CEO Exit and DOJ Decision Continue PeopleSoft Uncertainty
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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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PLEASANTON, Calif. - Business software maker PeopleSoft Inc. unexpectedly fired CEO Craig Conway, dumping the feisty leader who engineered the company&#39;s dogged resistance to Oracle Corp.
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SAN FRANCISCO/NEW YORK  - PeopleSoft Corp.  PSFT.O fired its chief executive Craig Conway on Friday just  hours before U.S. antitrust regulators said they would drop  their case against Oracle Corp.'s ORCL.O $7.7 billion hostile  bid for its software rival.
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A major battle is over, but the war for PeopleSoft (PSFT:Nasdaq - news - research) rages on. Executives of the business software giant continued to resist Oracle&#39;s (ORCL:Nasdaq - news - research) $9 billion
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In Oct 1 story headlined "PeopleSoft Ousts CEO Amid Oracle  Battle," please read in paragraph 16 ... originally offering  $16 a share ... instead of ... originally offering $19.50 a  share ...
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The CEO's resignation likely means more trouble ahead.
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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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PeopleSoft Inc. fired Chief Executive Officer Craig Conway, raising the likelihood the business- software maker will give up its 16-month fight against Oracle Corp.
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The wrangling between PeopleSoftÂ  and OracleÂ has once again gone to the dogs.
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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 $10.3 billion  buyout by rival Oracle Corp. earlier this month.
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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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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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Why did PeopleSoft, in the midst of a takeover fight with Oracle, fire its chief executive and president? Who knows? And that's a problem.
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The takeover fight moves to Delaware's Court of Chancery, even as PeopleSoft dismisses its 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 news that Oracle has formerly taken control of PeopleSoft and that David Duffield has resigned as PeopleSoft&#39;s CEO comes as no surprise.
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It&#39;s out with the new and in with the oldâat least at PeopleSoft, Pleasanton, Calif. Just two weeks after the ouster of CEO Craig Conway, Ram Gupta, PeopleSoft executive vice president of product and technology, has also left the building.