Wall Street

by Mike Masnick




Dave Duffield Redefines Long Term As Less Than Three Months

from the no-need-to-stick-around dept

It's unlikely to surprise just about anyone, but Dave Duffield won't stick around to be a part of Oracle, now that the PeopleSoft deal is set. He apparently put in his resignation last week after just a couple months on the job. When he came in, following the firing of Craig Conway in October, many assumed he was brought in to sell the company to Oracle. He quickly claimed that he had no intention of selling to Oracle, which lasted less than two months before he agreed to sell to Oracle. Now that that's done, there's no reason for him to stick around. Apparently his statement: "I'm here for the long term," was open to interpretation. Of course, in an age when Wall Street judges a company's "long term" prospects based on their quarterly performance, perhaps this does meet the definition of long term these days.

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  1. icon
    Mike (profile), 29 Dec 2004 @ 10:35pm

    Re: You misrepresented the facts regarding PeopleS

    Ken... sorry. Apparently those humor HTML tags are missing again. Calm down... the post was supposed to be humorous. Obviously it failed. My bad.

    I do very much understand how hostile takeovers work. That doesn't make it any less amusing to see a CEO come in and insist he was there for the long term and would stand up to the threat, only to have him pushed aside months later.

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