Updated at 5:08 p.m. ET
Jack Welch, the larger-than-life chief executive who grew General Electric into an industrial powerhouse, has died. He was 84.
During his reign from 1981 to 2001, the company's market value skyrocketed to $410 billion from $12 billion. For his success in growing GE's value, Fortune magazine dubbed him "manager of the century" in 1999.
Welch aggressively bought and sold divisions, insisting GE rank near the top of any business in which it operated.