LYCOS RETRIEVER
David Duffield: Craig Conway
built 655 days ago
--> Years from now, PeopleSoft's history will likely be divided into two periods: B.C. and A.D. That's before Craig Conway and after David Duffield. Founded in 1987, PeopleSoft became an ERP software powerhouse in the early '90s. Under the guidance of CEO Duffield, it was one of the fastest-growing technology companies in the industry. Then the bottom fell out. With sales faltering and customers revolting, PeopleSoft brought in Conway to serve as president and COO. By the end of the summer, he was CEO.
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Duffield founded PeopleSoft in 1987 and served as its first CEO. He handed over to Craig Conway in 1999, who was sacked last year amidst accusations of misleading analysts during PeopleSoft's bitter takeover battle with Oracle Corp.
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Duffield had taken over as chief executive in October, when the PeopleSoft board dismissed the then CEO, Craig Conway, as Oracle turned up the pressure with its bid. In a subsequent filing with the SEC, Oracle announced it had dismissed four more PeopleSoft executives, including CFO Kevin Parker.
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In 1999, as PeopleSoft stumbled in rough economic times, Duffield tapped a veteran technology executive, Craig Conway, to take over. Aneel Bhusri, once Duffield's heir apparent, remained on the board but left PeopleSoft to pursue a career in venture capital.
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Duffield took over the CEO post when Craig Conway was given the boot during some of the most heated times of the Oracle takeover attempt. Conway received a luxurious $18m exit package.
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