October 3, 2001 |
Jack Welch, former chairman of General Electric Co., joined Clayton, Dubilier & Rice Inc. after a yearlong courtship, giving the 23-year-old leveraged buyout firm more clout. The New York-based firm, which manages $6.6 billion of capital, said Welch, 65, will help it assess new investments and expand overseas as well as court clients. Welch, who retired from the world's biggest company last month, won't be actively involved in companies.
September 17, 2002 |
He was hailed as the Tiger Woods of management, a brilliant business magician and, as head of General Electric Co., one of the world's most admired executives. In turn, Jack Welch heaped praise on his wife, Jane, lauding her in his bestselling autobiography as "the perfect partner." Now that they are divorcing, Jane Beasley Welch has become the most formidable opponent the retired chief executive has encountered.
May 17, 1993 |
Welch Gives NBC Affiliates a Pep Talk: General Electric's chairman, Jack Welch, told executives of NBC's local affiliates that the television network, which GE owns, would bounce back from several recent controversies. Welch, speaking to station executives in Florida, gave several NBC executives credit for bringing new drive and momentum to the network, which has been struggling for ratings. He also insisted that NBC is not for sale, contrary to recent rumors.
January 31, 2003 |
A judge Thursday granted former General Electric Co. Chairman Jack Welch's request to keep details in his divorce case -- from his business dealings to his personal diary entries -- confidential for now. Judge Arthur Hiller granted the temporary order keeping private the depositions of Welch and his wife, Jane. Jane Welch's attorneys want details about Jack Welch's consultant business and gifts he has given his children and grandchildren, said his attorney, Daniel K. Webb.
July 4, 2003 |
Former General Electric Co. Chairman Jack Welch and his estranged wife, Jane, have reached a divorce settlement, a lawyer involved in the case said Thursday. The settlement, whose terms were not disclosed, marks the end of a bitter and closely watched breakup that had cast a public spotlight on the lavish benefits awarded Welch as part of his GE retirement package. The pact came days before the divorce trial was due to begin in Connecticut. The Welches had been married for 13 years.
September 11, 2001 |
Jack Welch, who retired as General Electric Co. chairman last week, sent an autographed copy of his book--"Jack, Straight from the Gut"--to Mario Monti, the European regulator who blocked the acquisition the executive hoped would crown his career. Fiat Chairman Paolo Fresco delivered the book to Monti Saturday in the lobby of the Villa d'Este hotel on the banks of Lake Como in northern Italy.