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Well Known Member
PeopleSoft CEO resigns post
Published: December 28, 2004, 1:55 PM PST
By Steven Musil
Staff Writer, CNET News.com
Just in PeopleSoft Chairman and CEO David Duffield has resigned from the company, effective Dec. 21, according to a filing Tuesday with the U.S. Securities and Exchange Commission.
The filing provided no other details on the resignation.
Earlier this month, PeopleSoft's board agreed to a $10.3 billion takeover by Oracle after more than 18 months of hostility between the two companies. Oracle executives had said they expected to complete the merger by Thursday.
Oracle estimated months ago that it would slash 6,000 jobs to wring costs out of the merger, but the company has yet to discuss its official lay-off plans. More details to follow.
Published: December 28, 2004, 1:55 PM PST
By Steven Musil
Staff Writer, CNET News.com
Just in PeopleSoft Chairman and CEO David Duffield has resigned from the company, effective Dec. 21, according to a filing Tuesday with the U.S. Securities and Exchange Commission.
The filing provided no other details on the resignation.
Earlier this month, PeopleSoft's board agreed to a $10.3 billion takeover by Oracle after more than 18 months of hostility between the two companies. Oracle executives had said they expected to complete the merger by Thursday.
Oracle estimated months ago that it would slash 6,000 jobs to wring costs out of the merger, but the company has yet to discuss its official lay-off plans. More details to follow.
