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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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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In a surprise move, PeopleSoft today fired its president and chief executive officer, Craig Conway, citing a "loss of confidence."
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PeopleSoft Inc. agreed to be bought by Oracle Corp. for $10.3 billion, giving up an 18-month battle that pitted PeopleSoft against its shareholders, drove away customers and led to the ouster of its chief executive.
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In a surprise move, the business software maker fired CEO Craig Conway Friday, saying it has has lost confidence in the feisty leader who engineered the company's dogged resistance to a takeover bid by rival Oracle Corp.
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SAN FRANCISCO (CBS.MW) -- When PeopleSoft Inc. fired Chief Executive Craig Conway on Friday, the business-software maker didn&#39;t have to look long or far to find a suitable replacement.
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October 06, 2004 - The opening of a trial related to Oracle&#39;s takeover bid of PeopleSoft featured the revelation that CEO Craig Conway was fired last week for making misleading statements about PeopleSoft&#39;s sales.
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Within two weeks of the firing of chief executive officer Craig Conway, business applications supplier PeopleSoft has seen the departure of another top executive, Ram Gupta, senior vice-president of products and technology.
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DECEMBER 29, 2004 (IDG NEWS SERVICE) - David Duffield has resigned as PeopleSoft Inc.&#39;s CEO and chairman, less than three months after taking over again at the company that he founded and that is in the process of being acquired by rival Oracle Corp.
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Oracle Corp. has taken control of PeopleSoft Inc. , ending an 18-month fight and making Oracle the world's number two maker of business management software.
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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.
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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 Corp. (PSFT.O: Quote, Profile, Research) fired its chief executive Craig Conway on Friday just hours before US antitrust
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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 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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The abrupt ouster of CEO Craig Conway comes after 15 months of battle against a hostile takeover bid by Oracle.