Doesn't look too bad. I mean, you can fix it. Decide on if you wanna be more muscular or very lean. Of course, you could build more muscle and then get leaner as well.
If you go for the muscle building route, lift heavier weights rather than doing a lot of pushups.
Find a good weight lifting schedule that fits you - Check some other threads, do some googling, ask a muscular friend, go to a gym where you can hire a personal trainer.
If you wanna get leaner, do just that. Work out the muscles still so you don't end up very weak, that'll look even worse (IMO)
Edit:
If you are very self-conscious and want the man boobs truly gone, you will have to lose fat. But with more muscle it will look better anyway I think. its not bad