John Francis Welch, Jr., also know as Jack Welch, was born November 19, 1935 (Jack Welch). He was born in Peabody, Massachusetts (Jack Welch). He attended Salem High School and the University of Massachusetts Amherst (Jack Welch). He graduated from Amherst in 1957 with a Bachelor of Science degree in chemical engineering (Jack Welch). In 1960 he received a MS and PhD at the University of Illinois at Urbana-Champaign (Jack Welch).
After receiving his MS and PhD, that same year Welch joined General Electric (Jack Welch). At a salary of $10,500, he worked as a junior chemical engineer in Pittsfield, Massachusetts (Jack Welch). A year later ...view middle of the document...
Welch was forty-five when he took control of GE (Jack Welch (GE)-FamousCEOs). He was a no-nonsense executive who believed that every single component of the company had to produce a profit (Jack Welch (GE)-FamousCEOs). “Each person, each piece of equipment, each division, and each manager had to contribute to the bottom line in a positive manner. Those that could not or would not were summarily relieved of their duties (Jack Welch (GE)-FamousCEOs).” There was no denying that Jack Welch was a Theory-X manager. Thousands of people were fired during his control (Jack Welch (GE)-FamousCEOs). He would fire the bottom 10% of his managers at the end of each way (Jack Welch). The Welch Way was the only way, and hundreds of companies around their world use the Welch Way to conduct their businesses (Jack Welch (GE)-FamousCEOs).
After his retirement from General Electric, Welch gave his name to Sacred Heart University’s College of Business, which will be known as the John F. Welch College of Business (Jack Welch). Since 2006, Jack Welch has been teaching at the MIT Sloan School of Management to a hand-picked group of 30 MBA students with a demonstrated career interest in leadership (Jack Welch). In 2009, Welch founded the Jack Welch Management Institute, a program at Chancellor University (Jack Welch).
"Jack Welch (GE) - FamousCEOs." Profile: Jack Welch (GE) - FamousCEOs: The
Greatest Entrepreneurs. N.p., n.d. Web. 03 Dec. 2013.
"Jack Welch." Wikipedia. Wikimedia Foundation, 12 Feb. 2013. Web. 03 Dec. 2013.