Man of the moment—Joe Tucci—bids goodbye at the EMC World in Las Vegas. Under his tutelage, the company confronted many challenges and emerged victorious.
When Joe Tucci became the CEO in 2001, all was not well. The bull stock market that had helped support the company's 10 years' worth of fabulous returns had vanished. Tucci was not discouraged when EMC failed to meet its first quarter earnings projections owing to collapse of the technology industry. He dropped expenses and revamped the business model.
Joe Tucci introduced many new products that left an indelible impression.
Under the direction of Tucci, EMC has a long track record of favorable acquisitions and partnerships to expand EMC’s portfolio and enter new market segments.
In 2012, Barron named Joe Tucci as one of the world's best CEOs, recognizing EMC's growth. Under his leadership, EMC was included in the Top 100 global innovators list in 2012. He is one of the 150 CEO members of The Business Roundtable. .
At the EMC World 2016, Joe Tucci said that the Merger with Dell will provide a “great chance to extract the best of both companies,” with the aim of creating something “incredibly differential” in the market. “If you look at the magnitude of data processed and the need for this to be interpreted in real-time, the outcome is a new style of computing.” He said that there is a need to change rapidly and dramatically.