Jack Welch Net Worth is$750 Million
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Profession: Writer, Businessperson, Chief Executive Officer, Author, Management
Date of Birth: Nov 19, 1935
Nicknames: jack_welch, Jack Welch
Ethnicity: White American
Country: United States of America
Jack Welch is a management expert, CEO and author with a net worth of $750 million. Jack Welch accumulated his net worth through the many positions he held with GE, his teaching at MIT Sloan School of Management and a rather substantial financial retirement plan. He was born in Peabody, Massachusetts.
John Francis "Jack" Welch, Jr. (born November 19, 1935(1935-11-19)) is an American chemical engineer, business executive, and author. He was Chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4000% and was the most valuable company in the world for a time. In 2006 Welch's net worth was estimated at $720 million.
Jack Welch was born in Peabody, Massachusetts to John, a Boston & Maine Railroad conductor, and Grace, a homemaker.
Welch attended Salem High School and later the University of Massachusetts Amherst, graduating in 1957 with a Bachelor of Science degree in chemical engineering. While at university he was a member of the Alpha chapter of the Phi Sigma Kappa fraternity.
Welch went on to receive his M.S. and Ph.D at the University of Illinois at Urbana-Champaign in 1960.
Welch joined General Electric in 1960. He worked as a junior chemical engineer in Pittsfield, Massachusetts, at a salary of $10,500 annually. While at GE, he blew off the roof of the factory, and was almost fired for doing so. Welch was displeased with the $1,000 raise he was offered after his first year, as well as the strict bureaucracy within GE. He planned to leave the company to work with International Minerals & Chemicals in Skokie, Illinois.
Reuben Gutoff, a young executive two levels higher than Welch, decided that the man was too valuable a resource for the company to lose. He took Welch and his first wife Carolyn out to dinner at the Yellow Aster in Pittsfield, and spent four hours trying to convince Welch to stay. Gutoff vowed to work to change the bureaucracy to create a small-company environment.
Welch was named a vice president of GE in 1972. He moved up the ranks to become senior vice president in 1977 and vice chairman in 1979. Welch became GE's youngest chairman and CEO in 1981, succeeding Reginald H. Jones. By 1982, Welch had disassembled much of the earlier management put together by Jones.

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Jack Welch Latest News

Suzy Welch: Try the productivity hack that top CEOs swear by

Welch suggests that you try adding a protected hour to your calendar this week. Suzy Welch is the co-founder of the Jack Welch Management Instituteand a noted business journalist, TV commentator and public speaker.
Posted: May 22, 2018, 6:00 am

Three years removed from bringing Ennis a state title, Jack Alvarez heading to Copperas Cove

Alvarez will replace Jack Welch at Copperas Cove, who retired earlier this month after more than 20 years at the school. Copperas Cove went 5-6 last season, losing to DeSoto in the bi-district round last year.
Posted: May 11, 2018, 1:41 pm

Jack Welch era is over in Copperas Cove

COPPERAS COVE, Texas (KWTX) Jack Welch, who led the Copperas Cove High School team to two state championship games and compiled a 193-84-1 record over the course of more than two decades has retired. The Copperas Cove School Board approved a resignation ...
Posted: May 8, 2018, 5:00 am
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