PeopleSoft Ousts CEO Amid Oracle Battle
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) , which is trying to fight off a hostile takeover by rival Oracle Corp. (ORCL.O: Quote, Profile, Research) , on Friday said its board
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NEW YORK (CBS.MW) -- PeopleSoft shares jumped over 8 percent Friday after the software company fired CEO Craig Conway in a move viewed as paving the way for a new takeover bid from rival Oracle Corp.
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PeopleSoft CEO David Duffield resigned on Dec. 21, just eight days after Oracle announced that it had reached an agreement to buy the company for about $10.3 billion.
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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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WASHINGTON -- Four executives of PeopleSoft Corp. were replaced by officers of Oracle Corp., which is working to complete a $10.3-billion acquisition of its business software rival, according to a regulatory filing Thursday.
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Within two weeks of the firing of CEO Craig Conway, business applications vendor PeopleSoft Inc. has seen the departure of another top executive, Ram Gupta, executive vice president of products and technology.
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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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Peoplesoft, the software company under siege from a hostile $7.7bn (Â£4.3bn) bid by its larger rival Oracle, yesterday sacked its chief executive, Craig Conway, increasing
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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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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 Inc. capitulated to Oracle Corp., accepting a sweetened $10.3 billion offer to end an 18- month battle that pitted PeopleSoft against its shareholders and led to the ouster of its chief executive.
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For the past 18 months, Oracle has been locked in a battle to acquire rival PeopleSoft involving courtroom drama, poison pills, personal enmity and, recently, the departure of PeopleSoft&#39;s CEO Craig Conway.
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After an 18-month takeover saga, which included courtroom battles and the ouster of PeopleSoft&#39;s chief executive, Oracle Corp.
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PeopleSoft Inc. PSFT.O on Friday  fired Chief Executive and President Craig Conway, citing a loss  of confidence, and the software company's shares jumped on  expectations that the move could pave the way for a deal with  hostile bidder Oracle Corp.
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PeopleSoft Inc. fired chief executive Craig Conway, raising the likelihood that the business-software maker may give up a 16-month fight against Oracle Corp.
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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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In NEW YORK story headlined "PeopleSoft ousts CEO amid  battle with Oracle," please read in paragraph 5, "Oracle  launched its surprise takeover bid in June 2003" ... instead of  "PeopleSoft launched .. )