Scott McNealy Steps Down as Sun CEO

Sun Microsystems announced Monday that its longtime chief executive Scott McNealy is stepping down from the helm and will be succeeded by the struggling computer and software company’s No. 2 executive, Jonathan Schwartz. McNealy, 51, a Silicon Valley luminary for years, will continue as chairman of the company he co-founded in 1982. Schwartz, 40, will keep the title of president.

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