The New GE: How Jack Welch Revived an American Institution

Last updated October 31, 2026

By Robert Slater

Robert Slater describes how Jack Welch transformed General Electric after becoming its chief executive in 1981. He covers the sale and purchase of whole businesses, deep job cuts, the push to be first or second in every market and the effort to strip away bureaucracy, and he explains how these changes turned GE into one of the most valuable companies in the world.

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