PeopleSoft Chief's Remarks Cited as Cause of Dismissal
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A director of PeopleSoft said that Craig A. Conway, the company's chief, was fired in part because he made false statements at an analysts' conference in September 2003.
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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 "a loss of confidence" in his ability to lead the software company.
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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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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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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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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 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 Corp. fired its chief executive Craig Conway on Friday just hours before US antitrust regulators said they would drop their case against Oracle Corp.
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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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Declan McCullagh has the scoop on the board room machinations that led to Craig Conway&#39;s dismissal as PeopleSoft CEO. Steven Goldby, the Symex Technologies CEO who chairs PeopleSoft&#39;s governance committee, said
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WILMINGTON: The former chief executive of PeopleSoft, who was fired last week, said he lied to Wall Street analysts last year about the impact of Oracle&#39;s hostile bid on the company&#39;s business.
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New trial reveals that the former CEO's exaggerations about the Oracle takeover bid led to his firing.
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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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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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In a surprise move, PeopleSoft issued a press release this morning at 8:15 ET announcing that it had fired Craig Conway as president and CEO.
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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 (nasdaq: PSFT - news - people ) Chairman and Chief Executive David A. Duffield has resigned his posts, according to a regulatory filing Tuesday.