Sun chief executive Scott McNealy today stepped down, allowing for his long time lieutenant Jonathan Schwartz to take over as the company's new boss. Sun under McNealy's leadership rose to great heights, and made a record plunge.
As Sun was trying to cope with the dotcom bubble's burst, its customers decided to embrace Linux and industry standard servers, creating even more problems for the server maker. After losing the dotcom business, now its clients in banking and finance started to run away.
There have been plenty of calls for McNealy to step down. He allegedly was ready to leave in 2001, but then changed his mind, causing COO Ed Zander to step down instead. He later went on to lead Motorola, which is doing remarkably well under his leadership.
McNealy has a lot to brag about, but his legacy has also been blemished.
McNealy at the RSA Conference earlier this year
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