4. Intro…
A great company founded by a great
inventor! Thomas Alva Edison
founded the Edison Electric Light
Company in 1878 to manufacture and
sell his new invention - incandescent
electric lamp. Later Edison combined
all his businesses under Edison
General Electric Company that
merged with Thomson-Houston
Electric Company in 1892 to form the
General Electric Company.
5. Intro….
• Type Public company
• Traded as NYSE GE Dow Jones Component
• Industry Conglomerate
• Founded Schenectady, New York, US
(1892)
• Founder(s) Charles Coffin, Edwin Houston,
Elihu Thomson, Thomas Edison
• Headquarters Fairfield, Connecticut, US[1]
• Area served Worldwide Key people
• Jeffrey Immelt (Chairman & CEO)
6. Intro…
• Products Appliances, aviation, consumer
electronics, electrical distribution,
electric motors, energy, entertainment,
finance, gas, healthcare, lighting, locomotives,
oil, software, water, weapons, wind turbines
• Revenue US$ 150.211 billion (2010)
• Operating income US$ 15.166 billion (2010)
• Net income US$ 12.163 billion (2010)
• Total assets US$ 751.216 billion (2010)
• Total equity US$ 124.198 billion (2010)
• Employees 287,000 (2010)
• Subsidiaries GE Capital, GE Energy,
GE Home & Business Solutions,
GE Technology Infrastructure,
NBCUniversal (49%)
GE Aviation
8. Who is Jack Welch ?
John Francis "Jack" Welch,
Jr. (born November 19,
1935) is an American
chemical engineer,
business executive, and
author. He was Chairman
and CEO of General
Electric between 1981 and
2001. In 2006 Welch's net
worth was estimated at
$720 million.
9. Jack Welch
• Jack Welch was born in Salem, Massachusetts to John,
a Boston & Maine Railroad conductor, and Grace, a
homemaker.
• Welch attended Salem High School and later the
University of Massachusetts Amherst, graduating in
1957 with a Bachelor of Science degree in chemical
engineering. While at UMass he was a member of the
Alpha chapter of the Phi Sigma Kappa fraternity.
• Welch went on to receive his M.S. and Ph.D at the
University of Illinois at Urbana-Champaign in 1960.
10. Journey Of Jack At GE
• Welch joined General Electric in 1960. He worked
as a junior chemical engineer in Pittsfield,
Massachusetts, at a salary of $10,500 annually.
While at GE, he blew off the roof of the factory,
and was almost fired for doing so. Welch was
displeased with the $1,000 raise he was offered
after his first year, as well as the strict
bureaucracy within GE. He planned to leave the
company to work with International Minerals &
Chemicals in Skokie, Illinois.
11. Journey Of Jack At GE
• Welch was named a vice
president of GE in 1972.
• He moved up the ranks to
become senior vice president
in 1977 and vice chairman in
1979.
• Welch became GE's
youngest chairman and CEO
in 1981, succeeding Reginald
H. Jones.
• By 1982, Welch had
disassembled much of the
earlier management put
together by Jones.
12. • During the early 1980s he was dubbed
"Neutron Jack" (in reference to the neutron
bomb) for eliminating employees while
leaving buildings intact.
15. The Welch Era at GE: 1981-2001
During the first five years as CEO, Jack Welch
emphasized that GE should be No.1 or No.2 in
all businesses or get out of them.
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22. Conclusion
• Jack Welch was the greatest influence on GE
and the business around the world in his time
the transformation brought by him in GE was
the most innovative, breakthrough in
leadership style as a CEO
