PeopleSoft to CEO: You & rsquo;re Fired
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The software company gets a stock boost from sacking its chief exec. Also: Microsoft continues to battle European courts. & hellip; University of Texas and Sun Microsystems come together to make a computer & hellip;. and more.
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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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PeopleSoft CEO David Duffield resigned on Dec. 21, just eight days after Oracle announced that it had reached an agreement to buy the company for about $10.3 billion.
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Last week's firing of Craig Conway as PeopleSoft's CEO, followed by testimony from a PeopleSoft director this week that he would be open to discussions with Oracle if the price was right, appears to have changed the dynamics between the two companies.
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PeopleSoft Inc.&#39;s board fired Craig Conway as its chief executive after hearing him explain why he made a misleading statement about the business software maker&#39;s ability to close sales while fighting rival Oracle Corp.
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NEW YORK: PeopleSoft Inc., which is trying to fight off a hostile takeover by rival Oracle Corp., on Friday said its board had ousted President and Chief Executive Craig Conway due to &quot;a loss of confidence&quot; in his ability to lead the software company.
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OCTOBER 18, 2004  - Just two weeks after PeopleSoft Inc. ousted former CEO Craig Conway, the business applications vendor said that another top executive -- Ram Gupta, who had been executive
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NEW YORK: PeopleSoft yesterday sacked Chief Executive and president Craig Conway, citing a loss of confidence, and the software company&#39;s shares jumped on expectations that the move could pave the way for a deal with hostile bidder Oracle.
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PeopleSoft Chairman and CEO David Duffield has resigned from the company, effective Dec. 21, according to a filing Tuesday with the US Securities and Exchange Commission.
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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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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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Testimony from a PeopleSoft board member has indicated that the company had been thinking about removing deposed CEO Craig Conway for some time.
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PeopleSoft&#39;s Chairman and CEO David Duffield resigned from the company on Dec. 21, just one week after PeopleSoft&#39;s board agreed to accept Oracle&#39;s $10.3 billion acquisition offer.
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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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As the former CEO of PeopleSoft prepares for a court appearance, more details of his ouster are revealed. Less than a week after he was booted from the top spot at PeopleSoft, Craig Conway is expected to face
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David Duffield, who founded PeopleSoft (PSFT:Nasdaq - news - research) and then returned to the company as chairman and CEO, has resigned.
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PeopleSoft's CEO fires back at rival, saying it's wrong about his stock transactions. Both companies scramble ahead of Friday deadline.