Activist investors like Starboard Value often manage to get a lot accomplished when they get involved in companies, which is why stock prices often react to their involvement.
At the 2024 13D Monitor Active-Passive Investor Summit, Jeffrey Smith of Starboard Value shared his theses for Salesforce, Johnson & Johnson spinoff Kenvue, and Pfizer, explaining where they see room for improvements.
Salesforce
Smith presented Salesforce at the 13D conference two years ago. He described it as "mostly an amazing company," except that he wants it to be more competitive in one particular area: balancing growth and profitability.
According to Smith, Salesforce should've been ruling in...
