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Jack Welch, legendary former GE chairman and CEO, dies: CNBC report

GE saw great growth and expansion under Jack Welch's leadership.

Jack Welch | Wikimedia Commons
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Jack Welch | Wikimedia Commons

Reuters
Jack Welch, who grew General Electric Co during the 1980s and 1990s into the most valuable public company in the United States, has died at age of 84, CNBC reported on Monday.

Welch--known as "Neutron Jack" for cutting thousands of jobs--bought and sold scores of businesses, expanding the industrial giant into financial services and consulting. Under him, GE's market value grew from $12 billion to $410 billion.

But his push to build out GE Capital's financing business nearly proved the undoing of the entire enterprise during the global financial crisis more than a decade ago.

In December 1980, it was
Topics : Companies

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