SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million.Educationread more
Trump's relationships with Deutsche Bank have drawn scrutiny in Congress and elsewhere. Trump sued the bank last month to prevent it from complying with Congressional...Financeread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
The outrage has even inspired a Change.org petition called "Remake Game of Thrones Season 8 with competent writers," with over half-a-million signatories and climbing.Entertainmentread more
The move comes after star runner Alysia Montaño's May 12 op-ed in the New York Times in which she detailed her experiences with Nike.Retailread more
Marc Benioff and his wife Lynne are buying Time Magazine not only because of its iconic brand and historic relevance, but because they hope to use the outlet as a "platform for change," the Salesforce.com chief told CNBC on Tuesday.
"Lynne and I so strongly believe that business is the greatest platform for change," Benioff, the chairman, co-founder and co-CEO of Salesforce, told "Mad Money" host in an exclusive interview.
With the $190 million all-cash purchase of Time, Benioff hopes to introduce new values to business that go beyond managing companies solely for the benefit of their shareholders.
"When I went to business school, they said, 'Focus on your shareholder, Marc. The business of business is business.' That no longer applies. We have to erase that from our history books. The business of business is improving the state of the world," Benioff said, speaking from Salesforce's Dreamforce conference in San Francisco.
"We bought [Time] because that's an important institution that is having a positive global impact on the world and is deeply aligned with our family's values and we're delighted to be the new stewards of Time Magazine," the CEO continued.
The purchase is unrelated to Salesforce. A press release from Meredith Corp., which owns Time, said that the Benioffs "will not be involved in the day-to-day operations or journalistic decisions, which will continue to be led by TIME's current executive leadership team."
Even so, Benioff reiterated that as the leader of a major technology company, his values would remain top of mind in an age where giants like Facebook are criticized for eroding their customers' trust.
"Every CEO has to ask one very important question right now: What is most important to me?" Benioff said. "What is your highest value? What is truly important to you as a company? We know what ours is: trust. Nothing is more important than the trust we have with our customers, our employees, our key stakeholders like you. Trust is our highest value."
Benioff isn't be the first high-profile tech titan to buy a media company. The billionaire and his wife join the ranks of Jeff Bezos, Laurene Powell Jobs and others.
Salesforce's stock hit a new 52-week high on Tuesday, tapering its gains into the close. Shares stopped trading up just 0.06 percent at $158.87.
Disclosure: Cramer's charitable trust owns shares of Salesforce.com.