Jack Welch

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Jack Welch
JackWelchApril2012.jpg
Welch in 2012
Born
John Francis Welch Jr.

(1935-11-19) November 19, 1935 (age 83)
ResidenceBoston, Massachusetts, U.S.
Alma materUniversity of Massachusetts Amherst
University of Illinois at Urbana-Champaign
OccupationChairman & CEO of General Electric (1981–2001)
Home townSalem, Massachusetts, U.S.
Net worthIncreaseUS$750 million (May 2012)[1]
Political partyRepublican
Spouse(s)Carolyn B. Osburn (1959–1987)
Jane Beasley (1989–2003)
Suzy Wetlaufer (2004–present)

John Francis "Jack" Welch Jr. (born November 19, 1935) is an American retired business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001.[2]

In 2006, Welch's net worth was estimated at $720 million.[3] When he retired from GE he received a severance payment of $417 million, the largest such payment in history.[4]

References[change | change source]

  1. "The 50 Wealthiest Bostonians". 15 May 2006.
  2. "Jack Welch: 'I Fell In Love'". CBS News.
  3. Storrs, Francis (March 2006). "The 50 Wealthiest Bostonians". Boston Magazine. Retrieved 2008-10-03.
  4. Green, Jeff (June 6, 2013). "Jumbo Severance Packages for Top CEOs Are Growing". Business Week. Retrieved 2014-07-10.