Jack Welch, the former Chairman and CEO of General Electric (NYSE:GE), passed away at the age of 84.

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Jack Welch died on Sunday. His wife was the one to make the announcement. The cause of death was renal failure. In remembrance of him, InvestorPlace has collected a series of his best quotes to share.

The following are some of the best Jack Welch quotes to remember him by.

• “An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.”
• “Strong managers who make tough decisions to cut jobs provide the only true job security in today’s world. Weak managers are the problem. Weak managers destroy jobs.”
• “Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”
• “Giving people self-confidence is by far the most important thing that I can do. Because then they will act.”
• “If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don’t have to manage them.”
• “The essence of competitiveness is liberated when we make people believe that what they think and do is important – and then get out of their way while they do it.”
• “I’ve learned that mistakes can often be as good a teacher as success.”
• “Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.”
• “Face reality as it is, not as it was or as you wish it to be.”
• “Be candid with everyone.”

You can find more Jack Welch quotes at BrainyQuote.com.

As of this writing, William White did not hold a position in any of the aforementioned securities.