[dredmorbius]

"'Neutron' Jack Welch, who led GE's rapid expansion, dies at 84" (Reuters)

...Welch - known as “Neutron Jack” for cutting thousands of jobs - bought and sold scores of businesses, expanding the industrial giant into financial services and consulting. Under him, GE’s market value grew from $12 billion to $410 billion, making Welch one of the most iconic chief executives of his era.

But his push to build out the GE Capital financing business nearly proved the undoing of the entire enterprise during the global financial crisis more than a decade ago, and GE now trades at a fraction of its peak value....

https://www.reuters.com/article/us-people-jackwelch/neutron-...