Jack Welch, legendary former chairman and CEO of General Electric who was dubbed the ‘manager of the century’, dies at 84
- Wife of the former Chairman and CEO of General Electric confirmed the death
Former Chairman and CEO of General Electric Jack Welch has died at 84, his wife has confirmed.
Welch, who at the height of his prominence was dubbed the ‘manager of the century’ by Fortune magazine, was believed to be worth $750million in May 2018.
He led GE for 20 years from 1981 to 2001, growing its market value from $12billion to $410billion.
At one point the conglomerate was the world’s second most valuable company, behind Microsoft.
Former Chairman and CEO of General Electric Jack Welch has died at 84. he is pictured taking part in a strategic and policy CEO discussion with U.S. President Donald Trump in the Eisenhower Execution Office Building in Washington, U.S., April 11, 2017
However Welch was also notorious for slashing tens of thousands of jobs, earning himself the nickname Neutron Jack.
He is survived by his wife Suzy and four children from his first marriage to Carolyn B. Osburn. They split in April 1987 after 28 years together.
Welch was married Jane Beasley from 1989 to 2003.
Welch and Suzy met in October, 2001, while Suzy Wetlaufer was working on a story about Welch for the Harvard Business Review.
They married at Park Street Church in Boston, Massachusetts on April 24, 2004.
Suzy has four children from a previous marriage.
Welch grew up a railroad conductor’s son and went on to become an author, commentator, and Executive Chairman of the Jack Welch Management Institute.
The Institute is a business school offering an MBA at Strayer University.
Former CEO of General Electric, Jack Welch (L), walks down the steps of Park Street Church with Suzy Wetlaufer after their wedding in Boston, Massachusetts, April 24, 2004. The couple met in October, 2001, while Wetlaufer was working on a story about Welch for the Harvard Business Review