Jack Welch’s profile picture

Jack Welch

Former Chairman & CEO of General Electric
Jack Welch’s profile picture
Net worth 2018: $750 Million
Industry: Writers
Residence: Peabody, Massachusetts, U.S
Country: United States
BirthDay: 19 November 1935
Height: 1.7 m
Education: University of Illinois at Urbana-Champaign (1960), University of Massachusetts Amherst (1957), University of Illinois at Urbana-Champaign, Salem High School
BIOGRAPHY

Jack Welch was bornon 19 November 1935 in Peabody, Massachusetts, U.S, American, is Former Chairman & CEO of General Electric. John Francis Welch, Jr., better known as Jack Welch in the business world, was the chairman and CEO of General Electric for a period of two decades. Now retired, the business executive is a qualified chemical engineer who began his career in a junior position at General Electric. Though he was not happy during his initial years at the company, he eventually began to enjoy his work and became the head of GE's entire plastics division within a few years of joining. From there he went from success to success and his long and fruitful journey with the company finally culminated in his being selected the CEO. Under his leadership GE increased its market share manifold and soon many CEOs of other companies too began following his policies. Jack Welch redefined the concept of leadership and created a model for others to follow. In spite of being such a successful CEO he was not without his detractors who felt he was too rigid and uncaring towards the working class employees as he was known to dismiss employees frequently. His brilliant leadership skills prompted him to write books on the very subject, many of which became international bestsellers. Welch has also had his share of controversies, especially at the time of his much publicized divorce from his second wife.

NET WORTH STATISTIC
2018

$750 Million

TIMELINE
2005

Welch is also an author who has written several books on management and leadership, including the 2005 bestseller, ‘Winning’ which he co-wrote with his third wife, Suzy

2004

He married Suzy in 2004 and is currently married to her

2003

This marriage too ended in a divorce in 2003 after his wife found about his affair with Suzy Wetlaufer whom he would eventually marry

1987

The couple divorced after 28 years of marriage in 1987

1981

Jack Welch is best known for serving as the chairman and CEO of General Electric from 1981 to 2001

1980

It was announced in 1980 that Jack Welch would succeed Reginald H

1977

He was named the vice president and head of Consumer Products and Services Division in 1977; he became the Vice Chairman in 1979

1973

In 1973, he was appointed as the head of strategic planning for GE

1971

In 1971, Welch also became the vice president of GE's metallurgical and chemical divisions

1970

Throughout the 1970s he worked relentlessly and was promoted from one position to another in quick succession, managing each challenging post with the same dedication and determination

1968

He continued working for GE and was made the vice president and head of GE’s entire plastics division in 1968, just eight years after he had joined the company in a junior position

1963

An incident that happened in 1963 almost cost him the job

1960

He joined General Electric in 1960 as a junior chemical engineer in the plastics division

1959

He married Carolyn Osburn in 1959 and had four children with her

1957

He went to the University of Massachusetts from where he graduated with a Bachelor of Science degree in chemical engineering in 1957

1935

He was born on 19 November 1935 in Massachusetts to John Welch and his wife, Grace

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