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Oracle Fires PeopleSoft Co-Presidents
Published by: wktd 2009-01-09

News Headlines - Florida Agricultural and Mechanical University 2008::
Trustee Laura Branker, who co-chairs the search committee with FAMU Launches Oracles PeopleSoft Enterprise HR Obama fires it up at FAMU. FAMU
http://www.famu.edu/index.cfm?a=headlines&p=display&news=48
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Oracle fired PeopleSoft's co-presidents and replaced them with its own co-presidents after Oracle gained a controlling stake in its rival enterprise software company.

PeopleSoft Co-President Phillip Wilmington and Co-President and Chief Financial Officer Kevin Parker were replaced last week, according to a filing with the Securities and Exchange Commission.

Top CEO: Larry Ellison / Convinced that the future in high tech depends ::
consolidation, Oracles founder refused to give up on a PeopleSoft takeover, no 2004, Oracle raised its price to $26 per share, but then Ellison & Co. were
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/05/0ry+Ellison&sn=001&sc=1000
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Oracle named Safra Catz and Charles Phillips as co-presidents while Harry You will serve as CFO. Catz and Phillips had been Oracle co-presidents since last January while You became Oracle CFO in July.

The terminations, coming less than two weeks after PeopleSoft CEO David Duffield resigned, come as no surprise.

Many analysts expected changes to come swiftly once Oracle acquired a controlling stake in PeopleSoft, whose board agreed to Oracle's $10.3 billion acquisition bid December 13.

Happenings - Technology - redOrbit::
PeopleSoft Appoints New CEO, Co-Presidents, Board Vice Chairman. PeopleSoft, Inc. Carl Icahn Fires Back. Microsofts Next Move Expected Monday
http://www.redorbit.com/news/technology/124817/happenings/index.html
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An Obama Flub at the YouTube Debate?::
Now, Ronald Reagan and Democratic presidents like JFK constantly spoke to Soviet Bill Kristols, his co-workers and supporters attitude toward service is
http://www.thenation.com/blogs/capitalgames/217102/an_obama_flub_at_the_youtube_debate
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Oracle has until 8 p.m. New York time on Tuesday January 4 to gain a 90 percent stake in PeopleSoft. If it does not secure the required number of shares, it will have to hold a special shareholder vote on the merger, delaying the deal's close by about a month.

A look back at some of the key highlights in the fight to merge the business application giants may be viewed here.


Oracle Expects to Finalize Merger this Week
Oracle Takes Majority Control of PeopleSoft

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