Milestones
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 of jobs “for productivity
