Rupert Murdoch and Jack Welch attend Rupert Murdoch Hosts a Cocktail Reception for the Release of Jack Welch's Book "Winning" at Four Seasons on April 6, 2005. (Photo by Neil Rasmus/Patrick McMullan via Getty Images)
President Donald Trump and greets former General Electric CEO Jack Welch at the beginning of a policy forum in the State Dining Room at the White House February 3, 2017. (Photo by Chip Somodevilla/Getty Images)
Tim Russert, Jack Welch, Senator Hillary Clinton (D-NY), Simon Winchester, Liz Smith and Peter Ladd pose backstage for the 20th Anniversary Celebration of "Literacy Partners" in 2004. (Photo by Scott Eells/Getty Images)
Jack Welch playing golf with President Bill Clinton.
NEW YORK, NY - JUNE 07: Suzy Welch and Jack Welch attend the Central Park Conservancy Taste Of Summer Benefit in Central Park on June 7, 2017 in New York City. (Photo by Brook Christopher/Getty Images)
Former CEO of General Electric, Jack Welch, speaks during the World Business Forum in New York October 5, 2010. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) - GM1E6A602XI01
General Electric chief executive officer John "Jack" Welch speaks at a press conference in New York on October 23, 2000 where he discussed General Electrics acquisition of Honeywell for $45 billion in stock. Welch will now stay on as chairman and CEO through the end of 2001, pushing back a planned April retirement. PM/ME - RP2DRHZTJMAA
UNITED STATES - CIRCA 2000: General Electric chairman Jack Welch speaks at news conference announcing that Jeffrey Immelt (right) will become GE's president and CEO when Welch retires at the end of 2001. (Photo by Andrew Savulich/NY Daily News Archive via Getty Images)
206811 08: John F. Welch Jr. - CEO of General Electric, New York city, March 15, 1994. (Photo by Stan Godlewski / Liaison Agency)
NEW YORK, NY - SEPTEMBER 19: Jack Welch is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes Media Centennial Celebration at Pier 60 on September 19, 2017 in New York City. (Photo by Daniel Zuchnik/WireImage)