GE Legend Jack Welch Passes Away at 84
Jack Welch, the architect of General Electric's (NYSE: GE) meteoric rise and champion of a number of business practices that were widely embraced by corporate America in response to GE's success, has died at the age of 84.
Welch joined GE in 1960 straight out of college after earning graduate degrees in chemistry and steadily worked his way up the ranks. He was named CEO in 1981, and over a twenty-year career made more than 600 acquisitions, including expanding GE's reach into broadcasting and building its financial operations, among other areas.
Aircraft engines, including the GEnx Engine, are a key part of GE's portfolio. Image source: General Electric.
Source Fool.com
