Jack Welch Fast FactsBy CNN LibraryUpdated 10:06 PM ET, Tue December 2, 2014Here is a look at Jack Welch's life, former CEO of General Electric. Personal:Birth date: November 19, 1935 Birthplace: Peabody, MassachusettsBirth name: John Francis Welch, Jr. Father: John Francis Welch, Sr., a train conductor Mother: Grace (Andrews) WelchMarriages: Suzy Wetlaufer, journalist (April 24, 2004-present); Jane Beasley, corporate lawyer (1989-2002, divorced); Carolyn B. Osburn (1959-1987, divorced)Children: with Carolyn Osburn: Katherine; John; Anne; Mark Education: University of Massachusetts, 1957, B.S. Chemical Engineering; University of Illinois, 1960, M.S., Ph.D. Chemical EngineeringOther Facts:Head of Jack Welch, LLC, established in 2007.Media had given him the nickname "Neutron Jack" for his no-nonsense approach to business.Wrote a weekly column in Business Week with his wife Suzy called "The Welch Way."Timeline:1960 - Begins career at GE in the Chemical Development Organization as a chemical engineer.1972 - He is appointed general manager of the worldwide plastics division and becomes a vice president. 1979 - Vice Chairman and Executive Officer.1981 - He is appointed Chairman and CEO, the youngest CEO that General Electric Corporation (GE) has ever had. 1999 - Fortune magazine names Welch "Manager of the Century."September 2001 - Steps down as GE chairman and CEO and is replaced by Jeffrey Immelt. September 06, 2002 - Jack Welch is worth $900 million in stock and has a life insurance policy paid by the company and a pension plan that pays more than $9 million a year. July 3, 2003 - Announcement is made that his ex-wife Jane Beasley Welch will receive an undisclosed lump sum divorce settlement. April 13, 2007 - Makes a failed attempt, with other investors, to buy the Boston Globe from New York Times Co. June 21, 2009 - Pays more than $2 million for 12% stake in Chancellor University System LLC which delivers online education. The MBA program will become the Jack Welch Management Institute.July 5, 2009 - Is hospitalized and later released after suffering a bacterial infection. November 2011 - Sells the Jack Welch Management Institute to Strayer University for $7 million. The sale is a 70-30 split with Chancellor University; Welch gets the 70%.October 9, 2012 - Welch and wife Suzy resign as Fortune magazine and Reuters contributors after his controversial tweet regarding the Obama administration and September unemployment data was criticized by Fortune. More from usAstronaut finds water in helmet after seven-hour spacewalk5 things to know for your New Day - Friday, February 27What color is this dress?