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CNET News.com Staff URL: http://news.zdnet.com/2009-9595_22-5392478.html The abrupt ouster of CEO Craig Conway comes after 15 months of battle against a hostile takeover bid by Oracle. And in a Delaware court, testimony paints the former executive in an unflattering light.
PeopleSoft: Conway was less than honestNew trial reveals that the former CEO's exaggerations about the Oracle takeover bid led to his firing.October 4, 2004 PeopleSoft down on testimony, forecastInvestors react to a disappointing earnings projection and to testimony that dampens hopes of negotiations with Oracle.October 4, 2004 Microsoft rules out PeopleSoft bidSteve Ballmer rules out acting as the white knight for the business software maker.October 4, 2004 PeopleSoft fires CEO ConwayBoard cites "lack of confidence" in its chief executive as the software maker battles a hostile takeover.October 1, 2004
Conway to get multimillion-dollar golden parachuteOusted PeopleSoft CEO will get a severance package of between $10 million and $20 million.October 1, 2004
Justice Dept. won't appeal Oracle rulingAfter a ruling that crushed its arguments against Oracle's plan to acquire PeopleSoft, antitrust regulators call it a day.October 1, 2004 Conway or the highwayperspective CNET News.com's Charles Cooper says the board is only telling half the story behind the surprise firing.October 1, 2004
Does new PeopleSoft CEO signal a buyout?The ouster of Conway and the return of Dave Duffield could be a prelude to PeopleSoft accepting Oracle's offer.October 1, 2004 BEA vows to fight off suitorsBut the company, which appeared on an Oracle takeover list, acknowledges that it can't stop someone from trying.October 1, 2004 previous coverage Oracle and PeopleSoft: In dubious battle?perspective Knowledge@Wharton asks whether the war of attrition has been worth it for Oracle.September 25, 2004 PeopleSoft woos through its woesroundup At a customer conference at which the O word is being avoided, PeopleSoft tries to woo customers to upgrade and stay.September 23, 2004 |