Investopedia

Continue to Site »

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.

Articles Of Interest

  1.

    Management Strategies From A Top CEO

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

  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. You Don't Know Jack Welch

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

  4. The Path To Becoming A CEO

    Think you have what it takes to be chief executive? Find out what those at the top have in common.

  5. Thomas Rowe Price: Always Right

    This great investor mastered a new type of investing with every new market he faced.

  6. Members Of Congress With The Highest Net Worth

    Members of Congress make much more than the average American citizen. Here are the four wealthiest congressmen.

  7. 5 Most Publicized Ethics Violations by CEOs

    High-profile downfalls of corporate CEOs are not a new phenomenon. Here are five of the most public and egregious CEO ethics failures.

  8. Is A One Million Dollar Nonprofit CEO Salary As Bad As It Sounds?

    Although seven-figure salaries for CEOs of nonprofit organizations may make most cringe, might there ever be a time when it can be justified?

  9. 4 Top Reasons Why Companies Hire New CEOs

    Here are the top reasons why companies look for new CEOs.

  10. The Dawn Of The Age Of Female CEOs

    A new report highlights the fact that of all the Fortune 500 companies, there are now 20 female CEOs heading up these companies.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Validation Period

    The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the issuance of the policy.

  2. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  3. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  4. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  5. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  6. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
Trading Center