About time: Scott McNealy steps down as Sun CEO

April 24, 2006 | Matt Marshall

Updated

This comes after years of speculation, which has mounted since the fabled Silicon Valley server company seemed to run out of gas. We had to pinch ourselves, but there it is right on the Internet: Sun changes its management bio web page to put Jonathan schwartz in number one position as pres & ceo, with Scott Mcnealy demoted to second place as chairman.

Update: The Merc’s story Wednesday about Schwartz, and how he does not plan to cut jobs as deeply as some on Wall Street are calling for.

Update II: The Merc’s original story Tuesday about the stepping down.

Update III: Our colleague Langberg on how McNealy lost credibility.

Update IV: Here’s a video of a noteworthy retrospective event, held in Mountain View in January by the four founders of Sun.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.