Jeff Immelt succeeded the legendary Jack Welch as head of General Electric four days before September 11, 2001, when two GE-powered Boeing 767s destroyed GE-insured buildings. In 2008, the global economic crisis struck, and in 2011 there was an accident at the Fukushima-1 nuclear power plant, all six reactors of which were designed by GE engineers. The company's management was obliged to respond to situations quickly and correctly in order to prevent the reputational and financial collapse of GE.