(1935-11-19) November 19, 1935 (age 76)
Peabody, Massachusetts, U.S. | Residence | Boston, Massachusetts, U.S. | Occupation | Former CEO of General ElectricAuthor | Net worth | $720 million (2006)[1] | Spouse | Carolyn Welch, Jane Welch, and Suzy Welch |
Jack Welch
John Francis "Jack" Welch, Jr. (born (1935-11-19)November 19, 1935) is an American chemical engineer, business executive, and author. He was Chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4000%. In 2006 Welch's net worth was estimated at $720 million.
Early life and education
Jack Welch was born in Peabody, Massachusetts to John, a Boston & Maine Railroad conductor, and Grace, a homemaker.
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 M.S. and PhD at the University of Illinois at Urbana-Champaign in 1960.
Jack Welch, the man behind American conglomerate General Electric, has been named as the most admired businessman of all time in a Guardian poll of Britain's leading bosses.
Mr Welch, who took over as chairman of GE in 1981, was picked by nearly half of the FTSE 100 chief executives as the man whose achievements they regarded most highly.
But Bill Gates, founder and chairman of Microsoft, was nominated as the most influential business person of the century by one in two executives. Both men were selected from a list of contenders which stretched back to the last century and included giants of the business world whose achievements have transformed modern life such as Henry Ford, Walt Disney, Andrew Carnegie and John D Rockefeller.
In 18 years as the head of GE Mr Welch has increased the value of the group from $14bn (£8.7bn) to more than $400bn. As its eighth chairman in the company's 117 years, he has overseen