PeopleSoft fires CEO, clearing way for bid by Oracle
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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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The abrupt ouster of CEO Craig Conway comes after 15 months of battle against a hostile takeover bid by Oracle.
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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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Craig Conway was fired from PeopleSoft (nasdaq: PSFT - news - people ) today, the same day the company announced that its third-quarter license revenue will be much better than expected.
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European Union antitrust regulators have cleared Oracle Corp&#39;s hostile $US7.7 billion ($A10.31 billion) bid for rival business software maker PeopleSoft Inc, removing one of the last major hurdles to the contested merger.
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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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The companies&#39; merger is expected to close in early January. PeopleSoft founder Dave Duffield, who returned as CEO during the company&#39;s fight to prevent Oracle&#39;s bid, resigned as chairman, CEO and director on December 21.
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PeopleSoft&#39;s board ousted Craig Conway as CEO after he made a misleading statement about the company&#39;s ability to recruit customers while fending off Oracle&#39;s $7.
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PeopleSoft Inc. Chief Executive Officer (CEO) and President Craig Conway was shown the door on Friday by the company&#39;s board of directors, who immediately replaced him with Dave Duffield, PeopleSoft&#39;s founder and chairman.
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just in 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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NEW YORK: PeopleSoft yesterday sacked Chief Executive and president Craig Conway, citing a loss of confidence, and the software company&#39;s shares jumped on expectations that the move could pave the way for a deal with hostile bidder Oracle.
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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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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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The software giant, which is currently trying to fend off a hostile bid from rival Oracle, sacks chief executive and president Craig Conway.
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Craig Conway has been fired as chief executive officer of business software maker PeopleSoft, Inc., of Pleasanton. The firing &quot;resulted from a loss of confidence in Mr.
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PeopleSoft Inc. officials said thier board of directors has ousted Craig Conway from the chief executive officer&#39;s job. Conway has been one of the company&#39;s strongest opponents of a proposed $7.
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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.