Jack Welch Net Worth is$750 Million
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Profession: Writer, Businessperson, Chief Executive Officer, Author, Management

Date of Birth: Nov 19, 1935

Nicknames: jack_welch, Jack Welch

Ethnicity: White American

Country: United States of America

Jack Welch is a management expert, CEO and author with a net worth of $750 million. Jack Welch accumulated his net worth through the many positions he held with GE, his teaching at MIT Sloan School of Management and a rather substantial financial retirement plan. He was born in Peabody, Massachusetts.
John Francis "Jack" Welch, Jr. (born November 19, 1935(1935-11-19)) is an American chemical engineer, business executive, and author. He was Chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4000% and was the most valuable company in the world for a time. In 2006 Welch's net worth was estimated at $720 million.
Jack Welch was born in Peabody, Massachusetts to John, a Boston & Maine Railroad conductor, and Grace, a homemaker.
Welch attended Salem High School and later the University of Massachusetts Amherst, graduating in 1957 with a Bachelor of Science degree in chemical engineering. While at university he was a member of the Alpha chapter of the Phi Sigma Kappa fraternity.
Welch went on to receive his M.S. and Ph.D at the University of Illinois at Urbana-Champaign in 1960.
Welch joined General Electric in 1960. He worked as a junior chemical engineer in Pittsfield, Massachusetts, at a salary of $10,500 annually. While at GE, he blew off the roof of the factory, and was almost fired for doing so. Welch was displeased with the $1,000 raise he was offered after his first year, as well as the strict bureaucracy within GE. He planned to leave the company to work with International Minerals & Chemicals in Skokie, Illinois.
Reuben Gutoff, a young executive two levels higher than Welch, decided that the man was too valuable a resource for the company to lose. He took Welch and his first wife Carolyn out to dinner at the Yellow Aster in Pittsfield, and spent four hours trying to convince Welch to stay. Gutoff vowed to work to change the bureaucracy to create a small-company environment.
Welch was named a vice president of GE in 1972. He moved up the ranks to become senior vice president in 1977 and vice chairman in 1979. Welch became GE's youngest chairman and CEO in 1981, succeeding Reginald H. Jones. By 1982, Welch had disassembled much of the earlier management put together by Jones.

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Jack Welch Latest News

Presenting the new book to Jack Welch

This is the third and probably the last of my reports on the “Chiasmus Jubilee” that was held on Wednesday night at Brigham Young University, culminating a two-day academic conference on campus devoted to the subject of chiasmus in the scriptures and ...
Posted: August 17, 2017, 9:00 pm

Trump vs. The Business Community

Former General Electric Chairman Jack Welch implored the president, "Stop it. You can't go industry by industry ... through intimidation, business by business by business." As ordeals go, though, theirs was notably mild. The stock market soared ...
Posted: August 19, 2017, 9:04 pm

C.E.O.s Revolted Against Trump. Now Comes the Hard Part.

In fact, their lofty missions were so virtuous that G.E.’s Jack Welch, a generation later, complained to me that they had taken their eyes off the ball of their own firms’ competitiveness, preferring to work on social issues instead of parochial ...
Posted: August 18, 2017, 7:48 am

Inside the call where CEOs found their moral compass and steered away from Trump

More Jack Welch than Averell Harriman or even George H.W. Bush. Moreover, American business leaders have retreated from the center of the political spectrum and moved further to the conservative end. From World War II through the 1960s, big business ...
Posted: August 18, 2017, 10:33 am

Donald Trump, the anti-business president

Former General Electric Chairman Jack Welch implored the president, “Stop it. You can’t go industry by industry ... through intimidation, business by business by business.” As ordeals go, though, theirs was notably mild. The stock market soared ...
Posted: August 17, 2017, 10:00 pm
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