PeopleSoft CEO abandons ship
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Not interested in Ellison's cold embrace
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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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Within two weeks of the firing of CEO Craig Conway, PeopleSoft has seen the departure of Ram Gupta, senior vice president of products and technology.
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PeopleSoft's board might have finally blinked. The business-software maker, facing a 16-month takeover siege from rival Oracle, has canned the CEO who bitterly opposed the deal and lost crucial regulatory support in its bid to stay independent.
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Time to toss your PeopleSoft (nasdaq: PSFT - news - people ) contact list. Four executives at the software company have been replaced by counterparts from Oracle (nasdaq: ORCL - news - people ), which is wrapping
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In the wake of a 15-month-long battle for its life, PeopleSoft Inc.&#39;s board of directors fired CEO Craig Conway Friday morning.
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PeopleSoft Inc. , which is trying to fight off a hostile takeover by rival Oracle Corp. , on Friday said its board had ousted President and Chief Executive Craig Conway due to "a loss of confidence" in his ability to lead the software company.
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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 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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David Duffield has resigned as PeopleSoft Inc.&#39;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 Corp.
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David Duffield, who founded PeopleSoft (PSFT:Nasdaq - news - research) and then returned to the company as chairman and CEO, has resigned.
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The PeopleSoft board has rejected Larry Ellison &quot;best and final&quot; $8.8 billion hostile takeover offer, leaving the Oracle chief executive with no choice but to appeal directly to PeopleSoft shareholders.
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In a statement, PeopleSoft's board of directors cited "a loss of confidence in Mr. Conway's ability to continue to lead the Company."
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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.
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SAN FRANCISCO (CBS.MW) -- PeopleSoft Inc. founder Dave Duffield has resigned his posts as chairman and chief executive officer of the Pleasanton, Calif.
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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.