Scott McNealy has stepped down as CEO of Sun Microsystems, after 22 years. He will be replaced by President, Jonathan Schwartz.
Sun’s stock has long been bumping along at the $3 – 4 dollar level for the last few years, and I hope Schwartz has what it takes to bring the company back to profitability. For a company that has done so much for software development in terms of creating Java and being a steward for it’s evolution, it’s about time they starting reaping the rewards of their efforts.