| By Java News Desk | Article Rating: |
|
| October 6, 2004 12:00 AM EDT | Reads: |
22,359 |
Related Links:
Back in June, 2003, right after Larry Ellison's hostile takeover bid for PeopleSoft was announced, a highly irritated PeopleSoft CEO Craig Conway - a former Oracle employee - characterized Oracle's tender offer as "atrociously bad behavior from a company with a history of atrociously bad behavior."
He likened Ellison to Genghis Khan, who raped and pillaged his way across Asia to create an empire that stretched from the Pacific to the Black Sea, and called him a "sociopath" and his offer "diabolical." He questioned Ellison's "integrity, honesty and ethics."
This kind of verbal frontal assault, according to testimony this week from PeopleSoft director Steven Goldby, is partly what cost Conway his job as PeopleSoft CEO last Friday.
Referring specifically to the Genghis Khan comments, Goldby told the Delwaware Chancery Court:
"They showed a style that the board did not think was reflective of the values of the company and we didn't want them repeated."
Neither, Goldby explained, did the PeopleSoft board agree with Conway's going on record to say that PeopleSoft "will never sell," and that "there's no condition, no price" at which the company would be sold. The board, Goldby told the court, disagreed with that statement.
Conway will get the chance to address Goldby's revelations today or tomorrow when he takes the stand himself. This week's court case - and next week's, as this case is expected to take all of next week too - centers on Oracle's attempt to have the court revoke PeopleSoft's various defensive "poison pill" measures, including a Customer Assurance Program which Oracle claims foists a potential $2 billion liability on any would-be acquirer of the Pleasanton, CA-based company.
Related Links:
Published October 6, 2004 Reads 22,359
Copyright © 2004 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Java News Desk
JDJ News Desk monitors the world of Java to present IT professionals with updates on technology advances, business trends, new products and standards in the Java and i-technology space.
- Kindle 2 vs Nook
- Practical Approaches for Optimizing Website Performance
- SQL Anywhere Server and AJAX
- PowerBuilder Top Feature Picks
- The Difference Between Web Hosting and Cloud Computing
- PowerBuilder 12 and .NET
- Contrary Opinion: Why Silverlight is Good for Adobe
- Ajax in RichFaces 3.3, JSF 2 and RichFaces 4
- Wave on Ulitzer: Confessions of a Google Wave Fanboy
- Cloud Computing Best Practices
- AJAX World RIA Conference & Expo Kicks Off in New York City
- Rich Content Rotator for ASP.NET
- RIAs for Web 3.0 Using the Microsoft Platform
- Kindle 2 vs Nook
- Practical Approaches for Optimizing Website Performance
- Social Media Terrorists
- SQL Anywhere Server and AJAX
- SYS-CON's Cloud Expo Adds Two New Tracks
- PowerBuilder Top Feature Picks
- The Difference Between Web Hosting and Cloud Computing
- Google Maps and ASP.NET
- Crystal Reports XI & How It Has Changed
- Converting VB6 to VB.NET, Part I
- Creating Controls for.NET Compact Framework in Visual Studio 2005
- Where Are RIA Technologies Headed in 2008?
- How to Write High-Performance C# Code
- AJAX World RIA Conference & Expo Kicks Off in New York City
- Implementing Tab Navigation with ASP.NET 2.0
- i-Technology Photo Exclusive: Bill Gates & Steve Jobs In "Nerds"
- .NET Archives: Getting Reacquainted with the Father of C#




































