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  • Time Magazine International Edition

    Milestones

    Mar 06, 2020 2 minutes
    —ALEJANDRO DE LA GARZA
    By Ellen Burstyn

    DIED

    Jack Welch

    Business leader

    WHEN HE TOOK THE REINS of American industrial behemoth General Electric in 1981, Jack Welch—who died March 1 at 84—launched a new era at the manufacturer. He cut divisions making small household appliances, which were stymied by competition from Asia; drastically expanded GE’s finance business; and shed thousands

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