PeopleSoft fires CEO, clearing way for bid by Oracle
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PeopleSoft Inc., the business software-maker, unexpectedly fired Craig Conway, its chief executive, dumping the feisty leader who engineered the company&#39;s dogged resistance to Oracle Corp.
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The Oracle Corporation fired PeopleSoft's co-president and chief financial officer, Kevin Parker, and three other top executives.
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October 07, 2004 - The ongoing Oracle/PeopleSoft saga has seen a change of cast. Late last week, PeopleSoft announced that it has axed CEO Craig Conway, the former Oracle exec who has helmed PeopleSoft for
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The news comes on the same day that business software maker PeopleSoft Inc. fired CEO Craig Conway, the feisty leader who engineered the company's dogged resistance to a $7.7 billion takeover bid by rival Oracle.
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Oracle Corp. has taken control of PeopleSoft Inc. , ending an 18-month fight and making Oracle the world's number two maker of business management software.
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PeopleSoft Inc. founder David A. Duffield, who returned as chief executive during the company's losing battle to escape Oracle Corp.'s takeover, has quit the software maker weeks before the deal closes, according to a regulatory filing Tuesday.
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Attempts by PeopleSoft to fend off a hostile takeover by Oracle took a surprising turn Friday. PeopleSoft&#39;s board of directors fired Chief Executive Officer Craig Conway.
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Within two weeks of the firing of CEO Craig Conway, PeopleSoft has seen the departure of Ram Gupta, senior vice president of products and technology.
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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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PeopleSoft Inc. PSFT.O on  Tuesday said Chief Executive and Chairman Dave Duffield has  resigned from the business software maker, which agreed to a  $10.3 billion buyout by rival Oracle Corp. ORCL.O earlier  this month.
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WILMINGTON, Delaware A director of PeopleSoft said that Craig Conway, the company&#39;s chief executive, was fired on Friday in part because he made false statements at an analysts&#39; conference in September 2003.
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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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PeopleSoft founder David Duffield, who tried to keep the company from being acquired by Oracle, returned as CEO after Craig Conway was fired in October.
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In a surprise move, the business software maker fired CEO Craig Conway Friday, saying it has has lost confidence in the feisty leader who engineered the company's dogged resistance to a takeover bid by rival Oracle Corp.
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The companies&#39; merger is expected to close in early January. PeopleSoft founder Dave Duffield, who returned as CEO during the company&#39;s fight to prevent Oracle&#39;s bid, resigned as chairman, CEO and director on December 21.
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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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PeopleSoft Inc. PSFT.O, which is  trying to fight off a hostile takeover by rival Oracle Corp.  ORCL.O, on Friday said its board had ousted President and  Chief Executive Craig Conway due to "a loss of confidence" in  his ability to lead the software company.