Jack Welch, who grew General Electric during the 1980s and 1990s into the most valuable public company in the United States, has died at the age of 84, CNBC reported on Monday.
Welch—known as “Neutron Jack” for cutting thousands of jobs—bought and sold scores of businesses, expanding the industrial giant into financial services and consulting. Under him, GE’s market value grew from $12 billion to $410 billion. But his push to build out GE Capital’s financing business nearly proved the undoing of the entire enterprise during the global financial crisis more than a decade ago.
