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Not only did Welch not break it, but he transformed it as well and multiplied its value beyond anyone's expectations: from a market capitalization of $14 billion to more than $400 billion today. GE is the second-most-valuable company on earth, behind Cisco, and at times during the past few years has been No. 1.
That record is stunning but in itself may not be enough to make someone manager of the century. Welch wins the title because in addition to his transformation of GE, he has made himself far and away the most influential manager of his generation. (Indeed, his only competition would be Alfred P. Sloan, General Motors' chief from 1923 to 1946.As the most widely admired, studied, and imitated CEO of his time, Welch has enriched not only GE's shareholders but also the shareholders of companies around the globe. His total economic impact is impossible to calculate but must be a staggering multiple of his GE performance.
Warren Buffett speaks is also invaluable for investors.The performance of Berkshire Hathaway speaks for itself (the company's annual rate of return to investors--an astounding 33% since 1982).
Overall these books are well written,excellent reads and above all, exceptionally educational.
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