Career
A year after receiving a degree in electrical engineering from Northeastern University in 1962, he was on the team that helped develop Project Apollo memory systems for NASA. He was a major donor to the state-of-the-art Egan Engineering and Science Research Center on Northeastern's campus. He served as helicopter crewman in the United States Marine Corps during the end of the Korean War, he worked at Lockheed Martin, Honeywell, and Intel before founding EMC Corporation.
In 1979, he founded EMC with Roger Marino, his college roommate. The two initially sold office furniture in order to raise money to build the company with only a handful of employees. EMC eventually became Massachusetts's largest technology company and had more than 40,000 employees by 2009.
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 Tree of Life Award and was one of Irish America magazine's "Top 100."
Egan retired on January 17, 2001 as Chairman Emeritus in order to accept an appointment by President George W. Bush to serve as the United States Ambassador to Ireland. On March 14, 2001, he was nominated and he served from August 2001 to December 2002.
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, Massachusetts, where EMC is based. He donated part of his fortune to the Boy Scouts of America as well as health and education groups. He played critical role in the creation of the Maureen and Richard J Egan Engineering Science Research Center at Northeastern University, his alma mater. He also started an engineering center in Israel to help develop the company’s products and was credited with greatly improving Israel’s technology infrastructure.
Egan also received honorary degrees from Northeastern University, New England Institute of Technology and the University of Ulster, supported numerous charities and established the Hopkinton Technology for Education Foundation.
Read more about this topic: Richard Egan (businessman)
Famous quotes containing the word career:
“My ambition in life: to become successful enough to resume my career as a neurasthenic.”
—Mason Cooley (b. 1927)
“I seemed intent on making it as difficult for myself as possible to pursue my male career goal. I not only procrastinated endlessly, submitting my medical school application at the very last minute, but continued to crave a conventional female role even as I moved ahead with my male pursuits.”
—Margaret S. Mahler (18971985)
“Whether lawyer, politician or executive, the American who knows whats good for his career seeks an institutional rather than an individual identity. He becomes the man from NBC or IBM. The institutional imprint furnishes him with pension, meaning, proofs of existence. A man without a company name is a man without a country.”
—Lewis H. Lapham (b. 1935)