Jack Welch, the former CEO and chair of General Electric, died late Sunday at age 84, his wife confirmed Monday.
Welch died of renal failure, per his wife; he retired from GE in 2001. Welch oversaw GE for two decades as its market value ballooned from $12 billion to $410 billion, for a time the world's second-most valuable company, reports CNBC.
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President Trump paid tribute to his "friend and supporter" Welch in a Monday tweet, declaring him a "business legend" and saying they "made wonderful deals together." Kathryn Krawczyk
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