PeopleSoft shows its top officer the door
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NEW YORKâPeopleSoft Inc., suffering with a deteriorating software business as the company fights Oracle Corp.&#39;s hostile takeover bid, has fired chief executive Craig Conway, citing a loss of confidence in his ability to lead.
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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 said Friday that it had fired its chief executive, Craig Conway, a move that some analysts said raised the likelihood that the maker of business software would give up its 16-month fight against Oracle&#39;s $7.
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With 15,000 attendees at PeopleSoft&#39;s Connect user conference waiting to hear how the company would address Oracle&#39;s lingering hostile takeover bid, PeopleSoft chief executive Craig Conway tackled the issue early in his opening keynote.
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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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On Friday, PeopleSoft announced the Board of Directors&#39; decision to terminate Craig Conway as President and CEO of the Company, effective immediately.
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SAN FRANCISCO Oracle is trying to turn up the pressure in its long-running takeover attempt of PeopleSoft. Yesterday two of Oracles top executives -- co-president Safra Catz and chief financial officer Harry
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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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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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In a surprise move, PeopleSoft today fired its president and chief executive officer, Craig Conway, citing a "loss of confidence."
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October 07, 2004 - The ongoing Oracle/PeopleSoft saga has seen a change of cast. Late last week, PeopleSoft announced that it has axed CEO Craig Conway, the former Oracle exec who has helmed PeopleSoft for
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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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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. 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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At the company's Connect 2004 event today, PeopleSoft CEO Craig Conway maintained the defiant tone he has struck throughout Oracle's 15-month campaign to win control of the company.
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Following the departure of PeopleSoft Inc. chief executive officer Craig Conway, the software company may be looking with fresh interest at longtime suitor 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.