John Gokongwei Quotes
Managers will work for a salary. Entrepreneurs create new businesses. Many people have capital, but instead of making money for business they build houses for rent. It's easy money to collect rental.
Flores, Wilson Lee. "John Gokongwei Jr. on secrets to long life, true happiness and immense success." The Philippine Star, 25 Aug. 2013.
What makes this quotation particularly funny is that “entrepreneur” is not originally an English word but was borrowed from the French. However, probably what the president was trying to express is that the French act as if they had not word or concept as they have many economic policies that discourage entrepreneurship. The President while a bright man has never been particularly gifted as an intellectual or an orator, becomes the butt of humor with this quotation. There are Bush supporters who challenge the fact that Bush actually made such a gaff, and there has been no other verification other than Baroness Williams.
John Robinson Lim Gokongwei Jr. was a Filipino billionaire businessman and philanthropist. He had holdings in telecommunications, retail, financial services, petrochemicals, power generation, aviation, food, beverage, and livestock farming.