Scott McNealy net worth and wage: Scott McNealy is an American enterprise government who has a net worth of $1 billion {dollars}. Scott McNealy was born on November 13, 1954 in Columbus, Indiana and grew up in Bloomfield Hill, Michigan. He is most well-known for being one of many co-founders of the expertise behemoth Sun Microsystems. He attended Harvard for his undergraduate diploma in economics then earned an MBA from Stanford University. After Stanford, McNealy labored his strategy to manufacturing director at an organization known as Onyx Systems. In 1982, a fellow Stanford grad named Vinod Khosla approached Scott, whereas he was nonetheless working at Onyx, about serving to launch and information a small expertise enterprise that was to be known as Sun Microsystems. The “SUN” within the title was truly a reference to the “Stanford University Network” pc workstation that was developed by Vinod’s co-founder Andy Bechtolsheim whereas they had been each graduate college students. The firm worthwhile inside its first yr.
McNealy turned CEO of Sun in 1984, taking on for Khosla. He would go on to function CEO for the subsequent 22 years, stepping down in 2006. The firm IPOd in 1986 underneath the ticker image “SUNW”, which was modified in 2007 to “JAVA”. Sun Microsystems, like most tech firms, skilled a wild surge in enterprise in the course of the dotcom growth of the late 90s and early 2000s. The firm retracted within the bubble’s aftermath. The inventory plummeted from over $100 a share on the bubble’s peak in 2001, to lower than $10 a share in 2002. Fortunately the corporate recovered slowly, however absolutely. In January 2010, Sun Microsystems was acquired by Oracle Corporation for $7.4 billion.
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