PeopleSoft CEO Quits as Oracle Deal Nears
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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 &#36;10.3 billion buyout by rival Oracle Corp.  earlier this month.
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Ram Gupta, who was an executive vice president, leaves the company after a four-year stint. PeopleSoft is mum on the details.
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PeopleSoft Inc. Chief Executive Officer (CEO) and President Craig Conway was shown the door on Friday by the company's board of directors, who immediately replaced him with Dave Duffield, PeopleSoft's founder and chairman.
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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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On Friday, PeopleSoft announced the Board of Directors&#39; decision to terminate Craig Conway as President and CEO of the Company, effective immediately.
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PeopleSoft Inc. fired Chief Executive Officer Craig Conway, raising the likelihood the business- software maker will give up its 16-month fight against Oracle Corp.
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PeopleSoft Inc. founder David A. Duffield, who returned as chief executive during the company's losing battle to escape Oracle Corp.'s takeover, has quit the software maker weeks before the deal closes, according to a regulatory filing Tuesday.
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Oracle expects to complete its &#36;10.3 billion acquisition of business-software rival PeopleSoft by the end of next week and unveil a blueprint for the merged companies Jan. 14, Oracle Chief Executive Larry Ellison said in a letter to PeopleSoft employees.
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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. (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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PeopleSoft's ousted CEO walks away with a severance package in excess of $16 million.
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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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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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Less than a month after a federal court ruled that Oracle could pursue its hostile takeover of PeopleSoft, and almost immediately after PeopleSoft on Friday fired Craig Conway, its chief executive, the skirmish between the two companies is shifting to a
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Oracle Corp. ORCL.O will announce  layoffs at PeopleSoft Inc. on Friday to integrate the recently  acquired company into the world's second-largest business  software maker, Oracle's CFO said on Tuesday.
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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 fired its chief executive, Craig Conway, yesterday in an unexpected twist to the firm&#39;s attempt to fend off its larger rival Oracle.