Jack Welch (GE)

Jack Welch was the CEO of General Electric (GE) from 1981 to 2001. He is known for transforming GE into one of the most valuable and efficient companies in the world. Welch emphasized performance management, famously introducing the "rank and yank" system, which encouraged strong performance by rewarding top employees and dismissing the lowest performers. He focused on streamlining operations and expanding into high-growth industries, leading to significant revenue increases. Welch's leadership style and strategies earned him a reputation as a pioneer in corporate management, influencing business practices globally. He remains a prominent figure in discussions of business success and leadership.