Fiduciary duty

By Lisa Vaas  |  Posted 2005-04-15 Print this article Print

Remember Craig Conway? He was the PeopleSoft head who didnt treat Oracles offer very seriously. PeopleSofts board reacted the way any board should when confronted with a CEO who doesnt hold their fiduciary interests at heart: It showed him the door.
Craig who?
Kagermann is obviously a bit wiser to the ways of fiduciary duty. Anyway, as Hamerman pointed out, Oracles too broke to afford a pricy company like SAP. Its shelled out some $11 billion on acquisitions lately. Microsoft, in comparison, had $50 billion on hand back when it was chatting with SAP about a potential merger. "[Microsoft] could probably swing it, but … I think it would be challenging for Oracle to raise that kind of money at this point," Hamerman said. Joshua Greenbaum, an analyst with Enterprise Applications Consulting, was at an SAP board meeting just this week. He assured me that these people are not trying to merge with Oracle. Oracle is definitely "top of mind," Greenbaum told me, but when youre talking about the largest enterprise applications vendors in the world, that can connote quite a different meaning than the urge to merge. It could mean, quite simply, plain old non-merging competition. Lisa Vaas is Ziff Davis Internets news editor in charge of operations, aka Conference Goddess. She is also the editor of eWEEK.coms Database and Business Intelligence topic center. She has been with eWEEK and since 1995, most recently covering enterprise applications and database technology. Editors Note: This story was updated to correct Craig Conways name. Check out eWEEK.coms for the latest database news, reviews and analysis.

Lisa Vaas is News Editor/Operations for and also serves as editor of the Database topic center. Since 1995, she has also been a Webcast news show anchorperson and a reporter covering the IT industry. She has focused on customer relationship management technology, IT salaries and careers, effects of the H1-B visa on the technology workforce, wireless technology, security, and, most recently, databases and the technologies that touch upon them. Her articles have appeared in eWEEK's print edition, on, and in the startup IT magazine PC Connection. Prior to becoming a journalist, Vaas experienced an array of eye-opening careers, including driving a cab in Boston, photographing cranky babies in shopping malls, selling cameras, typography and computer training. She stopped a hair short of finishing an M.A. in English at the University of Massachusetts in Boston. She earned a B.S. in Communications from Emerson College. She runs two open-mic reading series in Boston and currently keeps bees in her home in Mashpee, Mass.

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