John Francis "Jack" Welch, Jr. (born November 19, 1935) was Chairman and CEO of General Electric between 1981 and 2001. Welch gained a solid reputation for uncanny business acumen and unique leadership strategies at GE.During his tenure, GE increased its market capitalization by over $400 billion. The uncanny business acumen and leadership strategies include some startling and radical decisions he took during his tenure at GE as CEO. He remains a highly-regarded figure in business circles due to his innovative management strategies and leadership style. His net-worth is estimated at $720 million