Unisys CEO Becomes 2nd to Step Down

James A. Unruh became the second chief executive to leave Unisys Corp. without turning it into the computer giant many have sought to create. Unruh said he will stay on as CEO until a successor is named. He plans to relinquish his post as chairman by April. The firm’s largest stockholder, Greenway Partners, had sought his ouster. Shares of Blue Bell, Pa.-based Unisys gained 87.5 cents to close at $7.875 on the New York Stock Exchange. The firm, saddled with more than $2 billion in debt, has struggled to reposition itself in recent years as mainframe computers, its core business, have lost ground to smaller computers. Unruh has overseen four reorganizations and cut the payroll by nearly two-thirds. After a series of quarterly losses, the firm made a $19.3-million profit in the first quarter this year, and Unruh said the firm is on track to report a profit for all of 1997.