Salesforce Was Just Added to the Dow Jones Industrial Average, and Its Q2 Update Shows Why
On Aug. 31, 2020, salesforce.com (NYSE: CRM) will join the other 29 companies on the Dow Jones Industrial Average, supplanting ExxonMobil (NYSE: XOM) for the position. Among other reasons, Salesforce's inclusion in the iconic index better reflects the current state of the American economy and the direction the world is heading.
Salesforce's second-quarter report backs up the move. Halfway through a year marked by pandemic, calls for social justice, and sweeping changes to everyday life, the latest update is a big win for Salesforce and stakeholder capitalism principles -- in which the interests of not just shareholders, but also customers, employees, partners, and communities are considered -- of which co-founder and CEO Marc Benioff has been a champion.
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Source Fool.com
