PeopleSoft CEO abandons ship
Not interested in Ellison's cold embrace
PeopleSoft has lost another CEO with top dog David Duffield resigning before Oracle takes over the company.
PeopleSoft today announced Duffield's resignation in a filing with the US Securities and Exchange Commission. The exec actually handed in his own walking papers on Dec. 21. Duffield was the leader of a PeopleSoft board that most reluctantly agreed to be taken over by Oracle for $10bn.
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.
Duffield also held the title of Chairman at PeopleSoft and helped co-found the company back in 1987.
Oracle does not plan to have any of PeopleSoft's seven board members play a role at the new software giant. Oracle hopes to have its buyout done and dusted in January. ®
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