Oracle gets lift as chief fired at PeopleSoft
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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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Former PeopleSoft Inc. chief  executive Craig Conway will get a severance package worth about  $18 million after he was fired earlier this month, a source  familiar with the package said on Monday.
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Oracle Corp. (ORCL.O: Quote, Profile, Research) has replaced PeopleSoft Inc.&#39;s (PSFT.O: Quote, Profile, Research) co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing.
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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 today said its board had ousted President and CEO Craig Conway due to "a loss of confidence" in his ability to lead the software company.
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Business software maker PeopleSoft Friday said it was boosting compensation packages for all employees except its chief executive in a move that would raise the
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Oracle Corp. has completed its acquisition of rival business software maker PeopleSoft Inc., bringing a formal end to a tumultuous takeover saga.
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In a surprise move, business software maker PeopleSoft Inc. fired CEO Craig Conway Friday, saying it has has lost confidence in the feisty leader who engineered the company's dogged resistance to a &#36;7.7 billion takeover bid by rival Oracle Corp.
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) , fresh from firing its chief executive amid a hostile takeover bid from Oracle Corp.
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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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Investors welcomed the end of Oracle Corp.'s 18-month battle to take over PeopleSoft Inc., pushing stocks higher Monday. A better-than-expected survey of retail sales also helped the markets.
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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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PeopleSoft&#39;s board of directors has approved a takeover deal from Oracle worth around $10.3 billion, ending a bitter takeover attemptthat started more than a year ago and creating a major software maker.
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The California Employees' Retirement System voted Wednesday to tender its 1.5 million PeopleSoft shares to Oracle, giving the hostile suitor a boost in the final days of its takeover bid.
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Oracle takes control as PeopleSoft founder Dave Duffield resigns.
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PeopleSoft Inc.'s board fired Craig Conway as chief executive after hearing him explain why he deceived industry analysts about the business software maker's sale prospects while fighting rival Oracle Corp.'s &#36;7.7 billion takeover bid.
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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.