'And we’ll continue to honor his legacy by doing exactly what Jack would want us to do: win.' Lawrence Culp, Jr., said in a statement Monday. Welch 'reshaped the face of our company and the business world,' GE Chairman and CEO H. Welch grew GE's market value 40-fold, to $500 million, during his 20-year tenure, eventually making GE the world's most valuable company, after Microsoft. Some viewed the controversial CEO as abrasive, while others applauded him for his profitable management decisions. In leadership, Welch had the chance to address the problems he saw when he first began at GE.Īs CEO, he ripped into 300 separate businesses that GE was built around and oversaw nearly 120,000 layoffs, earning him the nickname “Neutron Jack.'
