PeopleSoft fires CEO Conway
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update Craig Conway has been fired as president and chief executive officer of PeopleSoft and will be replaced by founder Dave Duffield, the company said Friday.
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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'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 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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PeopleSoft today said its board had ousted President and CEO Craig Conway due to "a loss of confidence" in his ability to lead the software company.
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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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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. Chief Executive Officer (CEO) and President Craig Conway was shown the door on Friday by the company&#39;s board of directors, who immediately replaced him with Dave Duffield, PeopleSoft&#39;s founder and chairman.
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Business software maker PeopleSoft said it was dumping president and chief executive Craig Conway, who has led the fight against a hostile takeover effort from 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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Opinion: In replacing fired CEO Craig Conway, PeopleSoft founder Dave Duffield may prove to be the only one who can save his company from an Oracle takeover.
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It&#39;s been a remarkably surprising October for PeopleSoft, and it isn&#39;t even Halloween yet. Last week, the company unceremoniously fired CEO Craig Conway and brought back founder Dave Duffield to take charge.
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Oracle may be the big winner in PeopleSoft&#39;s firing of CEO Craig Conway. PeopleSoft offered little convincing rationale for the ouster, and speculation centered on the possibility that it is
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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 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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PeopleSoft fired its chief executive, Craig Conway, yesterday in an unexpected twist to the firm&#39;s attempt to fend off its larger rival Oracle.