(FORTUNE Magazine) – The former CEO of General Electric surprised the business world earlier this month when he took a part-time one-year contract at LBO shop Clayton Dubilier & Rice. He will be making a handful of new commitments soon. Here's what the experts say Welch, 65, should do. --Julia Boorstin

"He should start something novel...taking on a major issue--poverty, AIDS, terrorism--whatever is important to him." JEFF CHRISTIAN Christian & Timbers

"I think it's the best thing he could have done. After being CEO of GE, everything is a step down." PETER CRIST Korn/Ferry International

"A whole part of him will be really underutilized at Clayton. I'd like to see him do something in public policy, maybe lead one part of the Office of Management and Budget." DEE SODER CEO Perspective Group