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Former GE CEO Jack Welch is dead

Jack Welch, former chief executive officer of General Electric Co., stands for a photograph at the World Business Forum in New York, U.S., on Wednesday, Oct. 2, 2013. Intellectuals, political and business leaders gather at the annual World Business Forum, a global business summit, to debate and discuss the challenges of the world economy. Photographer: Peter Foley/Bloomberg via Getty Images

(CNN) — Jack Welch, who led General Electric through 20 years of its greatest financial success, has died, according to CNBC, which spoke with his wife, Suzy. He was 84.

Welch became CEO of GE in 1981 and led it until his retirement in 2001.

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