- Name: Jack Welch
- Born: 11/19/1935
- Died: 03/01/2020 (84 years old)
- Occupation: Business executive, chemical engineer, writer
John Francis Welch Jr. (November 19, 1935– March 1, 2020) was an American business executive, chemical engineer, and writer. He was chairman and CEO of General Electric (GE) between 1981 and 2001.
When he retired from GE he received a severance payment of $417 million, the largest such payment in business history.
In 2006, Welch’s net worth was estimated at $720 million.
Birth Name: John Francis Welch Jr.
School: University of Massachusetts Amherst (BS), University of Illinois at Urbana–Champaign (MS, PhD)
Alias: John Francis Welch Jr.
Birth Place: Peabody, Massachusetts, U.S.
Death Place: New York City, New York, U.S.
Jack Welch quotes :
An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.Jack Welch
Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.Jack Welch
Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.Jack Welch
A strategy is something like, an innovative new product globalization, taking your products around the world be the low-cost producer. A strategy is something you can touch you can motivate people with be number one and number two in every business. You can energize people around the message.Jack Welch
Short cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business.Jack Welch
Number one, cash is king... number two, communicate... number three, buy or bury the competition.Jack Welch
If you don't have public hangings for bad culture in a company, if you don't take people out and let them say, they went home to spend more time with the family. It's crazy.Jack Welch
If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century.Jack Welch
In order to lead a country or a company, you've got to get everybody on the same page and you've got to be able to have a vision of where you're going. America can't have a vision of health care for everybody, green economy, regulations - can't have a bunch of piece-meal activities. It's got to have a vision.Jack Welch