
American executive: General Electric CEO (1935–2020)
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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
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· 2020 · cited 15,328x
· 2011 · cited 13,248x
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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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