Investments glossary

Jack Welch

Jack Welch was the chairman and CEO of General Electric (GE) from 1981 – 2001. Welch expanded the company, leading it to a dramatically increased market value from $14 billion to $410 billion under his leadership. Welch had a reputation as one of the top CEOs of all time, and Fortune magazine dubbed him Manager of the Century in 1999.  When Welch left the company, he was given a severance payment estimated at between $417-$420 million, which was the largest severance payment ever at the time. Welch died on March 1, 2020, at the age of 84 years old.

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