PeopleSoft Ousts CEO Amid Oracle Battle
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PeopleSoft Corp. fired its chief executive Craig Conway on Friday just hours before US antitrust regulators said they would drop their case against Oracle Corp.
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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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: Oracle Corp said on Wednesday it has taken control of PeopleSoft Inc, now that about 75 per cent of shareholders of the rival software maker have tendered their shares.
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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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PeopleSoft&#39;s board ousted Craig Conway as chief executive last week after learning why he misled Wall Street analysts about the impact on his company&#39;s business of Oracle&#39;s hostile takeover bid.
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Business software maker Oracle Corp. (ORCL.O: Quote, Profile, Research) on Wednesday said it has taken control of rival PeopleSoft Inc.
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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.
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PeopleSoft founder David Duffield, who replaced fired CEO Craig Conway in October, quietly resigned effective Dec. 21, less than two weeks before Oracle is scheduled to close its buyout of its software-industry rival.
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The companies&#39; merger is expected to close in early January. PeopleSoft founder Dave Duffield, who returned as CEO during the company&#39;s fight to prevent Oracle&#39;s bid, resigned as chairman, CEO and director on December 21.
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Oracle Corp.  has replaced PeopleSoft Inc.'s  co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing.
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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., the business software-maker, unexpectedly fired Craig Conway, its chief executive, 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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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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PeopleSoft Inc. capitulated to Oracle Corp., accepting a sweetened $10.3 billion takeover offer to end an 18-month battle that pitted PeopleSoft against its investors and led to the ouster of its chief executive.
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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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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.