Jack Welch, the legendary chief government of Normal Electric who turned it into a business worthy of more than $400bn, has died aged of 84.
Throughout the two decades that he ran the US conglomerate, Mr Welch manufactured it into the world’s second most precious business after Microsoft – presiding around a inventory surge of nearly three,000pc.
The former GE boss’s blunt style and endless cost cutting gained him the moniker “Neutron Jack”. He also mentored protégés who went on to operate some of the world’s very best-known corporations and was named “Supervisor of the Century” by Fortune magazine in 1999.
Mr Welch transformed the business from a maker of appliances and light-weight bulbs into an industrial and money products and services powerhouse.
He died at residence on Sunday surrounded by his family members. The businessman’s demise was brought on by renal failure after a very long combat with ailment,