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Jack Welch

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Jack Welch

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Also known as John Francis Welch, Jr., John Francis "Jack" Welch, Jr.

American executive: General Electric CEO (1935–2020)

Person · Open Library

Born
1935
Works
28

Top works

  • Geḳ
  • Le-hovil ule-natseaḥ
  • להוביל ולנצח: התשובות לשאלות הבוערות של עולם העסקים
  • Jack Welch
  • Jakku Weruchi waga keiei

via Open Library + Wikidata

Film & TV

Acting

Known for

  • 30 Rock — Jack Welch2006

via TMDB

Music · MusicBrainz

Type
Person
Gender
Male
Country
Boston
Active from
1935

via MusicBrainz · CC0

Listeners · Last.fm

Listeners
359
Total plays
4,451

Jack Welch John Frances Welch Jr. was born in Salem, Massachusetts, in 1935. A 1957 University of Massachusetts graduate, with a B.S. in chemical engineering, Welch continued to pursue his education at the University of Illinois, with M.S. and PhD degrees in chemical engineering. Jack Welch joined General Electric in 1960, and after only a year, he actually wanted to leave the company and take a job offer he had received from International Minerals & Chemicals. <a href="https://www.last.fm/musi

via Last.fm · Jack Welch

Quotes

  • At the heart of this culture is an understanding that an organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive business advantage.
  • Six Sigma has forever changed GE. Everyone—from the Six Sigma zealots emerging from their Black Belt tours, to the engineers, the auditors, and the scientists, to the senior leadership that will take this Company into the new millennium—is a true believer in Six Sigma, the way this Company now works.
  • The best Six Sigma projects begin not inside the business but outside it, focused on answering the question—how can we make the customer more competitive? What is critical to the customer’s success?... One thing we have discovered with certainty is that anything we do that makes the customer more successful inevitably results in a financial return for us.
  • Loyalty to a company, it's nonsense.
  • I enjoy challenging a person's ideas. No one loves a good and passionately fought argument more than I do. This isn't about being tough-minded and straightforward. That's the job. But so is sensing when to hug and when to kick. Of course, arrogant people who refuse to learn from their mistakes have to go. If we're managing good people who are clearly eating themselves up over an error, our job is to help them through it. That doesn't mean you have to take it easy on your top performers.
  • The best way to support dreams and stretch is to set apart small ideas with big potential, then give people positive role models and the resources to turn small projects into big businesses.

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Key facts

Born
John Francis Welch Jr. , ( 1935-11-19 ) November 19, 1935, Peabody, Massachusetts , U.S.
Died
March 1, 2020 (2020-03-01) (aged 84), New York City, New York, U.S.
Alma mater
University of Massachusetts Amherst ( BS ), University of Illinois at Urbana–Champaign ( MS , PhD )
Occupations
Business executive chemical engineer writer
Title
Chairman & CEO of General Electric (1981–2001)
Political party
Republican
Spouses
Carolyn B. Osburn ​ ​ ( married</span>"}]]}'>m. 1959 ; divorced</span>"}]]}'>div. 1987 ) ​ Jane Beasley ​ ​ ( married</span>"}]]}'>m. 1989 ; divorced</span>"}]]}'>div. 2003 ) ​ Suzy Wetlaufer ​ ( married</span>"}]]}'>m. 2004 ) ​

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Wikidata facts

Official website
www.welchway.com
Image
JackWelchApril2012.jpg
Show 5 more facts
date of birth
1935-11-19
Commons category
Jack Welch
date of death
2020-03-01
name in native language
John Francis Welch
social media followers
1204820
Sources (4)

via Wikidata · CC0

~24 min read

Article

John Francis Welch Jr. (November 19, 1935 – March 1, 2020) was an American business executive. He was chairman and CEO of General Electric (GE) between 1981 and 2001. During his twenty-year tenure, GE's market value grew from $14 billion to $600 billion, and he has frequently been cited as one of the greatest chief executives of the twentieth century.

Under Welch, GE acquired the RCA Corporation in 1986 and expanded aggressively into financial services through GE Capital, which came to account for 40% of the company's revenue. He also restructured GE around a philosophy that each of its business units must rank first or second in its market, shedding those that did not meet that standard. By the end of his tenure GE was the most valuable company in the world.

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