July 3 (Bloomberg) -- Jack Welch, who was General Electric Co.'s chief executive for 21 years, has settled his contesteddivorce case on the eve of a scheduled trial. Terms of the settlement were confidential. Welch, who retiredfrom General Electric in 2001, was to go to trial in divorce courtin Bridgeport, Connecticut, on Monday. ''Jack and Jane Beasley Welch have settled their mattereffective immediately and are now divorced,'' said a press releaseissued by attorneys for both parties. The contentious case led to disclosure of Welch's retirementpackage and prompted the cancellation, at Welch's request, of mostof his fringe benefits. General Electric was...
