Born John Frances Welch Jr. in Salem Massachusetts USA in 1935. Welch received his B.S. degree at the University of Massachusetts in Chemical Engineering and then went on to receive his M.S. and Ph.D degrees (as a Chemical Engineer) at the University of Illinois.
After graduating in 1960 Welch joined General Electric as a Chemical engineer and worked his way through the ranks to become the Chairman and CEO of GE, making him the eighth and youngest leader.
During his 20 year reign of General Electric, one of Americas largest and most well known companies Jack Welch's management skills became almost legendary. His no nonsense leadership style gave him a reputation of being hard, even ruthless, but also fair when making business decisions.
Welch had little time for bureaucracy and archaic business ways. If managers didn't change they were replaced with someone that could change. Managers were given free reign as long as they followed the GE ethic of constant change and striving to do better. He ran GE like a small dynamic business able to change as opportunities arose or when a business become unprofitable.
In his pursuit to change and streamline the General Electric giant Welch once earned the nickname of Neutron Jack. More than 100,000 GE employees had their jobs taken from them during his reign. GE businesses had to be the best performing business in their field or they were sold.
General Electric saw great growth and expansion under Jack Welch's leadership. Through streamlining operations, acquiring new businesses, and ensuring that each business under the GE umbrella was one of the best in its field the company was able expand dramatically from 1981 to 2001.
Love him or hate him, there is no denying that Jack Welch is an exceptional manager and improved the General Electric company dramatically. His management ideas and leadership skills are both admired by business commentators and imitated by business leaders worldwide.
Since retiring from his role as GE Chairman in 2001 Welch has written a best selling memoir "Jack, Straight from the Gut" and consults with several Fortune 500 businesses.
Jack Welch was married to his first wife Carolyn for 28 years and had four children with her. He was married to his second wife Jane Beasley for almost 14 years. Welch married his third and current wife Suzy Wetlaufer after the couple began an affair when Wetlaufer interviewed Welch while working for the Harvard Business Review publication.
http://www.businessweek.com/1996/44/b34991.htm
No comments:
Post a Comment