Jack Welch, the business luminary who built General Electric into an industrial and financial powerhouse and became known for his aggressive management style, has died, according to CNBC. He was 84.
Welch, who served as chairman and CEO of GE from 1981 to 2001, presided over a massive increase in the company’s stock valuation. In recent years, the company has struggled as it became too unwieldy and Welch’s successors began dismantling the empire that he built.
The Massachusetts native’s death was announced by his wife, Suzy Welch, CNBC reported.
A request seeking comment from GE was not immediately answered Monday.
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