BUSINESSWEEK ONLINE : DECEMBER 11, 2000 ISSUE
COVER STORY

High Points


Photo by Najlah Feanny/SABA Welch proved just as adept at buying and building businesses as he was at slashing jobs. He purchased RCA in 1985, bringing the NBC television network into the GE fold and adding a radically new service business to the industrial mix. He transformed GE Capital Corp. from a sleepy finance company into a powerhouse that now supplies 41% of GE's earnings. And in a dramatic stroke that proved he was a dealmaker to the end, Welch last October seized Honeywell Inc. from rival United Technologies Corp. with a $45 billion bid. It was the largest deal of his career--and to see it through, Welch postponed his retirement by eight months.



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