PeopleSoft resisting takeover attempt by Oracle

PeopleSoft CEO calls Oracle's bid "horrifically unprofessional"
By
|hrreporter.com|Last Updated: 06/10/2003

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oftware giant Oracle Corp. was expected to formally begin its $5.1-billion (all figures U.S.) takeover of rival PeopleSoft Inc. yesterday. But it's likely to be a very bumpy ride.

The two companies have an acrimonious relationship that has been marked by sniping between the two chief executive officers — Oracle’s Larry Ellison and PeopleSoft’s Craig Conway. Conway worked under Ellison at Oracle from 1985 to 1993.