Change of Direction at PeopleSoft
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PeopleSoft's firing of its president and chief executive increased the likelihood that the company would be taken over by the Oracle Corporation.
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Within two weeks of the firing of CEO Craig Conway, business applications vendor PeopleSoft Inc. has seen the departure of another top executive, Ram Gupta, executive vice president of products and technology.
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Oracle Corp.  will announce layoffs at PeopleSoft Inc. on Friday to integrate the recently acquired company into the world's second-largest business software maker, Oracle's CFO said on Tuesday.
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Within two weeks of the firing of chief executive officer Craig Conway, business applications supplier PeopleSoft has seen the departure of another top executive, Ram Gupta, senior vice-president of products and technology.
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A PeopleSoft executive who oversaw the company&#39;s products and its integration with JD Edwards departed from the company this week, a company representative confirmed Friday.
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PeopleSoft Inc. said Friday it had fired CEO Craig Conway, raising the possibility that the company, which until now has fought fiercely for its independence, will succumb to Oracle Corp.
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Under threat of hostile takeover, PeopleSoft offers freebies to customers that migrate to latest software release
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PeopleSoft and JD Edwards users gathered at London&#39;s ExCel conference centre last week with the future of their supplier in doubt.
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Less than a month after a federal court ruled that Oracle could pursue its hostile takeover of PeopleSoft, and almost immediately after PeopleSoft on Friday fired Craig Conway, its chief executive, the skirmish between the two companies is shifting to a
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David Duffield has resigned as PeopleSoft's chief executive officer and chairman less than three months after taking over again as CEO at the company he founded and which is in the process of being acquired by rival Oracle.
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On 1 October 2004, PeopleSoft&#39;s board of directors terminated Conway as president and CEO, citing a &quot;loss of confidence&quot; in his ability to lead the company.
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While all eyes are focused on PeopleSoft's (Nasdaq: PSFT) firing of Craig Conway, the ground may be shifting under other enterprise-software vendors. The recently announced PeopleSoft-IBM partnership will spell bad news for SAP (NYSE: SAP), the Yankee Group predicts.
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David Duffield has resigned as PeopleSoft Inc.&#39;s chief executive officer and chairman less than three months after taking over again as CEO at the company he founded and which is in the process of being acquired by rival Oracle Corp.
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PeopleSoft Inc. Chief Executive Officer (CEO) and President Craig Conway was shown the door on Friday by the company's board of directors, who immediately replaced him with Dave Duffield, PeopleSoft's founder and chairman.
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PeopleSoft Inc. PSFT.O on Friday  fired Chief Executive and President Craig Conway, citing a loss  of confidence, and the software company's shares jumped on  expectations that the move could pave the way for a deal with  hostile bidder Oracle Corp.
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PeopleSoft&#39;s board ousted Craig Conway as CEO after he made a misleading statement about the company&#39;s ability to recruit customers while fending off Oracle&#39;s $7.
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The ouster of Craig Conway and the return of Dave Duffield could be a prelude to PeopleSoft accepting Oracle's offer.