"If leadership is an art, then surely Welch has proved himself a master painter." - Business Week, May 28, 1998.
"The two greatest corporate leaders of this century are Alfred Sloan of General Motors and jack Welch of GE. And Welch would be the greater of the two because he set a new, contemporary paradigm for the corporation that is the model of the 21st Century." - Noel Tichy, Professor of Management, University of Michigan, and a longtime GE observer. Introduction
|On September 6, 2001, John Francis Welch Jr. (Jack Welch), Chairman and |[pic][pic][pic][pic][pic][pic] | |Chief Executive Officer of General Electric Co. (GE),1 retired after | | |spending 41 years with GE. During the period, he made GE the most | | |valuable company in the world. Analysts felt that, with his innovative, | | |breakthrough leadership style as CEO, Jack Welch transformed GE into a | | |highly productive and efficient company. During Jack Welch's two decades| | |as CEO, GE had grown from a US$13 billion manufacturer of light bulbs | | |and appliances in 1981, into a US$480 billion industrial conglomerate by| | |2000. Analysts felt that Jack Welch had become a 'deal-making' machine, | | |supervising 993 acquisitions worth US$13 billion and selling 408 | | |businesses for a total of about US$10.6 billion. | |
Jack Welch was infact described as 'the most important and influential business leaders of the 20th Century' by some Wall Street analysts and academics alike. |[pic][pic][pic] |Management experts felt that Jack Welch's reputation as a leader could | | |be attributed to four key qualities: he was an intuitive strategist; he | | |was willing to change the rules if necessary; he was highly competitive;| | |and he was a great communicator... | | |The Making of a CEO | | |Jack Welch graduated in chemistry from the University of Massachusetts | | |and in 1959 got a Ph.D in chemical engineering from the University of | | |Illinois. In 1960, he started his career at GE as a Junior Engineer... |
The Making of a CEO Contd...
|However, in 1961, Jack Welch decided to quit the US$10,500 job as he was|[pic][pic][pic][pic][pic][pic] | |unhappy with the company's bureaucracy. He was offended that he was | | |given a raise of only US$1000, the same amount given to all his | | |colleagues. He had even accepted a job offer from International Minerals| | |and Chemicals in Skokie, Ill. However, Reuben Gutoff, an...
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