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Email to friend. Go to home page. When Jack Welch took over GE in 1981 and became the youngest CEO in GEâs history, the legendary leader made a resolution to transform GE into the worldâs most competitive enterprise.Welch is a strategic thinker, business teacher, corporate icon and management theorist.mail to friend. Go to home page. When Jack Welch took over GE in 1981 and became the youngest CEO in GEâs history, the legendary leader made a resolution to transform GE into the worldâs most competitive enterprise.
Jack Welch's Net Worth: Jack Welch was Chairman and CEO of General Electric from 1981 to 2001.During his time at GE, the company's value rose about 4000%.Welch received a severance payment worth $417 million when he retired in 2001, which was the largest severance package to any American CEO in the history.