PeopleSoft opens way for Oracle bid by firing chief
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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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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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In a surprise move, PeopleSoft issued a press release this morning at 8:15 ET announcing that it had fired Craig Conway as president and CEO.
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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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PeopleSoft Inc. PSFT.O on Friday  said its board had ousted President and Chief Executive Craig  Conway, who has been the chief opponent of Oracle Corp.'s  ORCL.O $7.7 billion hostile bid to take over the software  company.
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PeopleSoft Inc. officials said thier board of directors has ousted Craig Conway from the chief executive officer&#39;s job. Conway has been one of the company&#39;s strongest opponents of a proposed $7.
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Oracle Corp. plans to nominate four candidates for election to rival PeopleSoft Inc.'s board of directors as part of its battle to acquire the rival software company.
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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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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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Following the departure of PeopleSoft Inc. chief executive officer Craig Conway, the software company may be looking with fresh interest at longtime suitor 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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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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Business software maker PeopleSoft said it was dumping president and chief executive Craig Conway, who has led the fight against a hostile takeover effort from rival Oracle.
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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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SAN FRANCISCO/NEW YORK  - Oracle Corp.'s ORCL.O  hostile bid for rival PeopleSoft Corp.PSFT.O was strengthened  on Friday as U.S. antitrust regulators dropped their case  against the merger and PeopleSoft fired its chief executive,  Craig Conway, who had led the fight against Oracle.
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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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Oracle may be the big winner in PeopleSoft&#39;s firing of CEO Craig Conway. PeopleSoft offered little convincing rationale for the ouster, and speculation centered on the possibility that it is