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Detailed explanation-1: -BOSTON (AP) - Jack Welch, who transformed General Electric Co. into a highly profitable multinational conglomerate and parlayed his legendary business acumen into a retirement career as a corporate leadership guru, has died. He was 84.

Detailed explanation-2: -Long before the reign of Elon Musk, Mark Zuckerberg and Jeff Bezos, there was Jack Welch. Welch, who headed up the General Electric Company from 1981 and 2001, is often thought of as the first celebrity CEO, a businessman who wowed investors and mingled with celebrities.

Detailed explanation-3: -Welch was C.E.O. of G.E., his legacy still affects millions of American households. Almost immediately after Mr. Welch retired in September 2001 with a $417 million severance package, G.E. went into a tailspin from which it would never recover.

Detailed explanation-4: -Key Takeaways. Jack Welch was the chair and chief executive of General Electric from 1981 to 2001. Welch closed factories, laid-off workers, and presented a vision of growing fast in a slow-growth economy. Welch was active as a public speaker and writer, co-authoring two books with his wife Suzy Welch.

Detailed explanation-5: -In 1981, Welch became GE’s youngest chairman and CEO, succeeding Reginald H. Jones.