| By Java News Desk | Article Rating: |
|
| October 6, 2004 12:00 AM EDT | Reads: |
22,461 |
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 22,461
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
- Why IBM’s Server Chief Got Busted
- Is Cloud Computing Like Teenage Sex?
- Industry Experts Discuss the State of Cloud Computing
- Performance Tuning Essentials for Java
- Confessions of a Ulitzer Addict
- Tactical Cloud Computing Panel at 1st Annual GovIT Expo
- It's the Java vs. C++ Shootout Revisited!
- Cloud Computing Can Revitalize Your Career as Software Developer
- IBM Could "Reinvent" Java: Mills
- Oracle & Cloud Computing: Exclusive Q&A with SVP Richard Sarwal
- A Brief History of Cloud Computing
- Kindle 2 vs Nook
- Cloud CEOs, CTOs & SVPs to Speak at 4th International Cloud Computing Expo
- Why IBM’s Server Chief Got Busted
- Is Cloud Computing Like Teenage Sex?
- Industry Experts Discuss the State of Cloud Computing
- Performance Tuning Essentials for Java
- The Difference Between Web Hosting and Cloud Computing
- Cloud Computing Expo: Exclusive Q&A with Yahoo! SVP Cloud Computing
- Ajax in RichFaces 3.3, JSF 2 and RichFaces 4
- Confessions of a Ulitzer Addict
- My Thoughts on Ulitzer
- Tactical Cloud Computing Panel at 1st Annual GovIT Expo
- A Cup of AJAX? Nay, Just Regular Java Please
- Java Developer's Journal Exclusive: 2006 "JDJ Editors' Choice" Awards
- The i-Technology Right Stuff
- JavaServer Faces (JSF) vs Struts
- Rich Internet Applications with Adobe Flex 2 and Java
- Java vs C++ "Shootout" Revisited
- Bean-Managed Persistence Using a Proxy List
- Reporting Made Easy with JasperReports and Hibernate
- Creating a Pet Store Application with JavaServer Faces, Spring, and Hibernate
- What's New in Eclipse?
- Why Do 'Cool Kids' Choose Ruby or PHP to Build Websites Instead of Java?
- i-Technology Predictions for 2007: Where's It All Headed?







































