Friday, October 01, 2004

Conway Walks the Plank

15 months after I suggested that PeopleSoft's stockholders wake up to the mess CEO Craig Conway was making, the stockholders reps (i.e., the board of directors) have told Conway not to let the door hit him on the way out.

His very personal fight to ward off the Oracle takeover has failed. It has damaged PeopleSoft and it has severly impacted the stockholders. It remains to be seen, though, if new CEO Dave Duffield (the company's founder as well as Chairman) has what it takes to salvage some value for those who have financed the company.

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