Paul Tudor Jones II: Why we need to rethink capitalism
Paul Tudor Jones II - Investor
Paul Jones is founder of Tudor Investment Corporation and an active philanthropist. Full bio
it's afforded me and millions of others.
cotton in particular, in the pits,
free-for-all, this was it,
but acting like gladiators
and physically for a profit.
that by the time I was 30,
world of money management,
as a global macro trader.
a lot of crazy things in the markets,
we might be in the grips
certainly of my career,
manias never end well.
our companies and corporations
so much emphasis on profits,
earnings and share prices,
out of our companies.
conveniently reduce something
can play with like Lego toys --
or their credit score,
that we value our businesses,
underpinnings of our society.
going back 40 years
at a 40-year high of 12.5 percent.
and you're the average American worker,
such a good thing.
CEO-to-Worker Compensation Ratio"]
do not increase societal wealth.
exacerbate income inequality,
of American families
of corporate profits,
for the rest of society.
is not a good thing.
made by The Equality Trust,
to Japan to New Zealand.
is income inequality.
the greater the income inequality.
are nine social and health metrics.
the worse the problems are,
teenage pregnancy, literacy,
who are Americans may wonder,
according to those metrics.
that's easy to make,
the wealthiest and the poorest,
higher taxes, or wars.
in corporate behavior,
operating right now,
a tremendous change in behavior,
that you have a problem.
this profits mania that we're on
how we're harming society.
of exactly how we're doing that:
not revenues, over the last 30 years.
of corporate profit margins,
started writing this, I thought,
what does Tudor do?"
of corporate profits
wanted to throw up.
is so deeply entrenched
don't even realize that we're part of it.
to change corporate behavior
philanthropy or charitable contributions.
we've since quadrupled that,
more just behavior.
here in the first place,
some friends of mine and I
called Just Capital.
fashion by using the public's input
for just corporate behavior.
no widely accepted standard
and that's where Just Capital comes in,
we'll be conducting a nationwide survey
of 20,000 Americans
in corporate behavior.
to start in the United States
anywhere around the globe,
thing for the public
or make healthy products,
and it's not for us to decide.
and faith in the American public
this September for the first time,
largest U.S. companies
and everything in between.
not-for-profit with no bias,
the American public a voice.
that as people come to know
will be driven towards them,
be the most prosperous.
for every major innovation
and wonderful place to live in.
growing wider every day.
of American workers
just like everyone else.
that with increased wealth and profits
corporate social responsibility.
the father of capitalism,
of human society must in a moment
and there was a problem,
sigh and shake her head and say,
for the rest of us to show them mercy.
to show them fairness,
in the businesses that we operate in.
on par with profits,
in all the world.
About the speaker:Paul Tudor Jones II - Investor
Paul Jones is founder of Tudor Investment Corporation and an active philanthropist.
Why you should listen
Paul Tudor Jones II started to work on Wall Street in 1976. "If there was ever a free market free-for-all, this was it," he says. "Men wearing ties but acting like gladiators fought literally and physically for a profit." Jones emerged victorious, and as founder of Tudor Investment Corporation and other companies within the Tudor Group, he engages in trading in the fixed income, equity, currency and commodity markets. Headquartered in Greenwich, Connecticut, Tudor manages some $13.7 billion and employs almost 400 people.
Jones is an active philanthropist, including founding the Robin Hood Foundation and the Excellence Charter School, and he sits on the Boards of Just Capital, National Fish and Wildlife Foundation, Everglades Foundation, and Sonima Foundation. He is also a trustee of NYU's Langone Medical Center.
Paul Tudor Jones II | Speaker | TED.com