The Market

The Market

by Carlo Longino


Print



McNealy Resignation Rumors Prove True

from the time-on-his-hands dept

Last week, I wrote about how The Wall Street Journal and others took the Scott McNealy resignation rumors legit, but didn't back the story up any more than the people in the game of telephone several weeks earlier. Turns out the WSJ did have one thing on its side -- timing. McNealy announced today that he was stepping aside after 22 years in charge of Sun Microsystems, confirming what one analyst had predicted and handing a moral victory to contrarians everywhere. McNealy is staying full-time at Sun as chairman, while president and COO Jonathan Schwartz will take over as CEO. As many are pointing out, McNealy is one of the last holdouts of an early era in Silicon Valley, where companies were led by their "swashbuckling founders", as the AP put it, so perhaps Schwartz' ascendance to the throne signals the era of the blogger as CEO, given his popular blog. Of course, it probably won't be too long before Sun's lawyers shut that down. Though maybe now McNealy can start blogging. He'd probably be more entertaining anyway.

3 Comments | Leave a Comment..

 

Reader Comments (rss)

(Flattened / Threaded)

  1. so when will the rumors start

    by nonuser - Apr 24th, 2006 @ 8:20pm

    McNealy to Microsoft, possibly replacing Ballmer?

    (reply to this comment) (link to this comment)

  2. Re: so when will the rumors start

    by Anonymous Coward - Apr 25th, 2006 @ 7:22am

    ummm, not so much. Suspect chairman of the board will most likely be Scott's last job.

    (reply to this comment) (link to this comment)

  3. by Lee C. - Apr 25th, 2006 @ 11:24am

    Sun - gaining speed, losing altitude, engines still on fire...

    (reply to this comment) (link to this comment)

Add Your Comment

Get Techdirt’s Daily Email
Plain Text HTML Save me a cookie
  • Plain Text: A CRLF will be replaced by break <br> tag, all other allowable HTML is intact
  • HTML: No formatting of any kind is done without explicitly being written in
  • Allowed HTML Tags: <b> <i> <p> <a> <em> <br> <strong> <blockquote> <hr> <tt>
Close
Get Techdirt’s Daily Email
Plain Text HTML Save me a cookie
Search Techdirt
And now, a word from our Sponsors..
Subscribe to Techdirt's Daily Email Newsletter

Techdirt's Daily Email Newsletter

Related Stories
Close
E-mail It