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BUSINESS SOFTWARE PeopleSoft Looking Good After Grueling Makeover.(INTERNET & TECHNOLOGY)
Byline: J. Bonasia
The release of PeopleSoft Inc.'s latest software on Monday caps a long comeback for the 14-year-old company.
Not surprisingly, it pulled off the turnaround by leaning hard on what it calls its biggest asset: its people.
Credit it to the hard-nosed management style of Chief Executive Craig Conway. He ditched the loosey-goosey approach of his predecessor and demanded that his people completely rewrite PeopleSoft's flagship software.
Conway wanted a product that tapped the power of the Internet. PeopleSoft's workers came through for him.
"When things go badly, you need a level of tenacity and resiliency," Conway said. "I believe in high accountability. People need to do their jobs."
Conway took over PeopleSoft in 1999 from co-founder and self-described "good-time CEO" David Duffield. The market was slowing for the company's human resources and financial management software.
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