Okay, so there was a man named Jack Welch who was a really important businessman. He was the boss of a really big company called General Electric, which makes things like light bulbs and airplane engines.
Jack Welch was really good at his job and he helped General Electric make a lot of money. He did this by making some big changes to the way the company worked.
One thing he did was he looked at all the different parts of the company and he decided which ones were doing well and which ones were not. Then he made some tough decisions, like getting rid of some parts that weren't doing well. This helped the company get stronger and make more money.
Another thing he did was he made sure that the people who worked at General Electric were really good at their jobs. He did this by giving them training and helping them improve their skills.
Overall, Jack Welch was a really important and successful businessman who helped General Electric become even more successful.