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San Francisco Approves Business Tax to Fund Homeless Services

SAN FRANCISCO — Voters in San Francisco approved a tax increase on the city’s largest businesses that would nearly double its budget for homeless services, a measure seen as an effort to hold wealthy technology companies accountable for exacerbating the local housing crisis.Tech executives have poured money into the campaigns for and against the measure. Jack Dorsey, the chief executive of Twitter and the payments company Square, spent $125,000 to oppose it, while Marc Benioff, the chief executive of Salesforce, spent $2 million to support it. Salesforce contributed an additional $5 million to the campaign in favor of the initiative, known as Proposition C.Mr. Benioff and Mr.…

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In Liberal San Francisco, Tech Leaders Brawl Over Tax Proposal to Aid Homeless

For months, technology companies in San Francisco have fought a local ballot proposition that would impose taxes on corporations to fund initiatives to help the homeless.But last week, that unified front crumbled when Marc Benioff, chief executive of Salesforce, the online software company that is the city’s largest private employer, broke from the pack. “Homelessness is all of our responsibility,” he tweeted. Then the billionaire committed $2 million to passing the tax measure and criticized his fellow tech moguls for not caring.Now San Francisco’s tech community is in an uproar over the initiative, which is known as Proposition C and will be on the ballot on Nov.…

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A San Francisco Tech Mogul Buys a Fabled Slice of New York Media

As a result of his support for a variety of local school projects, Mr. Benioff has largely escaped the withering criticism that other tech billionaires, such as Bill Gates and Mark Zuckerberg, have faced for their school initiatives.“Other billionaires tend to hop around different places, leaving half-completed reforms in their wake,” said Sarah Reckhow, an associate professor of political science at Michigan State University who studies philanthropy. “It will be interesting to see if his education investments have more staying power.”Mr. Benioff is not as dramatic in his display of wealth as Mr. Ellison, who is a collector of costly cars, homes and yachts — and a…

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Is the Shofar … an Instrument of Technological Disruption?

AdvertisementMark Zuckerberg performed for his followers on Facebook while Marc Benioff of Salesforce (and now Time) led a live congregation in San Francisco.By Rachel LevinSept. 17, 2018[embedded content]Sure, it’s been around since biblical times, but suddenly the shofar is trending among Bay Area billionaires. Well, O.K., only two leading tech C.E.O.s of our time have revealed that they are quite skilled in the most analog of instruments. Still! Their mothers must be so proud.On Sept. 10, the 34-year-old founder of Facebook posted a video of himself tooting his own ram’s horn in the comfort of his home in Palo Alto, Calif. “Mark Zuckerberg is celebrating Rosh Hashana,”…

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Marc Benioff Explains Why He Is Buying Time Magazine

AdvertisementWhile having a massage late Sunday, the West Coast-based tech billionaire discussed via text message why he was entering the East Coast-based media industry by acquiring Time Inc.’s flagship publication.ImageMarc Benioff, the chief executive of Salesforce. "I live with a beginner’s mind," he said. "I didn’t realize two weeks ago I was going to buy Time." CreditCreditMatt Edge for The New York TimesSept. 17, 2018Marc Benioff, the chief executive of the software company Salesforce, and his wife, Lynne, said on Sunday that they had agreed to buy Time magazine from Meredith Corporation for $190 million in cash.Mr. Benioff answered several questions about the deal by text message…

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Corner Office: Marc Benioff of Salesforce: ‘Are We Not All Connected?’

The summer before my junior year, I worked for Apple. There was a pirate flag on the roof. There was a motorcycle in the lobby. Steve Jobs was running between the two Macintosh buildings. It was a big scene.What did you do there? No one was really paying attention exactly to what I was doing. I wrote this piece of software which was a game called “Raid on Armonk,” which was where IBM’s headquarters were at the time. And my manager said to me, “No, no. You cannot do this.”What did you do after college? I wrote a business plan for a network-type company based on something…

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Tech Was Supposed to Get Political. It’s Hanging Back in This Election.

“I’ve just been super busy,” Mr. Altman wrote in an email, adding that he had “no idea” why others had been so quiet. A spokesman for Reid Hoffman, the LinkedIn co-founder who previously showed an intense interest in politics, waved off an inquiry, saying: “Don’t really have anything new to report.”Mr. Brin has no political thoughts to share at present, a Google spokeswoman said. Even Peter Thiel, who backed Mr. Trump when hardly anyone else in Silicon Valley would, appears not to be making any donations at the moment.Hunter Walk, formerly with Google’s YouTube and now a venture capitalist, appeared in the 2011 video supporting Mr. Lee.…

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