Former GE CEO, chairman built company into powerhouse

Dow plunges 800 points, enters correction on coronavirus fears


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.

John F. "Jack" Welch, Jr., served as Chairman and Chief Executive Officer of General Electric (GE) from 1981-2001.

Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.


Source link

By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.