Who succeeded Jack Welch at GE?
William Jenkins
Updated on January 08, 2026
Immelt
‘Volatility and market risk’ matter to CEO success In 2001, Immelt succeeded then-CEO Jack Welch, who built the company from 1981 over two decades into a corporate behemoth.
How much is Jack Welch worth?
He was Chairman and CEO of General Electric (GE) between 1981 and 2001. When he retired from GE he received a severance payment of $417 million, the largest such payment in business history. In 2006, Welch’s net worth was estimated at $720 million….
| Jack Welch | |
|---|---|
| Died | March 1, 2020 (aged 84) New York City, New York, U.S. |
How much does the CEO of GE make?
Four months later, Flannery was out as CEO; Culp was in. He was the first outsider to lead GE and the first CEO to get an employment contract. Culp’s four-year contract called for him to be paid an annual salary of $2.5 million, plus receive a target bonus equal to 150% of his base salary, or another $3.75 million.
Where is Jack Welch buried?
Jack Welch
| Birth | 19 Nov 1935 Peabody, Essex County, Massachusetts, USA |
|---|---|
| Death | 1 Mar 2020 (aged 84) New York County (Manhattan), New York, USA |
| Burial | Burial Details Unknown |
| Memorial ID | 207569226 · View Source |
Who was the CEO of General Electric?
H. Lawrence Culp Jr. (Sep 30, 2018–)
General Electric/CEO
Why did Jack Welch stay at General Electric?
Welch was persuaded to remain at GE by Reuben Gutoff, an executive at the company, who promised him that he would help create the small-company atmosphere Welch desired. 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.
What did Jack Welch say about the world?
Seen that way, then, the world can be filled with winners, and there is room for them all.” – Jack Welch 15. “Control your own destiny or someone else will.” – Jack Welch 16. “Effective people know when to stop assessing and make a tough call, even without total information.
What kind of rules does Jack Welch follow?
Welch also spells out standards on how to reward top workers. He lists eight rules managers have to follow to be good leaders. And six other rules on how to be effective managers of people. But most important in the battle to win, Welch writes, is that employees have to be just as upfront as he is.
Where did Jack Welch make his TV sets?
“I came into a company that had at least an extra 100,000, maybe 150,000 extra people. It was the early ’80s. We were making television sets in Syracuse, N.Y., and the Japanese were selling them at the mall cheaper than we were making them,” adds Welch. “Now, it didn’t take a genius to shut that operation down.
