benioffs full name, the Los Angeles Times reported. There, he got the opportunity to do a summer intern at Apple as a programmer in the Macintosh division under Steve Jobs. While the Benioffs have focused much of their philanthropy in San Francisco - primarily related to children's health, homeless families and public education - this donation includes Oakland for the first time. Pharmaceutical executives and the pandemic make for an interesting case study in how one might construe heroics. He's an angel investor in dozens of tech startups and a prolific philanthropist. Before Salesforce, he spent 13 years at database software giant Oracle as a protege of Larry Ellison. Compared with this legalized form of tax evasion, the $10 million that Mr. Benioff helped secure to attack homelessness in San Francisco was a rounding error. [18], Benioff also serves on the World Economic Forum's Board of Trustees and USC Board of Trustees. Len Goodman, a long-serving judge on "Dancing with the Stars" and "Strictly Come Dancing" who helped revive interest in ballroom dancing on both sides of the Atlantic, has died, his agent said Monday. He noted that people were always talking to him about another business known for its focus on doing good, Ben & Jerrys. Getty 2012 $550,000 assistance for homeless family shelters and other support. "With the fields changing so quickly and (funding) being so competitive, this accelerates how fast we can get the observations we make into everyday treatment," said Dr. Michael Cabana, chief of General Pediatrics at UCSF. UCSF Benioff Children's Hospitals are consistently ranked among the nation's best children's hospitals by U.S. News & World Report. [49], In 2017, the Benioffs partnered with the US National Fish and Wildlife Foundation and the National Oceanic and Atmospheric Administration to form the Pacific Islands Research and Conservation Programme. "We believe that when Juan Gonzalo Prez on LinkedIn: Marc Benioff's 2023 Letter to Stakeholders [8] Benioff worked at Oracle for 13 years in a variety of sales, marketing, and product development roles. The winner of the Emmy for Outstanding Writing For A Drama Series is Game of Thrones. Marc is also a bestselling author of Behind the Cloud. This method allow companies to contribute 1 % product value, 1% equity and 1% of employee hours to communities and programs around the world. "We want to make the investment necessary to really take UCSF to that level where we say we have the best children's hospital in the world," Marc Benioff told The Chronicle before the official announcement. Between March 2020 and the middle of October 2021, Americas billionaires saw their collective wealth soar by 70 percent, exceeding $5 trillion, according to an analysis of Forbes data by Americans for Tax Fairness and the left-leaning Institute for Policy Studies.
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