FixQuotes Logo White

Jack Welch Biography

Jack Welch, Businessman
Attr: Hamilton83, CC BY-SA 3.0
Born asJohn Francis Welch Jr.
Occup.Businessman
FromUSA
SpouseSuzy Wetlaufer
BornNovember 19, 1935
Peabody, Massachusetts, USA
Age89 years
Jack Welch was birthed as John Francis Welch Jr. on November 19, 1935, in Peabody, Massachusetts, U.S.A.. Growing up in a working-class household, he played various sporting activities as well as gained the nickname "Neutron Jack" for his management top qualities at a young age.

In 1957, Welch finished from the University of Massachusetts with a Bachelor's degree in chemical engineering. He after that acquired a Master's level as well as a Ph.D. in the very same area from the College of Illinois in 1960. After graduation, he started his remarkable career with General Electric (GE) as a chemical engineer in their plastics division.

Welch's decision and also relentless search of excellence promptly pushed him up the pecking order. By 1973, he became the vice president and head of GE's tactical planning division. This experience provided him a deep understanding of exactly how the company functioned across its different companies. In 1981, Welch ended up being the youngest CEO and Chairman in GE's history, being successful Reginald H. Jones.

Under Welch's leadership, GE undertook a massive makeover. He thought that the business might only thrive if it was either the first or second largest gamer in the sectors it ran in. He combined, marketed, or closed underperforming business units, and also invested heavily in research and development. He additionally introduced the "Work-Out" program, which damaged down obstacles between management and employees, improving communication and also decision-making. Additionally, Welch put a strong focus on employee growth, making him the moniker "Supervisor of the Century" by Lot of money publication in 1999.

Throughout his tenure, Welch established strong connections with significant individuals like former Aetna Chairman and also CEO Ron Compton and also previous IBM Chairman and also Chief Executive Officer Lou Gerstner. Close affiliates and coworkers like Larry Bossidy, his right-hand man, as well as Vice Chairman Dennis Dammerman, supplied vital assistance for Welch's efforts.

However, Welch's period was not without controversy. His cost-cutting actions caused a substantial reduction in the business's labor force, which gained him the bad label "Neutron Jack". He was likewise criticized for his lush retirement plan and also the scenarios surrounding his divorce from his 2nd spouse, Jane Beasley.

Welch relinquished GE in 2001, ending a 20-year period as CEO. After leaving the firm, he focused on creating, teaching, and also mentoring young magnate. He co-authored several very successful publications, including "Winning" in cooperation with his 3rd wife, Suzy Welch.

On March 1, 2020, Jack Welch died at the age of 84. He left behind a heritage of management and also advancement that affected not just General Electric but additionally the whole business world. His vision and also resolution transformed GE right into one of the biggest and most successful firms in the world, and also he will certainly always be born in mind as one of one of the most famous CEOs in American background.

Our collection contains 25 quotes who is written / told by Jack, under the main topic Change.

Related authors: Lou Gerstner (Businessman)

Jack Welch Famous Works:
Source / external links:

25 Famous quotes by Jack Welch

Small: If you dont have a competitive advantage, dont compete
"If you don't have a competitive advantage, don't compete"
Like
Small: An organizations ability to learn, and translate that learning into action rapidly, is the ultimate com
"An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage"
Like
Small: If you pick the right people and give them the opportunity to spread their wings and put compensation a
"If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don't have to manage them"
Like
Small: Number one, cash is king... number two, communicate... number three, buy or bury the competition
"Number one, cash is king... number two, communicate... number three, buy or bury the competition"
Like
Small: Give me a highly successful unionized industry
"Give me a highly successful unionized industry"
Like
Small: Control your own destiny or someone else will
"Control your own destiny or someone else will"
Like
Small: Change before you have to
"Change before you have to"
Like
Small: Be candid with everyone
"Be candid with everyone"
Like
Small: Face reality as it is, not as it was or as you wish it to be
"Face reality as it is, not as it was or as you wish it to be"
Like
Small: Dont manage - lead change before you have to
"Don't manage - lead change before you have to"
Like
Small: Willingness to change is a strength, even if it means plunging part of the company into total confusion
"Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while"
Like
Small: Weve only been wealthy in this country for 70 years. Who said we ought to have all this? Is it ordained
"We've only been wealthy in this country for 70 years. Who said we ought to have all this? Is it ordained?"
Like
Small: We bring together the best ideas - turning the meetings of our top managers into intellectual orgies
"We bring together the best ideas - turning the meetings of our top managers into intellectual orgies"
Like
Small: The team with the best players wins
"The team with the best players wins"
Like
Small: The Internet is the Viagra of big business
"The Internet is the Viagra of big business"
Like
Small: My main job was developing talent. I was a gardener providing water and other nourishment to our top 75
"My main job was developing talent. I was a gardener providing water and other nourishment to our top 750 people. Of course, I had to pull out some weeds, too"
Like
Small: The essence of competitiveness is liberated when we make people believe that what they think and do is
"The essence of competitiveness is liberated when we make people believe that what they think and do is important - and then get out of their way while they do it"
Like
Small: The 1980s will seem like a walk in the park when compared to new global challenges, where annual produc
"The 1980s will seem like a walk in the park when compared to new global challenges, where annual productivity increases of 6% may not be enough. A combination of software, brains, and running harder will be needed to bring that percentage up to 8% or 9%"
Like
Small: Strong managers who make tough decisions to cut jobs provide the only true job security in todays world
"Strong managers who make tough decisions to cut jobs provide the only true job security in today's world. Weak managers are the problem. Weak managers destroy jobs"
Like
Small: If GEs strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a c
"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"
Like
Small: Ive learned that mistakes can often be as good a teacher as success
"I've learned that mistakes can often be as good a teacher as success"
Like
Small: I was afraid of the internet... because I couldnt type
"I was afraid of the internet... because I couldn't type"
Like
Small: Good business leaders create a vision, articulate the vision, passionately own the vision, and relentle
"Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion"
Like
Small: Globalization has changed us into a company that searches the world, not just to sell or to source, but
"Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas"
Like
Small: Giving people self-confidence is by far the most important thing that I can do. Because then they will
"Giving people self-confidence is by far the most important thing that I can do. Because then they will act"
Like
FixQuotes Square Blue Logo
  • 2025 FixQuotes.com
  • All rights reserved
Links
Follow us