“whether you believe in global warming or not ... because the world wants these products”
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Jack Welch
John Francis Welch Jr. was an American business executive. He was chairman and CEO of General Electric (GE) between 1981 and 2001. During his 20-year tenure, GE's market value grew from $14 billion to $600 billion, and he has frequently been cited as one of the greatest chief executives of the twentieth century.
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business · American business executive (1935–2020) · businessperson · writer · engineer · journalist · manager · entrepreneur · also Jack Welch, John Francis Welch, Jr., John Francis "Jack" Welch, Jr., Welch
Born 19 November 1935 · Died 1 March 2020 · Q355314
40 published statements · 0 followers
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2026· 2 entries
Public attention spiked: 2,569 Wikipedia readers in one day, 3.8× the usual 683, with 0 article edits.
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2020· 3 entries
Died 2020-03-01.
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“At the heart of this culture is an understanding that an organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive business advantage.”
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“Six Sigma has forever changed GE. Everyone—from the Six Sigma zealots emerging from their Black Belt tours, to the engineers, the auditors, and the scientists, to the senior leadership that will take this Company into the new millennium—is a true believer in Six Sigma, the way this Company now works.”
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2018· 2 entries
Welch discussed the different financial culture in Kidder, Peabody & Co
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As its fourth CEO since Welch's departure
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2017· 1 entry
Noting GE's stock price as overvalued under Welch because of the growth of the financial services sector, as well as describing the amalgamated corporation's decline in 16 years under Immelt, who likewise was one of the
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2014· 1 entry
GE Capital (the company's major financial services branch organized during Welch's tenure) agreed to the largest credit card discrimination settlement in history, concerning many years of deceptive marketing as well as d
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2012· 2 entries
After an article critical of Welch and his GE career was published by Fortune
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Welch and his third wife, Suzy Welch, quit their business associations with Fortune magazine and Reuters news service after Fortune published an article which criticized Welch's tweet, shortly before the 2012 election, w
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2010· 2 entries
Welch cameoed as himself in the NBC sitcom 30 Rock, appearing in the season four episode "Future Husband"
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But that article was widely debunked, including the fact that the employee had not worked at the Bureau since 2011
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2009· 1 entry
Welch founded the Jack Welch Management Institute (JWMI), which is a program at Chancellor University that offered an online executive Master of Business Administration
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2008· 1 entry
“On the face of it, shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy...your main constituencies are your employees, your customers and your products.”
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2006· 2 entries
Welch gave his name to Sacred Heart University's College of Business, which was known as the "John F
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Welch's net worth was estimated at $720 million
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2005· 1 entry
Published Winning, a book about management co-written with Suzy Welch, which reached No
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2002· 1 entry
Beasley informed the Review and Wetlaufer was forced to resign in early 2002 after admitting to the affair with Welch while preparing an interview with him for the magazine.
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2001· 3 entries
For adultery with the woman who became his third wife
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“s performance for a comparable period under his successors. Welch had grown GE to over $450 billion in market capitalization, of which about 40% was in financial services. Criticism Twenty years later, the company”
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Welch had stated that his effectiveness as its CEO for two decades would be measured by the company's performance for a comparable period under his successors
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2000· 1 entry
The year before he left, they were nearly $130 billion
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1998· 1 entry
Welch's critics questioned whether the short-term performance pressure he placed on employees may have led them to "cut corners", thus contributing to subsequent scandals over defense-contracting, and/or the Kidder, Peab
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1996· 1 entry
Welch and GE had agreed to a "retention package" worth $2
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1989· 1 entry
She married Welch in April 1989, and they divorced in 2003.
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1986· 1 entry
And expanded aggressively into financial services through GE Capital, which came to account for 40% of the company's revenue
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1982· 1 entry
And in 2009 an honorary doctorate from University of California, Los Angeles
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1981· 3 entries
To $410 billion when he retired, the company making 600 acquisitions while shifting into emerging markets
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Made a speech in New York City called "Growing fast in a slow-growth economy", which is often acknowledged as the "dawn" of the shareholder value movement
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Welch became GE's youngest chairman and CEO, succeeding Reginald H
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1980· 1 entry
The year before Welch became CEO, GE recorded revenues of roughly $26
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1977· 1 entry
Welch was named senior vice president and head of Consumer Products and Services Division, a position he held until 1979 when he became the vice chairman of GE
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1971· 1 entry
Welch also became the vice president of GE's metallurgical and chemical divisions
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1963· 1 entry
An explosion blew the roof off the factory under Welch's management, and he was almost fired
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1961· 1 entry
Welch planned to quit his job as junior engineer because he was dissatisfied with the raise offered to him and was unhappy with the bureaucracy he observed at GE
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1960· 1 entry
With a master's and a PhD in chemical engineering
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1957· 1 entry
With a Bachelor of Science degree in chemical engineering, turning down offers from several companies in order to attend graduate school at the University of Illinois Urbana-Champaign
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1935· 2 entries
In Peabody, Massachusetts, the only child of Grace (née Andrews), a homemaker, and John Francis Welch Sr
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Born 1935-11-19.
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