Peoplesoft Removes Craig Conway as CEO
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Oracle declined to comment on Conway&#39;s removal by PeopleSoft. But in a statement, chairman Jeff Henley said: &quot;We are now looking forward to the trial in Delaware of our claims
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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.
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PeopleSoft founder David Duffield, who tried to keep the company from being acquired by Oracle, returned as CEO after Craig Conway was fired in October.
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SAN FRANCISCO/NEW YORK  - Oracle Corp.'s ORCL.O  hostile bid for rival PeopleSoft Corp.PSFT.O was strengthened  on Friday as U.S. antitrust regulators dropped their case  against the merger and PeopleSoft fired its chief executive,  Craig Conway, who had led the fight against Oracle.
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PeopleSoft today said its board had ousted President and CEO Craig Conway due to "a loss of confidence" in his ability to lead the software company.
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PeopleSoft Inc.&#39;s board fired Craig Conway as its chief executive after hearing him explain why he made a misleading statement about the business software maker&#39;s ability to close sales while fighting rival 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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Declan McCullagh has the scoop on the board room machinations that led to Craig Conway&#39;s dismissal as PeopleSoft CEO. Steven Goldby, the Symex Technologies CEO who chairs PeopleSoft&#39;s governance committee, said
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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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David Duffield has resigned as PeopleSoft'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.
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WILMINGTON, Delaware A director of PeopleSoft said that Craig Conway, the company&#39;s chief executive, was fired on Friday in part because he made false statements at an analysts&#39; conference in September 2003.
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On 1 October 2004, PeopleSoft&#39;s board of directors terminated Conway as president and CEO, citing a &quot;loss of confidence&quot; in his ability to lead the company.
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Opinion: In replacing fired CEO Craig Conway, PeopleSoft founder Dave Duffield may prove to be the only one who can save his company from an Oracle takeover.
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David Duffield resigned his positions as CEO, chairman and director of PeopleSoft on December 21st, according to a document filed with the Securities and Exchange Commission.
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In a statement, PeopleSoft's board of directors cited "a loss of confidence in Mr. Conway's ability to continue to lead the Company."
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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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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.