Welcome!

Weblogic Authors: Yeshim Deniz, Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

Related Topics: Recurring Revenue, Java IoT, Microservices Expo, Linux Containers, IT SOLUTIONS GUIDE

Recurring Revenue: Article

Founder Says "Bye Bye" As Oracle Gains Control of PeopleSoft

David Duffield Resigned December 21 as CEO, Chairman, and Director

According to a document just filed with the SEC, the 64 year-old founder of PeopleSoft - David A. Duffield, who stepped in as CEO when Craig Conway was suddenly fired by the PeopleSoft board in October - is no longer with the company. He resigned last week as CEO, chairman, and director in the wake of Oracle's successful $10.3BN tender bid for PeopleSoft's shares.

The news comes just as Oracle has announced that it now controls 75% of all PeopleSoft shares, giving it a controlling stake in the company it fought for 18 months to own.

According to Bloomberg News, if at least 90% of the outstanding shares of PeopleSoft are tendered by January 4 at 8 p.m., Oracle would expect shortly afterward to complete its "second-step" merger.

Duffield's departure was only to be expected, given that on December 13, the day PeopleSoft accepted Oracle's $26.50-a-share offer, he sent a companywide e-mail to PeopleSoft's 11,200 employees saying he was "deeply saddened" about the Oracle takeover:

"You should know, and I hope you would expect, that I am deeply saddened by this outcome. I know it is little comfort, but I am extraordinarily proud of what we've accomplished."
In the e-mail Duffield acknowledged that some PeopleSoft employees would find work with Oracle, while others would move elsewhere...and some, inevitably, would have trouble finding "rewarding job experiences."

"It is to this last group that I offer my sincerest apologies for not figuring out a different conclusion to our 18-month saga," Duffield added.

And now he will need to seek a new and "rewarding job experience" of his own.

More Stories By Oracle News Desk

Oracle News Desk trawls the world's news information sources and brings you timely updates on Oracle and its ever-expanding enterprise software portfolio, including its entire range of tools for managing business data, supporting business operations, and facilitating collaboration and application development.

Comments (6) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


Most Recent Comments
finallysomesanity 12/29/04 10:33:21 AM EST

I have a New Year's wish for the combined company. Let's have PeopleSoft display some of the doggedness and focus of the Oracle team, and have the Oracle team display some of the customer-focus, humbleness of the PeopleSoft team. Imagine a team of laser-focused, customer-minded professionals who happen to care how they treat each other and how they're perceived in the marketplace?

Blow out some of the dead weight in both organizations, including the idiots who think managing by spreadsheet is management, and watch what can happen.

I've worked for both companies (but don't any longer) and feel both needed a shakeup. Put your politics aside and think long-term instead of "I need to win" and there finally, finally may be a viable competitor to SAP. If personal politics and just plain mean-spiritedness rules the merger plans, then this will turn into one expensive fiasco.

Good luck to both companies.

flahwah 12/29/04 10:30:50 AM EST

I was an implementation consultant with PeopleSoft for nearly eight years, I made very good money, and had a lot of fun doing it. I've never worked with a greater bunch of people. Thanks Dave!!

Next Steps 12/29/04 10:10:12 AM EST

So at what point does PSFT find itself de-listed on the Nasdaq? And when does the merger actually become a formal fact?

businessngolf 12/29/04 09:26:13 AM EST

New Year's Resoltions for PeopleSoft Employees:
1. I will not listen to Duffield again
2. I will not listen to Conway again
3. I will get my resume up to speed
4. I will visit the monster.com web site daily
5. I will tell all my customers that Larry really means well.( And smile when I say it)
6. I won't sell my 100% vested options cause they are still worthless (sorry, does not apply to Duffield, McVaney, or Conway -
or the rest of the Board)
7. I will visit Dice.Com daily
8. I will create 8 different resumes, just in case.

Or the other resolution will be, based on how much truth I have been told to date...

1. I will believe all these folks that say I won't get laid off.
2. I will believe the Oracle folks will be half the makeup of those laid off
3. I will toss my resume out the window, I don't have time to update it as I am too busy making Larry, my new best friend, alot of money. And I trust him!!!
4. I will delete all refereces to the Monster and Dice job sites, as my new boss is soooo coool and really wants me to stay. Gosh, I might even get a raise as soon as pigs fly!!

safety blanket 12/29/04 09:07:29 AM EST

Didn't I read somewhere that if they lose their jobs in the takeover, PeopleSoft and Oracle executive officers will receive up to two times their annual base salary and bonus?

Even the fall of rank-and-file employees finding themselves on the street will be cushioned by "tin parachutes" - 12 weeks of salary and health benefits, and the ability to exercise and sell their stock options immediately.

I mean, this isn't ALL bad, right?

ex-Duffield 12/29/04 09:03:49 AM EST

I wonder if Duffield's car has one of those bumper stickers on it that PeopleSoft employees were joking they wanted to put on their cars: "Mean people suck. Fortunately most of them work at Oracle."

@ThingsExpo Stories
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Amazon is pursuing new markets and disrupting industries at an incredible pace. Almost every industry seems to be in its crosshairs. Companies and industries that once thought they were safe are now worried about being “Amazoned.”. The new watch word should be “Be afraid. Be very afraid.” In his session 21st Cloud Expo, Chris Kocher, a co-founder of Grey Heron, will address questions such as: What new areas is Amazon disrupting? How are they doing this? Where are they likely to go? What are th...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, will discuss how given the magnitude of today's applicati...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant th...
SYS-CON Events announced today that SkyScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SkyScale is a world-class provider of cloud-based, ultra-fast multi-GPU hardware platforms for lease to customers desiring the fastest performance available as a service anywhere in the world. SkyScale builds, configures, and manages dedicated systems strategically located in maximum-security...
SYS-CON Events announced today that Avere Systems, a leading provider of hybrid cloud enablement solutions, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere Systems was created by file systems experts determined to reinvent storage by changing the way enterprises thought about and bought storage resources. With decades of experience behind the company’s founders, Avere got its ...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. ANSeeN are the measurement electronics maker for X-ray and Gamma-ray and Neutron measurement equipment such as spectrometers, pulse shape analyzer, and CdTe-FPD. For more information, visit http://anseen.com/.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, will discuss how by using...