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Jack Welch Biography
(John Francis Welch, Jr.):
Former CEO of General Electric
Famous for :
Being a respected business manager and
former CEO of the American General Electric
(GE) conglomerate and for his poular book
called "Jack:
Straight from the Gut".
Welch details
: Born - November 19, 1935
Massachusetts, USA / Lives - United States
of America
Book Reviews
: Jack:
Straight from the Gut
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Biography - Information |
Jack
Welch grew to fame in
the business world through his management
success and skills during his many years
at General Electric. Welch turned the struggling
slow moving giant of a company into a dynamic
growth company revered by many. During his
20 years of leadership at General Electric
(GE) Welch increased the value of the company
from $13 billion to several hundred billion.
Born John Frances Welch Jr. in Salem Massachusetts
USA in 1935. Welch received his B.S. degree
at the University of Massachusetts in Chemical
Engineering and then went on to receive
his M.S. and Ph.D degrees (as a Chemical
Engineer) at the University of Illinois.
After graduating in 1960 Welch joined General
Electric as a Chemical engineer and worked
his way through the ranks to become the
Chairman and CEO of GE, making him the eighth
and youngest leader.
During his 20 year reign of General Electric,
one of Americas largest and most well known
companies Jack Welch's management skills
became almost legendary. His no nonsense
leadership style gave him a reputation of
being hard, even ruthless, but also fair
when making business decisions.
Welch had little time for bureaucracy and
archaic business ways. If managers didn't
change they were replaced with someone that
could change. Managers were given free reign
as long as they followed the GE ethic of
constant change and striving to do better.
He ran GE like a small dynamic business
able to change as opportunities arose or
when a business become unprofitable.
In his pursuit to change and streamline
the General Electric giant Welch once earned
the nickname of Neutron Jack. More than
100,000 GE employees had their jobs taken
from them during his reign. GE businesses
had to be the best performing business in
their field or they were sold.
General Electric saw great growth and expansion
under Jack Welch's leadership. Through streamlining
operations, acquiring new businesses, and
ensuring that each business under the GE
umbrella was one of the best in its field
the company was able expand dramatically
from 1981 to 2001.
Love him or hate him, there is no denying
that Jack Welch is an exceptional manager
and improved the General Electric company
dramatically. His management ideas and leadership
skills are both admired by business commentators
and imitated by business leaders worldwide.
Since retiring from his role as GE Chairman
in 2001 Welch has written a best selling
memoir "Jack, Straight from the Gut"
and consults with several Fortune 500 businesses.
Jack Welch was married to his first wife
Carolyn for 28 years and had four children
with her. He was married to his second wife
Jane Beasley for almost 14 years. Welch
married his third and current wife Suzy
Wetlaufer after the couple began an
affair when Wetlaufer interviewed Welch
while working for the Harvard Business Review
publication.
This Jack Welch biography may not
be reproduced online.
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Jack Welch Quotes |
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My
main job was developing talent. I was
a gardener providing water and other nourishment
to our top 750 people. Of course, I had
to pull out some weeds, too.
Jack
Welch
- Management
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An organization's ability to learn, and
translate that learning into action rapidly,
is the ultimate competitive advantage.
Jack
Welch - Action
- Learning
-
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