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Jack Welch - Wikipedia, the free encyclopedia

Jack Welch From Wikipedia, the free encyclopedia

John Francis "Jack" Welch, Jr. (born November 19, 1935) is an American business executive, author and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4000%.[2] In 2006, Welch's net worth was estimated at $720 million.[1] When he retired from GE he took a severance payment of $417 million, the largest such payment in history.[3]

Jack Welch

Contents 1 Early life and education 2 General Electric 2.1 CEO 2.2 Criticism 3 After GE 4 Personal life 5 Opinions 6 See also 7 References 8 Further reading 9 External links 9.1 Articles 9.2 Videos

Born

John Francis Welch, Jr. November 19, 1935 Peabody, Massachusetts, U.S.

Residence Boston, Massachusetts, U.S. Net worth

$720 million (2006)[1]

Spouse(s) Carolyn Welch (1959–1987) Jane Beasley Welch (1989–2003) Suzy Wetlaufer Welch (2004–present)

Early life and education Jack Welch was born in Peabody, Massachusetts to John, a Boston & Maine Railroad conductor, and Grace, a homemaker. Jack is Irish American. His paternal and maternal grandparents were Irish.[4] Welch attended Salem High School and then University of Massachusetts Amherst, graduating in 1957 with a Bachelor of Science degree in chemical engineering. He is a member of the Phi Sigma Kappa fraternity. He received a MS and PhD at the University of Illinois at Urbana-Champaign in 1960.[5]

General Electric Welch ed General Electric in 1960. He worked as a junior chemical engineer in Pittsfield, Massachusetts, at a salary of $10,500. In 1963, an explosion at the factory under his management blew off the roof of the facilities, and he was almost fired for that episode.[6] In 1961, Welch planned to quit his job as junior engineer

en.wikipedia.org/wiki/Jack_Welch

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