This report was published in July 2000. It should be considered outdated and is kept online for historical purposes only. Please click the link below to see the latest information on the Bush Pioneer - Ranger Network View Report |
Name: Richard J. Egan
Occupation: Chair, EMC Corp. Industry: Electronics Home: Hopkinton, Massachusetts New Worth: $1.4 Billion (173 on the Fortune 400) |
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EMC, which Egan co-founded in ’79, makes refrigerator-sized computer data-storage equipment. Among S&P 500 companies during the ‘90s, its stock ranked second only to Dell Computer. If the people that Egan got to contribute $1,000 to Bush had invested that same amount in Egan’s company in ’90, their stock would have been worth $523,000 by the end of the decade. Long after EMC became a major corporation, the company clung to an inbred board of directors dominated by Egan’s family and pals. One independent board member was muscled out in ’99 after questioning whether Egan and other executives were awarding themselves excessive compensation. Bush named Egan and other wealthy, hi-tech executives to his Technology Advisory Council in ’99. These counselors advise him on technology issues—and, with any luck, contribute to his campaign. |
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