Severely ill EMC co-founder takes his own life
- 31 August, 2009 22:00
EMC co-founder Richard Egan died on Friday in his Boston home after a long battle with lung cancer and other illnesses. Egan, who was 73, is survived by his wife of 52 years, Maureen, and five children.
According to reports in both The Boston Globe and The Boston Herald, Egan died of self-inflicted gunshot wounds. "This is a great loss for our family and we are terribly saddened. We ask that the media respect our family's privacy at this difficult time,'' the family said in a statement.
EMC CEO Joe Tucci described Egan as a great man and a great leader. "Dick's vision became one of the world's top technology companies, and his legacy will live on through the tens of thousands of lives he affected in so many positive ways. We have all lost a great mentor and friend."
EMC, which eventually became Massachusetts' largest technology company and today has more than 40,000 employees, was started in 1979 by Egan and his friend and college roommate, Roger Marino. The two initially sold office furniture in order to raise money to build the company with only a handful of employees.
Egan served as EMC's CEO until 1992 and as chairman of the board until 2001. When he retired, Egan accepted an appointment by President George W Bush to serve as US Ambassador to Ireland. He held the post for 15 months, much of it in the aftermath of the September 11, 2001 terrorist attacks.
Under Egan, EMC initially manufactured memory boards then developed and began selling enterprise-class, networked data storage systems. Over the past decade, EMC has added disk storage arrays for small and medium-sized businesses to its portfolio of products, including the Clariion line of arrays, which EMC acquired along with Data General in 1999. More recently, it has shifted its business direction to include software and services, though it remains the world's largest distributor of external data storage systems.
In 1994, Inc. Magazine named Egan "Master Entrepreneur of the Year". He also received the Medal of Honor Society's Patriot Award, the Jewish National Fund's Tree of Life Award and was one of Irish America Magazine 's "Top 100."
"Dick Egan stands as one of America's greatest entrepreneurs," said Michael C Ruettgers, retired EMC chairman and CEO. "To have been able to join him and help build EMC into a world leader was an experience of a lifetime. He was truly a legend, from the halls of EMC to our customers' datacentres and boardrooms. I personally learned a great deal from working with him and always enjoyed our working relationship."
Egan graduated from Boston Technical High School and served in the US Marine Corps. After leaving the Marines, he attended Northeastern University and received a degree in Electrical Engineering. Northeastern's Egan Engineering and Science Research Center was later named in his honor.
Egan earned a master of science from the Massachusetts Institute of Technology (MIT), and later joined MIT's Draper Laboratory as part of the team that developed the Apollo Guidance Computer, which provided real-time control for the Apollo spacecraft that carried astronauts to the moon. Egan also worked with Lockheed Aircraft and Intel in developing technology.
Egan was a leader in numerous educational, business and technology groups, serving as director of the Massachusetts High Technology Council and Business Roundtable, director of the New York Stock Exchange Advisory Board, and founder of the Hopkinton Technology for Education Foundation in Hopkinton, where EMC is based.
"Few business leaders in any industry or any generation had the impact that Dick Egan had, from starting a company that would become a Fortune 200 global powerhouse to employing tens of thousands of people to equipping schools with modern computers so the children of the community could learn on new technology," William J Teuber, EMC's vice chairman said in a statement.