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@Radical_EgoCom Can confirm. My mom worked for GE under his tenure, and his nickname was "Neutron Jack" (think neutron bomb), because once he was through with a GE location, "only the buildings remained".

At my mom's location—capacitors—he got rid of R&D and small capacitor production because "GE is not in the nickel and dime business". Some other company is raking in that money now because Welch wanted GE to only sell big things.