Jack Welch is one of the world's most respected and celebrated CEOs, known for his unmatched track record of success, enormous love of people, fierce passion for winning, and unbridled desire to change the world for the better using his unique management practices, which are collectively called The Welch Way.
Born to a working class family in Salem, Massachusetts, Jack attended the University of Massachusetts, and received his PhD in Chemical Engineering from the University of Illinois. He joined GE at age 24, worked his way up through many divisions, and was named its CEO in 1981 at the age of 45.
In his 21 years as CEO, Jack transformed GE into the world's most admired and successful company with his innovative management techniques. Revenues grew five-fold from $25 billion to $130 billion, income grew ten-fold, from $1.5 billion to $15 billion, and the company's market capitalization had a 30-fold increase of more than $400 billion. His achievements are considered epic, and as a result, thousands of companies around the world have adopted the Welch Way.
After retiring from GE in 2001, Jack Welch has only become more active in business. He has written two best-selling business books, Jack: Straight from the Gut and Winning. He actively participates in managing numerous companies as part of a private equity group, and for four years wrote an immensely popular weekly column for BusinessWeek magazine. He is a fixture on TV as a popular business commentator.
Jack Welch has always been defined by his zealous love of teaching and commitment to building leaders. At GE, he created the world's best corporate training center and regularly taught there himself. More recently, he taught a popular course as a visiting professor at MIT's Sloan School of Management, and he regularly teaches seminars to CEOs and senior executives around the world.
Students in the Jack Welch Management Institute's MBA and Executive Certificate programs have direct access to Jack Welch. Working closely with an outstanding faculty, Jack is intimately involved in every aspect of the Jack Welch Management Institute. As Executive Chairman of JWMI, he hosts quarterly videoconferences with students, appears in exclusive videos about current business events, interacts with students via email, and is deeply engaged in the development of the program's curriculum.
Jack Welch didn't just stamp his name on the school, says alum Paul Danek, who works as a management consultant. JWMI offers an opportunity for direct interaction with one of our time's greatest leaders.
Nielsen CEO Dave Calhoun discusses what it was like to train under Jack Welch.