 Although Benioff is the chairman and co-CEO of Salesforce.com, "Time" will remain separate from the company, and Benioff will not be involved in its daily operations.In November 2018, Meredith announced to sell "Fortune" to Thai businessman Chatchaval Jiaravanon for $150 million.In the early years, when the company was just "Time" magazine, Luce served as business manager while Hadden was editor-in-chief, and they annually alternated the positions of president and secretary-treasurer.