PeopleSoft CEO Quits as Oracle Deal Nears
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PeopleSoft Inc. PSFT.O 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. ORCL.O earlier  this month.
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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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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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The news comes on the same day that business software maker PeopleSoft Inc. fired CEO Craig Conway, the feisty leader who engineered the company's dogged resistance to a $7.7 billion takeover bid by rival Oracle.
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For the past 18 months, Oracle has been locked in a battle to acquire rival PeopleSoft involving courtroom drama, poison pills, personal enmity and, recently, the departure of PeopleSoft&#39;s CEO Craig Conway.
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PeopleSoft Inc. founder David A. Duffield, who returned as chief executive during the company's bruising takeover battle with Oracle Corp., has quit the business software maker, according to a regulatory filing Tuesday.
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PeopleSoft's firing of its president and chief executive increased the likelihood that the company would be taken over by the Oracle Corporation.
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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 yesterday.
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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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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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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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A PeopleSoft executive who oversaw the company&#39;s products and its integration with JD Edwards departed from the company this week, a company representative confirmed Friday.
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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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Little more than a week after projecting an image of confidence to customers, PeopleSoft Corp.âs chief executive officer Craig Conway is out of a job.
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David Duffield, who founded PeopleSoft (PSFT:Nasdaq - news - research) and then returned to the company as chairman and CEO, has resigned.
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SAN FRANCISCO (CBS.MW) -- PeopleSoft Inc. founder Dave Duffield has resigned his posts as chairman and chief executive officer of the Pleasanton, Calif.
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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.