“Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.” Jack Welch
Who is Jack Welch?
John Francis “Jack” Welch, Jr. is an American retired business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company’s value rose 4,000%.
Early life and education
Throughout his early life in middle school and high school, Welch found work in the summers as a golf caddie, newspaper delivery boy, shoe salesman, and drill press operator. Welch attended Salem High School, where he participated in baseball, football, and captained the hockey team.
Late in his senior year, Welch was accepted to University of Massachusetts Amherst, where he studied chemical engineering. Welch worked in chemical engineering at Sunoco and PPG Industries during his college summers. In his sophomore year, he became a member of the Phi Sigma Kappa fraternity. Welch graduated in 1957 with a Bachelor of Science degree in chemical engineering, turning down offers from several companies in order to attend graduate school at the University of Illinois at Urbana-Champaign. He graduated from the University of Illinois, in 1960, with a masters and a PhD in chemical engineering.
Welch joined General Electric in 1960. He worked as a junior chemical engineer in Pittsfield, Massachusetts, at a salary of $10,500. In 1963, an explosion at the factory which was under his management blew off the roof of the facilities, and he was almost fired for that episode.
By 1968, Welch became the vice president and head of GE’s plastics division, which at the time was a $26 million operation for GE. In 1971, Welch also became the vice president of GE’s metallurgical and chemical divisions. Not long after his promotion to head of strategic planning, Welch was named senior vice president and head of Consumer Products and Services Division in 1977, a position he held until 1979 when he became the vice chairman of GE.
In 1981, Welch became GE’s youngest chairman and CEO, succeeding Reginald H. Jones. By 1982, Welch had dismantled much of the earlier management put together by Jones with aggressive simplification and consolidation. One of his primary leadership directives was that GE had to be No. 1 or No. 2 in the industries it participated in.
Text : Wikipedia contributors. “Jack Welch.” Wikipedia, The Free Encyclopedia. Wikipedia, The Free Encyclopedia, 8 Aug. 2017. Web. 9 Aug. 2017