Jack Welch
| Jack Welch | |
|---|---|
Welch in 2012
|
|
| Born |
John Francis Welch, Jr. November 19, 1935 Peabody, Massachusetts, U.S. |
| Residence | Boston, Massachusetts, U.S. |
| Alma mater |
University of Massachusetts Amherst University of Illinois at Urbana Champaign |
| Occupation | Chairman & CEO of General Electric (1981 - 2001) |
| Home town | Salem, Massachusetts, U.S. |
| Net worth |
 $US 750 million (May 2012) |
| Political party | Republican |
| Spouse(s) | Carolyn B. Osburn (1959-87) Jane Beasley (1989–2003) Suzy Wetlaufer (2004–present) |
John Francis "Jack" Welch, Jr. (born November 19, 1935) 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%. In 2006, Welch's net worth was estimated at $720 million. When he retired from GE he received a severance payment of $417 million, the largest such payment in history.
Jack Welch was born in Peabody, Massachusetts, the son of Grace (Andrews), a homemaker, and John Francis Welch, Senior, a Boston & Maine Railroad conductor. Jack is Irish American and Roman Catholic. His paternal and maternal grandparents were Irish.
Throughout his early life in middle school and high school, Jack 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 Master's degree and a PhD in chemical engineering.
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