Jack Welch

Filed Under »
Dictionary Says

Definition of 'Jack Welch'

The former chairman and CEO of General Electric (GE) from 1981 - 2001. Welch expanded the company and dramatically increased its market value from $14 billion to $410 billion during his tenure.

Welch has a reputation as one of the top CEOs of all time, as evidenced by Fortune magazine’s recognition of him in 1999 as Manager of the Century. His management strategies included embracing change and reinvention, leading rather than controlling, giving employees at all levels responsibility and freedom, being focused, being consistent and following up.

Investopedia Says

Investopedia explains 'Jack Welch'

Prior to leading GE, Welch had worked there for 21 years. He was hired as a junior engineer in 1960. During the 1980s Welch was given the nickname "Neutron Jack" for eliminating employees while leaving the office buildings intact. Welch adopted the Six Sigma quality program in 1995. The program led to greatly increased profits during the late 1990s and early 2000s.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Chief Executive Officer - CEO

    The highest ...

  2. Chairman

    An executive ...

  3. Best Of Breed

    A stock that ...

  4. C-Suite

    A widely-used ...

  5. Chief Financial Officer - CFO

    The senior ...

  6. Six Sigma

    A ...

  7. Six Sigma

    A ...

  8. Alan Greenspan

    The former ...

  9. Icahn Lift

    The name given ...

  10. Warren Buffett

    Known as "the ...

Articles Of Interest

  1. You Don't Know Jack Welch

    This engineer climbed the corporate ladder to lead his company into double-digit growth.

  2. CEOs Who Blazed The Trail (Kroc, Hock And Welch)

    The right CEO can make all the difference in a company's market position.

  3. Management Strategies From A Top CEO

    Find out what this winning manager did to grow one of the biggest companies in the world.

  4. Carl Icahn's Investing Strategy

    Buying up failing investments and turning them around helped to create the "Icahn lift" phenomenon.

  5. Management Advice From Megalomaniacs, Villains and Innovators

    These historical figures were succesful managers. Here is how you can implement the same tactics they used - good and bad.

  6. The Greatest Currency Trades Ever Made

    These speculators took big positions - and scored huge profits - in the currency market.

  7. Female CEOs Who Climbed The Corporate Ladder

    These women climbed the ladder and broke the glass ceiling.

  8. Steve Jobs And The Apple Story

    Discover the lessons you can learn from Steve Jobs, with a brief history of Apple.

  9. Financial Wisdom From Three Wise Men

    Learn nine simple rules to success from the talented Buffett, Gartman and Pearson.

  10. 6 Rules From 6 Of The World's Top Investors

    These lessons from Icahn, Buffett, Slim and others will help you with your portfolio and trading style.
Sponsored links

comments powered by Disqus
Hot Definitions

  1. Love Money

  2. Shark Watcher

  3. Judo Business Strategy

  4. Dogs Of The Dow

  5. Chinese Hedge

  6. X-Mark Signature

Recommended
Loading, please wait...
See More »
Trading Center