Oracle sends pesky PeopleSoft brass packing
Thanks for the memories
Oracle has canned four PeopleSoft executives, including the company's CFO, as it marches on with the $10.3bn acquisition.
Oracle whacked PeopleSoft CFO Kevin Parker, co-president W. Phillip Wilmington, chief marketing officer Nanci Caldwell and general counsel James Shaughnessy. These moves, revealed in a PeopleSoft filing with the US Securities and Exchange Commission, come one day after Oracle effectively took control of the software maker. Oracle has placed its co-presidents Charles Phillips and Safra Catz and CFO Harry You at the helm of PeopleSoft.
Oracle is still looking to avoid a special shareholder meeting to finalize its buy of PeopleSoft by acquiring 90 percent of PeopleSoft's outstanding shares. Investors have tendered 75 percent of their shares thus far.
Earlier this week, PeopleSoft notified investors that former CEO David Duffield had left the company as well. ®