(Reuters) – A majority of Salesforce (NYSE:) shareholders voted towards a compensation plan for its CEO Marc Benioff and different high executives, in accordance with a safety submitting on Monday.

The decision to approve the compensation obtained 339.3 million votes in favor versus 404.8 million towards, the submitting stated.

For the 2024 monetary yr, Benioff obtained $39.6 million in complete compensation, up from $29.9 million within the prior yr.

In Might 29, the corporate forecast second-quarter revenue and income under Wall Avenue estimates because of weak consumer spending on its cloud and enterprise enterprise merchandise, which despatched its shares down greater than 16% after the bell.

Advisory companies Glass Lewis and Institutional Shareholder Providers (ISS) each really helpful that buyers vote down the measure, in accordance with a CNBC report.

Glass Lewis and ISS didn’t instantly reply to Reuters’ requests for remark.