PeopleSoft has risen from its relatively humble origins in the Human Resource Management Systems (HRMS) arena, its sole focus as it begun life in 1987. Over the course of a decade or so, it added Supply Chain Management and Financials to its list of application offerings. In the last few years, in the face of slowing cash flows from its traditional strongholds, it has gone full bore toward Internet-based enterprise-wide - even cross-enterprise - solutions, trying to enter the game and be competitive with other top tier ERP-turned Collaborative Commerce vendors. Showing fiscal growth and, very-recently, notably-improved market acceptance, Peoplesoft may be the enterprise software turnaround story of the last decade.
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Chairman but gave Conway free rein to overhaul the company. Conway established several key goals, among them: Create a back-to-business atmosphere at PeopleSoft while saving key employees in the midst of departing for the dotcom dreamland. He increased salaries, reduced vesting time on options from four years to two years, and managed to stem the tide of defections, reducing turnover from 30% in 1999 to a very reasonable 10% in 2000. Half of the executive management team departed, unable or unwilling to