Okay, good afternoon, everybody. I am Marc Benioff, the Chairman of the Board of Directors and Chief Executive Officer of Salesforce.com, and it is my pleasure, on behalf of the Board of Directors and the officers of Salesforce, to extend to you a very warm welcome here to our 50 Fremont headquarters in San Francisco and express our appreciation to you for attending this meeting. I'd also like to welcome our stockholders who are listening to the webcast of the event. I'm going to act as chairman of this meeting, and Burke Norton to my left here, our chief legal officer of the company, is going to act as secretary of this meeting. I'm pleased to introduce our directors sitting here in the front row, Sandy Robertson, Craig Conway. Please hold your applause until the end, thank you.
Alan Hassenfeld, General Colin Powell, Craig Ramsey, John Roos, Lawrence Tomlinson, Robin Washington, Maynard Webb, and Keith Block. There are also several other company officers and employees in the audience. Also present is Craig Smith of Ernst & Young, our independent registered public accounting firm. Burke is now going to present the affidavit of meaning of the notice of meeting and report the existence of a quorum for the meeting.
Thank you, Marc. At the outset, let me say that this meeting will be conducted in accordance with the agenda and the rules of procedure. Copies of these documents have been distributed to you. If you don't have a copy, please raise your hand now and one will be provided. We have appointed Lisa Brenton, a representative of our transfer agent, Computershare, to act as Inspector of Elections. Most stockholders have already voted. If you have any completed ballots or proxies to be counted, please raise your hand now so Ms. Brenton can pick them up. Thank you. If you have already voted, you do not need to take any further action at this time. If you did not turn in a proxy, or if you wish to vote in person or revoke an earlier proxy, please raise your hand now and a ballot will be brought to you.
Our transfer agent mailed the notice of meeting and accompanying proxy materials and annual report on or about May 9th, 2014, to stockholders of record as of the record date, April 8th, 2014. The Inspector of Elections has confirmed that a majority of the company's issued and outstanding shares entitled to vote is represented in person or by proxy at today's meeting, therefore, a quorum is present, and the business of this meeting can be conducted. Since no stockholder nominations or additional proposals were properly filed with the corporate secretary in advance of this meeting, the business of this meeting is limited to the three matters set forth in the company's proxy statement for this meeting. The first item of business today is the election of directors. Eight directors are to be elected at today's meeting.
The votes cast for each of the eight nominees' election must exceed the votes cast against such nominee's election in order for the nominee to be elected as a director. The directors elected today, each will serve until the next annual meeting. As set forth in the company's proxy statement, the board of directors has nominated the following current members of the board of directors to be reelected to the board, Marc Benioff, Keith Block, Craig Conway, Alan Hassenfeld, General Colin Powell, John Roos, Lawrence Tomlinson, and Robin Washington. The second matter being submitted to stockholders for action is the ratification of the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending January 31, 2015. The affirmative vote of at least a majority of the shares represented in person or by proxy at this meeting is required for such ratification.
The board has recommended a vote in favor of this proposal. The third matter being submitted to stockholders for action is the advisory vote to approve the compensation of the named executive officers for the 2014 fiscal year. The affirmative vote of at least a majority of the shares represented in person or by proxy at this meeting is required for the approval of this proposal. The board has recommended a vote in favor of this proposal. Are there any questions with respect to any of the three proposals? No further business is scheduled to come before the stockholders at this meeting, I declare the polls for each matter to be voted on at this meeting open and direct that a vote of the stockholders be taken on the matters previously discussed. If you have previously voted, you do not need to take any further action at this time.
If you did not turn in a ballot or a proxy or wish to vote in person or revoke an earlier proxy or ballot, please vote at this time using the ballots previously distributed to you. Once you have voted, please raise your hand and your ballot will be collected. Okay, we now have all the ballots and proxies. I hereby declare the polls for each matter voted upon at this meeting closed and direct the Inspector of Elections to collect and tabulate the ballots. Thank you. All ballots have now been tabulated.
Very good. Will the secretary please report the results of the voting?
I've been advised by the Inspector of Elections that according to the tabulation of votes, all eight nominees have each received more votes cast for his or her election than against. Accordingly, each nominee has been elected as a director of the company to serve until the next annual meeting, and until his or her successor has been duly elected and qualified. I've been further advised that a majority of the shares present have voted in favor of the ratification of the appointment of Ernst & Young LLP to act as the company's independent registered public accounting firm for the fiscal year ending January 31st, 2015, and that accordingly, the ratification of appointment of Ernst & Young LLP has been approved. I have been further advised that a majority of the shares present have voted in favor of the compensation of the named executive officers during fiscal 2014.
The Inspector of Elections will furnish a written report of the final vote count with respect to the matters voted on today, which will be included in the minutes of the meeting. These results will also be filed with the Securities and Exchange Commission.
Well, thanks, Burke. As there is no further business to come before this meeting, the meeting is hereby adjourned. Thank you all for attending the meeting and for your continued support of Salesforce.com. Burke?
Do we have any questions? Yes, sir.
Yes. Until last September, Larry Ellison kept saying that the trouble with the cloud is, it's not scalable, and there's no security. At his schedule in September, I noticed he introduced 10 new products. Every one had the word cloud in it, and he now invented the cloud. My question, the real question, is scalability. Your largest customer, how many seats does your largest customer have?
Our largest customer has hundreds of thousands of seats because they run portals with us. We also have large financial institutions that have tens of thousands of seats. Obviously, the cloud is probably one of the most scalable and most secure computing environments in the world today. That's been proven by the very nature of some of the largest companies in the world. Companies like Google have demonstrated cloud computing is incredibly elastic and secure.
Any additional questions?
Thank you.
Any more questions? Okay. Thank you very much for your attendance today.
Thank you for coming.