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Jack Welch. Summary John Francis Welch Jr.'s beginnings were humble. ... Today, Jack
Welch is a business legend. Jack Welch John Francis Welch, Jr. ...
Jack Welch. 07-06-06 Jack Welch Era After reading the passage one learns that there
were factors that were of help to the GE and were harmful to the work force. ...
The Jack Welch Era. The Jack Welch Era John Francis "Jack" Welch Jr. became CEO
of General Electric in April 1981. He held this position for twenty years. ...
General Electric and Jack Welch. ... General Electric's venture was Calma. This encompasses
all parts of Jack Welch's Three Circle Vision for General Electric. ...
jack welch. Jack Welch is a business genius, he is one of the most notorious and
successful CEO's who is well respected in companies around America. ...
Submitted by shawnlsy on June 4, 2008
Category: Biographies
Words: 2934 | Pages: 12
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John Francis Welch, Junior was born on November 19, 1935 in Peabody, Massachusetts. He received his B.S degree in chemical engineering from the University of Massachusetts in 1957 and his M.S. and Ph.D. degrees in chemical engineering from the University of Illinois in 1960. Explaining his choice of subject, Welch has said: “I had an uncle who was an engineer at a power station in Salem, so an engineer was something. I took chemistry and engineering went together.” As being the first one from his family to go to college, Mr. Welch later joined GE’s Plastic division in Pittsfield, Massachusetts as a chemical engineer in 1960. Twelve years later, he was named the company’s youngest Vice President and was then named Vice Chairman in 1979. Shortly after, the company also announced that he would succeed Reginald H. Jones as the eighth CEO the company had appointed in 92 years.
In 1984 Fortune called Welch the “toughest boss in America” as GE virtually invented downsizing. A whopping of 37,000 jobs had been cut by end of 1982 and a total of nearly 200,000 GE employees left the company throughout the next two decades. After whipping out an entire middle management sector, casting out business divisions that are not performing at number one or two of their market, GE started to focused new core business in the platform such as healthcare, aircraft engines, information services and broadcasting. GE had also bought 338 businesses and product lines for $11.1 billion and sold 232 for $5.9 billion during the 1980s. In 1986 GE made several extremely important purchases. The biggest deal in GE acquisition history was RCA $6.4 billion, the company GE had helped to found in 1919. RCA’s National Broadcasting Company (NBC) as leading U.S. television network has brought GE into the broadcasting business in full force.
Although RCA’s consumer electronics production line overlaps with GE Consumer & Industrial, the match was concluded by...
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