Veteran hedge fund manager Paul Tudor Jones came down heavily on the belief that a company’s main goal is to generate profit.
Profit As The Sole Motive Is Toxic
Talking at the “JUST Capital” event held by CNBC on Wednesday, Jones said a narrow focus on profits was detrimental. He explained, “When you just look and say that the only thing that a company has to worry about is making a profit, it gives that company a pass not to pay attention to pay equity, not pay attention to gender equity, not to pay attention to racial equality.”
Jones added, “Not to pay attention to a whole host of social factors that at the end …
Full story available on Benzinga.com