Jack Welch

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Jack Welch
Welch in 2012
John Francis Welch Jr.

(1935-11-19)November 19, 1935
DiedMarch 1, 2020(2020-03-01) (aged 84)
Alma materUniversity of Massachusetts Amherst
University of Illinois at Urbana-Champaign
OccupationChairman & CEO of General Electric (1981–2001)
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. (November 19, 1935 – March 1, 2020) was 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]

Welch died on March 1, 2020 of renal failure at his home in Manhattan at the age of 84.[5][6]

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. Archived from the original on 2012-02-10. Retrieved 2008-10-03. CS1 maint: discouraged parameter (link)
  4. Green, Jeff (June 6, 2013). "Jumbo Severance Packages for Top CEOs Are Growing". Business Week. Retrieved 2014-07-10. CS1 maint: discouraged parameter (link)
  5. "Jack Welch, former chairman and CEO of GE, dies at 84". CNBC. March 2, 2020. Retrieved March 2, 2020. CS1 maint: discouraged parameter (link)
  6. Gryta, Thomas (2 March 2020). "Jack Welch, Legendary CEO of General Electric, Dies at Age 84". Wall Street Journal. Retrieved 2 March 2020. CS1 maint: discouraged parameter (link)