Jack Welch, chairman and CEO of the American company General Electric (1981-2001)
John Francis “Jack” Welch, Jr. (born November 19, 1935) is an American retired business executive, author, and chemical engineer.
- He was chairman and CEO of General Electric between 1981 and 2001.
- During his tenure at GE, the company’s value rose 4,000%.
- In 2006, Welch’s net worth was estimated at $720 million.
- When he retired from GE he received a severance payment of $417 million, the largest such payment so far in history.