PeopleSoft chief fired for remark to analysts
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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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In a statement, PeopleSoft's board of directors cited "a loss of confidence in Mr. Conway's ability to continue to lead the Company."
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PeopleSoft Inc.  on Tuesday said Chief Executive and Chairman Dave Duffield has resigned from the business software maker, which agreed to a &#36;10.3 billion buyout by rival Oracle Corp.  earlier this month.
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The software giant, which is currently trying to fend off a hostile bid from rival Oracle, sacks chief executive and president Craig Conway.
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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. officials said thier board of directors has ousted Craig Conway from the chief executive officer&#39;s job. Conway has been one of the company&#39;s strongest opponents of a proposed $7.
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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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A board member testifies Monday that the former CEO was fired in large part because of his reckless exaggeration to Wall Street analysts.
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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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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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Little more than a week after projecting an image of confidence to customers, PeopleSoft Corp.âs chief executive officer Craig Conway is out of a job.
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PeopleSoft's chief executive on Thursday said Oracle was spreading misleading information about his stock sales and he threatened to sue for defamation on the eve of the expiration of Oracle's $8.8 billion hostile tender offer.
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In the wake of a 15-month-long battle for its life, PeopleSoft Inc.&#39;s board of directors fired CEO Craig Conway Friday morning.
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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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Oracle charged that PeopleSoft&#39;s ousted chief executive, Craig A. Conway, lied to analysts in telling them that the Oracle takeover bid was no longer a factor in PeopleSoft&#39;s ability to write new business.
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Craig Conway was fired from PeopleSoft (nasdaq: PSFT - news - people ) today, the same day the company announced that its third-quarter license revenue will be much better than expected.
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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.