Welch, Jack

Welch, Jack

(John Francis Welch, Jr.), 1935–, American business executive, b. Salem, Mass., grad. Univ. of Massachusetts (1957); Univ. of Illinois (M.S., 1958; Ph.D., chemical engineering, 1960). He joined General Electric (GE) in 1960 and became vice president (1972) and then vice chairman (1979). In 1981 he became chairman and CEO of GE; at 45, he was the youngest person ever to have held that position. Under Welch, GE made a series of aquisitions, including RCA with its NBC television network in 1986, that resulted in its becoming the world's largest manufacturing, technology, and service company, with 1999 revenues of over $110 billion. Welch is credited with "reinventing" GE by encouraging decentralization in the organization, plus speed, simplicity, and self-confidence among management, but he was also known as "Neutron Jack" because of the number of employees that were fired or laid off during his tenure. He introduced the "Work Out" concept, a results-focused approach to problem solving. He retired in 2001.

Bibliography

See his Jack: Straight from the Gut (with J. A. Byrne, 2001); studies by T. F. O'Boyle (1998) and R. Slater (1998).

References in periodicals archive ?
Lewis Churm, Jack Turner, Calum Linton, Edwin Welch, Jack Wilson and Sam Beever all starred.
Welch, Jack (2001) Jack Headline Publishing, New York
17) Welch, Jack, xiv, 381; Stephen Carter, Integrity.
Hall together now: Carlton Fisk is the leading holdover on this year's ballot for the Baseball Hall of Fame, while Steve Sax, Bob Welch, Jack Morris and Rich Gossage are among 14 players appearing for the first time.
Having achieved vast television and movie success over the past decade, co-starring in various productions with such marquee-level talent as Burt Reynolds, Bill Murray, Ed Asner, Raquel Welch, Jack Warden, Sarah Jessica Parker, Johnny Depp and many others, Paloma returns to his roots in support of his recently released enhanced CD of the same name.
Rangers maintained the pressure in the second half and continued to play creative, free-flowing rugby with speedy backs Lewis Churm, Edwin Welch, Jack Turner and Danny Kilby always a threat out wide.
Outside backs Edwin Welch, Jack Turner, Harry Franklin, Rory Jones and Danny Kilby all made excellent contributions to an outstanding team performance.
Lewis Churm, Jack Turner, Calum Linton, Edwin Welch, Jack Wilson and Sam Beever all gave telling contributions in committed, enthusiastic and controlled performance against a team which had only previously lost once in the last four seasons.