PeopleSoft Fires CEO
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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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The Oracle Corporation fired PeopleSoft's co-president and chief financial officer, Kevin Parker, and three other top executives.
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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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Within two weeks of the firing of chief executive officer Craig Conway, business applications supplier PeopleSoft has seen the departure of another top executive, Ram Gupta, senior vice-president of products and technology.
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PeopleSoft has lost another CEO with top dog David Duffield resigning before Oracle takes over the company. PeopleSoft today announced Duffield&#39;s resignation in a filing with the US Securities and Exchange Commission.
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PeopleSoft Inc.'s board fired Craig Conway as chief executive after hearing him explain why he deceived industry analysts about the business software maker's sale prospects while fighting rival Oracle Corp.'s &#36;7.7 billion takeover bid.
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SAN FRANCISCO (CBS.MW) -- When PeopleSoft Inc. fired Chief Executive Craig Conway on Friday, the business-software maker didn&#39;t have to look long or far to find a suitable replacement.
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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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In a surprise move, PeopleSoft today fired its president and chief executive officer, Craig Conway, citing a "loss of confidence."
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Board member testifies Conway was fired because he said Oracle&#39;s offer didn&#39;t affect business. WILMINGTON, Del.  - Former PeopleSoft Inc.
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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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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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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&#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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Just two weeks after staging a defiant user conference in San Francisco , Craig Conway was ousted as CEO of PeopleSoft. Industry observers are divided on the cause: some say it was performance-related, while
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PeopleSoft's board ousted Craig Conway as CEO after he made a misleading statement about the company's ability to recruit customers while fending off Oracle's &#36;7.7 billion hostile takeover bid, a PeopleSoft board member testified in court Monday.
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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.