PeopleSoft sacks CEO Craig Conway
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Just two weeks after staging a defiant user conference in San Francisco , Craig Conway was ousted as CEO of PeopleSoft. Industry observers are divided on the cause: some say it was performance-related, while
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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. 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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Testimony from a PeopleSoft board member has indicated that the company had been thinking about removing deposed CEO Craig Conway for some time.
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David Duffield has resigned as PeopleSoft Inc.&#39;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 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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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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The Oracle Corporation fired PeopleSoft's co-president and chief financial officer, Kevin Parker, and three other top executives.
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Attempts by PeopleSoft to fend off a hostile takeover by Oracle took a surprising turn Friday. PeopleSoft&#39;s board of directors fired Chief Executive Officer Craig Conway.
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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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It&#39;s out with the new and in with the oldâat least at PeopleSoft, Pleasanton, Calif. Just two weeks after the ouster of CEO Craig Conway, Ram Gupta, PeopleSoft executive vice president of product and technology, has also left the building.
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PeopleSoft CEO David Duffield resigned on Dec. 21, just eight days after Oracle announced that it had reached an agreement to buy the company for about $10.3 billion.
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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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PeopleSoft Inc. , which is trying to fight off a hostile takeover by rival Oracle Corp. , on Friday said its board had ousted President and Chief Executive Craig Conway due to "a loss of confidence" in his ability to lead the software company.
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Ousted PeopleSoft CEO will get a severance package of between $10 million and $20 million.
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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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Within two weeks of the firing of CEO Craig Conway, PeopleSoft has seen the departure of Ram Gupta, senior vice president of products and technology.