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Tudor Jones Tells CEOs Stop Focusing on Profits Above All Else

  • Today’s companies are creating wealth disparities, Jones says
  • ‘Shareholders have benefited at the expense of labor’
Paul Tudor Jones

Paul Tudor Jones

Photographer: Michael Nagle/Bloomberg
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Paul Tudor Jones says corporate chiefs have gone too far in embracing economist Milton Friedman’s profit-above-all-else ethic and they need to change how they do business.

Corporations have paid too much attention to prioritizing shareholders, said Jones, who’s backing a nonprofit called JUST Capital that will rank companies on how well they treat their employees, consumers, communities and investors. Tudor, who runs the $7 billion hedge fund firm Tudor Investment Corp., spoke Tuesday at the Forbes Under 30 summit in Boston.