Lesley Stahl of 60 Minutes interviews Marc Benioff, the founder and CEO of Salesforce, “an enterprise cloud computing company” based in San Francisco. Salesforce is known as a business and philanthropic success story. With 30,000 employees, Salesforce reports $10 billion in annual revenues, and was just ranked by Fortune as the #1 best place to work among big companies. Benioff created the 1-1-1 model of corporate philanthropy where companies contribute one percent of equity, one percent of employee hours and one percent of product back to the communities it services. More than 700 companies have adopted the model including Google. So when the head of HR at Salesforce told Benioff an internal audit showed gender pay disparity within the company, he was shocked to learn that some women were being paid less than men for comparable work at his company. And he set out to fix it.
Benioff is the author of three books. Compassionate Capitalism: How Corporations Can Make Doing Good an Integral Part of Doing Well was his first (2004). He most recently wrote the foreword to the book Power Up: How Smart Women Win in the New Economy written by Silicon Valley venture capitalist Magdalena Yeşil. Yesil was the first investor in Salesforce. 60 Minutes airs Sundays at 7pm on CBS.
