Heard on Morning Edition Jack Welch served as General Electric's chief executive from 1981 to 2001. During his reign, the company's market value skyrocketed to $410 billion from $12 billion. Jack Welch, the larger-than-life chief executive who grew General Electric into an industrial powerhouse, has died. He was 84. During his reign from 1981 to 2001, the company's market value skyrocketed to $410 billion from $12 billion. For his success in growing GE's value, Fortune magazine dubbed him "manager of the century" in 1999. BUSINESS GE Struggles To Show It Still Has Magic Touch Welch aggressively bought and sold divisions, insisting GE rank near the top of any business in which it operated. But his style of management came under a lot of scrutiny and criticism after he left. Welch was known as "Neutron Jack" for cutting tens of thousands of jobs, and critics say the seeds of GE's downfall were pla...
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