So Jack Welch co-hosted CNBC's Squawk Box this morning, and at first we were like, snooze. But then the Times DealBook piqued our interest by reporting that the former GE chief used a "mild anatomical vulgarity" to refer to his successor, Jeff Immelt. Nice, we said to ourselves, because we have the sense of humor of a 13-year-old boy. What did he call him that the Times couldn't say? A prick? A boob? A cock? A knob-gobbler? A twatermelon? Sadly, no.
We watched the entire tape, only to hear Welch refer to his successor as getting his ass kicked for missing GE’s earnings expectations last week. "He apologized, he did get his ass kicked, and he'll never do it again," he said. Sigh. Dude needs to take few lessons from Jane Fonda.
Straight From the Gut [CNBC]