Jack Welch

American executive: General Electric CEO

John Francis "Jack" Welch Jr. (November 19, 1935 – March 1, 2020) was an American retired business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001.[1]

Jack Welch
Welch in 2012
John Francis Welch Jr.

(1935-11-19)November 19, 1935
DiedMarch 1, 2020(2020-03-01) (aged 84)
Alma materUniversity of Massachusetts Amherst
University of Illinois at Urbana-Champaign
OccupationChairman & CEO of General Electric (1981–2001)
Political partyRepublican
Spouse(s)Carolyn B. Osburn (1959–1987)
Jane Beasley (1989–2003)
Suzy Wetlaufer (2004–present)

In 2006, Welch's net worth was estimated at $720 million.[2] When he retired from GE he received a severance payment of $417 million, the largest such payment in history.[3]

Welch died on March 1, 2020 of renal failure at his home in Manhattan at the age of 84.[4][5]

References change

  1. "Jack Welch: 'I Fell In Love'". CBS News. Archived from the original on 2013-10-01. Retrieved 2017-12-11.
  2. Storrs, Francis (March 2006). "The 50 Wealthiest Bostonians". Boston Magazine. Archived from the original on 2012-02-10. Retrieved 2008-10-03.
  3. Green, Jeff (June 6, 2013). "Jumbo Severance Packages for Top CEOs Are Growing". Business Week. Retrieved 2014-07-10.
  4. "Jack Welch, former chairman and CEO of GE, dies at 84". CNBC. March 2, 2020. Retrieved March 2, 2020.
  5. Gryta, Thomas (2 March 2020). "Jack Welch, Legendary CEO of General Electric, Dies at Age 84". Wall Street Journal. Retrieved 2 March 2020.