Richard Egan, an EMC co-founder, has resigned as U.S. ambassador to Ireland after only 15 months on the job, prompting speculation about the 66-year-old billionaire’s next career move.A spokesman for the Hopkinton, Mass.-based EMC said he is unaware of any discussions about Egan returning to the company he helped grow into a data storage giant.
Among his family’s other business concerns is Egan-Managed Capital, a Boston venture capital firm run by Egan’s son John R. Egan, himself a former EMC executive vice president of sales. The firm’s fundsfocus on early-stage technology companies, principally in New England. Several software and networking startups are in its portfolio.
An announcement about Egan’s future plans isn’t expected anytime soon. President George W. Bush must accept the resignation and then operations at the embassy must be transitioned to Egan’s successor.
Egan took the coveted post in September 2001 after a lengthy confirmation process.
First, he had to convinced Sen. Edward Kennedy (D-MA) and others that his lack of diplomatic experience would not hinder his ability to represent U.S. interests in the Emerald Isle — an important U.S. economic partner with a volatile political history.
Then, the billioniare, had to sell10 million shares of EMC stock to avoid a conflict of interest concerns. EMC has a major manufacturing plant in Cork as well as sales offices throughout Ireland and Northern Ireland, a gateway to the European market.
A spokeswoman for the U.S. embassy in Dublin told Reuters news service that Egan resigned “for personal reasons.” The Boston Globereported that the ambassador was quitting because of “frustration with the limits of his job.”
Egan, who grew up in Boston’s tough Dorchester section, is known as hard-charger with a penchant for bluntness. These traits served him well in the business world but may not have been as effective in diplomacy, a pursuit where subtly and patience are prized.
Egan has long been a contributor to Republican candidates and also served as a member of Bush’s Technical Advisory Committee in 1999.
Literally the “E” in EMC, Egan co-founded the company in 1979 and has served as a director until his appointment as ambassador. He led the management team that took the company public in 1986 and was elected chairman in 1988. Egan was president and CEO until 1992.
Prior to EMC, Egan was an executive at several technology companies, including Intel. Egan holds a bachelor’s degree in electrical engineering from Northeastern University and did graduate work at MIT’s Draper Laboratory as part of the team that developed the Apollo Guidance Computer.
Ethics and Artificial Intelligence: Driving Greater Equality
FEATURE | By James Maguire,
December 16, 2020
AI vs. Machine Learning vs. Deep Learning
FEATURE | By Cynthia Harvey,
December 11, 2020
Huawei’s AI Update: Things Are Moving Faster Than We Think
FEATURE | By Rob Enderle,
December 04, 2020
Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 18, 2020
Key Trends in Chatbots and RPA
FEATURE | By Guest Author,
November 10, 2020
FEATURE | By Samuel Greengard,
November 05, 2020
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 02, 2020
How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 29, 2020
Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 23, 2020
The Super Moderator, or How IBM Project Debater Could Save Social Media
FEATURE | By Rob Enderle,
October 16, 2020
FEATURE | By Cynthia Harvey,
October 07, 2020
ARTIFICIAL INTELLIGENCE | By Guest Author,
October 05, 2020
CIOs Discuss the Promise of AI and Data Science
FEATURE | By Guest Author,
September 25, 2020
Microsoft Is Building An AI Product That Could Predict The Future
FEATURE | By Rob Enderle,
September 25, 2020
Top 10 Machine Learning Companies 2021
FEATURE | By Cynthia Harvey,
September 22, 2020
NVIDIA and ARM: Massively Changing The AI Landscape
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
September 18, 2020
Continuous Intelligence: Expert Discussion [Video and Podcast]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 14, 2020
Artificial Intelligence: Governance and Ethics [Video]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 13, 2020
IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI
FEATURE | By Rob Enderle,
September 11, 2020
Artificial Intelligence: Perception vs. Reality
FEATURE | By James Maguire,
September 09, 2020
Datamation is the leading industry resource for B2B data professionals and technology buyers. Datamation's focus is on providing insight into the latest trends and innovation in AI, data security, big data, and more, along with in-depth product recommendations and comparisons. More than 1.7M users gain insight and guidance from Datamation every year.
Advertise with TechnologyAdvice on Datamation and our other data and technology-focused platforms.
Advertise with Us
Property of TechnologyAdvice.
© 2025 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this
site are from companies from which TechnologyAdvice receives
compensation. This compensation may impact how and where products
appear on this site including, for example, the order in which
they appear. TechnologyAdvice does not include all companies
or all types of products available in the marketplace.