PeopleSoft Ousts CEO Who Battled Oracle
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Oct. 1, 2004 - In NEW YORK story headlined &quot;PeopleSoft ousts CEO amid battle with Oracle,&quot; please read in paragraph 5, &quot;Oracle launched its surprise takeover bid in June 2003&quot; ... instead of &quot;PeopleSoft launched .. ). NEW YORK  - PeopleSoft Inc.
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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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PeopleSoft Inc., the business software-maker, unexpectedly fired Craig Conway, its chief executive, dumping the feisty leader who engineered the company&#39;s dogged resistance to Oracle Corp.
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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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The Oracle Corporation has taken control of PeopleSoft, ending an 18-month fight and making Oracle the world&#39;s second-largest maker of business-management software.
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The abrupt ouster of CEO Craig Conway comes after 15 months of battle against a hostile takeover bid by 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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He was replaced by the company&#39;s founder and chairman, Dave Duffield, who served as chief executive from PeopleSoft&#39;s incorporation in 1987 through 1999, when he turned the reins over to Conway.
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PeopleSoft Inc. PSFT.O, which is  trying to fight off a hostile takeover by rival Oracle Corp.  ORCL.O, 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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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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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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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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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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update Craig Conway has been fired as president and chief executive officer of PeopleSoft and will be replaced by founder Dave Duffield, the company said Friday.
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In Oct 1 story headlined "PeopleSoft Ousts CEO Amid Oracle  Battle," please read in paragraph 16 ... originally offering  $16 a share ... instead of ... originally offering $19.50 a  share ...
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Why did PeopleSoft, in the midst of a takeover fight with Oracle, fire its chief executive and president? Who knows? And that's a problem.
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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.