Out-innovating them is the way to beat China. And to do everything that we do in this country to support innovative policy, that drives innovation and new products and more jobs and creates jobs. You can't - you can't put a wall up around here. We tried that in the '30s. It didn't work.

By 1999 he was named "Manager of the Century" by Fortune magazine. Jones. Welch has received criticism for a lack of compassion for the middle class and working class.

(born (1935-11-19)November 19 1935) is an American business executive author and former chemical engineer. In 2006 Welch's net worth was estimated at $720 million.