Jack Welch, the hard-charging former CEO of General Electric who bought NBC owner RCA in the 1980s, has died. He was 84.
Welch’s death was reported Monday by CNBC, where Welch made appearances after his retirement in 2001.
During his 20 years as chief executive, Welch turned Ge into the one of the world’s largest and most valuable companies. The acquisition of RCA in 1986 for $6.2 billion put Ge in the media business for the next 25 years. Ge sold a controlling stake in what became NBCUniversal — after NBC bought Universal Studios in 2004 — to Comcast in January 2011. Comcast scooped up the remainder of the company in 2013.
Welch earned the nickname “Neutron Jack” for his relentless drive to cut costs, jobs and inefficiency in Ge’s sprawling business operations, which ranged from high finance to large-scale engineering projects to consulting and brokerage firms. Welch was famous for his mandate that Ge’s businesses be either No.
Welch’s death was reported Monday by CNBC, where Welch made appearances after his retirement in 2001.
During his 20 years as chief executive, Welch turned Ge into the one of the world’s largest and most valuable companies. The acquisition of RCA in 1986 for $6.2 billion put Ge in the media business for the next 25 years. Ge sold a controlling stake in what became NBCUniversal — after NBC bought Universal Studios in 2004 — to Comcast in January 2011. Comcast scooped up the remainder of the company in 2013.
Welch earned the nickname “Neutron Jack” for his relentless drive to cut costs, jobs and inefficiency in Ge’s sprawling business operations, which ranged from high finance to large-scale engineering projects to consulting and brokerage firms. Welch was famous for his mandate that Ge’s businesses be either No.
- 3/2/2020
- by Cynthia Littleton
- Variety Film + TV
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