after 28 years, mark hoffman, longtime cnbc chairman, will be stepping down from his role.a memo to employees he writes, what a marv his can-do family we've become. cnbc stands for something. it impacts the business world, vesselorer and individuals struggling to make sense of their money. you have made a difference he will be step down effective september 12th cnbc has gone through great chain under mark's tenure. >> i love mark. >> me too. i can't say enough >> i don't know. i didn't want this. >> 17 years is a long tenure a lot has happened at cnbc. >> the kinds of shows that have been developed under mark, a "mad money," a "fast money," shows that spoke to the individual investor at a time when nobody was talking to the individual investor. nobody was talking to the aspirational investor. the people at home. >> you are dead right. when i wanted to talk to people on a show, take calls, and previous people at the network were like, you can't -- basically the great -- and mark said, what a great idea, let's speak to real people but you say you've always made it understanda

, first as president and then chairman of cnbc and nearly 30 years with nbc and nbc universal, mark hoffman will step down on september 12th a tv producer and news man at heart, as a business exec he's led led cnbc, the number one business and money brand across the globe. he will be succeeded by kc sullivan, a 13-year veteran of nbc universal. he has worked in a variety of top executive roles including president of cnbc international, chief financial officer of the nbc news group and cfo of cnbc this new position. we wish mark and his family nothing but blue skies and a heartfelt thanks it is always a bittersweet melancholy time when you have a changing of the guard. mark has been a friend of mine from the day i arrived here, and that's a long time ago he was here in 1997, and he and kiki and the boys are dear friends of ours. >> that was before streaming, that was before social media, and here we are now, and yeah, i mean, on a personal level as well i'm about to be on fourth little leaf here in as many years >> the other thing i'm going to embarrass mark by saying this and kc i'm sure wi

what social media did, i can't remember if it was mark or reid hoffman, the founder of linkedin who said this, but we are trying to make it sone you never have o be alone. you never have to be lonely. >> yet loneliness has increased. >> you are exactly right. all this facebook stuff actually doesn't make people feel that much better at least in the long term. being alone is one of the things that helps you to ponder the bigger things, to get out of current social events, to get away from the distractions, the diversions and away childish things and think about what is serious andd what is eternal and universal. the problem is loneliness can be absolutely debilitating. i was terribly lonely, awful to be lonely and being alone can put you in a desperate condition. who wouldn't want to escape and contact. it's particularly difficult for an adolescent whose fragility is there, who doesn't have many foundations that grown-ups would have that they could rely upon. things like having a child of your own, having to take care of an infant, the foundation for your life. you can't worry about yours

and what social media did mark zuck, i can't remember with mark zuckerberg or reid hoffman the founder of linkedin. who said this but we're trying to make it so you never have to be alone. okay, you never have to be lonely and yet loneliness is increased lonely. that's a very good that you're exactly right people realize, you know, all this facebook stuff. it actually doesn't make people feel that much better at least not in a long term, but the being alone is one of the things that helps you. to ponder the bigger things right to get out of current current social events to get away from the distraction and the diversions. and think about you know, put away childish things. and and think about what is serious? what is what is eternal what is universal? what are the profundities? of life and sometimes you got to get off by yourself in order to do that. now the problem is loneliness can be absolutely debilitating. for a 16 year old now i was terribly lonely when i was young. it's awful. to be lonely and being alone can put you in a desperate. condition and wouldn't want to escape into con