Jack Welch was the most over-hyped CEO in business. He rode the bubble up and bailed. Everything was on autopilot. Look real close at GE for the past 10 years and GE's price. Also check the dividends during the same period. Bottom line he was a dud in both his personal life and his CEO life. He bailed at the right time ( only good decision he ever made) with a ton of money.
When I bought my first shares of KMP (before swapping into KMR) GE stock price was in the 40s and KMP was in 20s. I've earned something like 18% annualized returns for the last 11 years or so with KMP/KMR -- not even counting the extra profits from KMI, when Kinder last took it public for $115/shr -- while GE is still barely half what is was then. Kinder vs Welch is a complete no-brainer.