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Monday, February 8, 2010

Sun's CEO creates history, tweets his resignation


Bangalore: Jonathan Schwartz, the last CEO of Sun Microsystems, became the first Fortune 200 boss to tweet his resignation, when he used the micro blogging site to publish a haiku about his exit from Oracle, which just completed its purchase of Sun last week, reports New York Times.

Oracle's CEO, Larry Ellison, is not especially fond of Schwartz, as in an interview last week, Ellison had said that he fully expected Schwartz to resign rather than play a role in the combined company. "Financial crisis/Stalled too many customers/CEO no more," Schwartz wrote.


At Sun, Schwartz became the first CEO of a major company to put up his own blog. Schwartz also pushed the Securities and Exchange Commission to put blogs on equal footing with press releases and filings when it comes to disclosing critical business matters to investors.

About his next move, Schwartz said in an e-mail, "In the short run, I am planning to spend some long overdue time with my family. Longer run, with a few million businesses and a few billion consumers on the Web, rumor has it there are some interesting opportunities to be had."

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