Former GE chairman Jack Welch is returning to his old stomping grounds — as on-air talent.
Welch, who oversaw NBC and its cable siblings MSNBC and CNBC in his previous job, will join CNBC’s flagship morning market show “Squawk Box” as a special contributor, beginning Feb. 7.
The bestselling author of “Jack: Straight From the Gut” will guest-host once a quarter, working with “Squawk Box” regulars Mark Haines, Maria Bartiromo, Marci Rossell, David Faber and Joe Kernen. And, surprise — he won’t be getting a paycheck.
“He’s only got about a trillion dollars of GE stock. Money has very little to do with any of his decisions at this point in his life,” jokes Kernen, who is excited by the idea of working with his former boss.
“We’re a business net, which is not always that sexy. But Jack’s about as sexy as it gets for business,” he says.
“This is a guy who created the world’s most valuable company and then steered it through the last 20 years through all kinds of economic conditions.”
Maybe so, but Welch’s credentials don’t intimidate Kernen.
“I don’t think he could pull my paycheck. Besides, I’ve played golf with him, and I had more performance anxiety with him on the golf course than on-air.”