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PTJ: Inequality Is “Causing huge tears in our society “

By VWArticles. Originally published at ValueWalk.

Paul Tudor Jones talking at JUST Capital PTJ starts at around 6:05 into the video and ends at around 13 minutes in


Published on Dec 15, 2017


December 12, 2017 Event Program


Official hashtags: #JUST100 and #AmericasMostJUST


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Welcome Martin Whittaker, CEO, JUST Capital

Introductory remarks Paul Tudor Jones II, JUST Capital Co-founder and Chairman

America’s Most JUST Brian Krzanich, CEO, Intel in conversation with Stephanie Ruhle, Anchor, MSNBC and Correspondent, NBC News Reflections the

JUST 100 Randall Lane, Chief Content Officer, Forbes Balancing Competing Priorities from the C-Suite with Rebecca Jarvis, Chief Business, Economics and Technology Correspondent for ABC News.

Panelists include:

Bruce Broussard, CEO, Humana Jay Carney, Senior Vice President, Corporate Affairs, Amazon Andrea Ferrara, Senior Vice President of Human Resources, PepsiCo Mary Snapp, Corporate Vice President and Head of Microsoft Philanthropies

Below is a partial transcript from PTJ

in perspective total philanthropy in the United States is 360 billion and we’re always thinking about well if we can just get the public sector to match I know it it Robin Hood we’re thinking if we can get this city to match us well the public sectors for train so that’s a pretty big elephant


but the biggest elephant is the private sector eighteen trillion if we can just move it just a little bit two percent it equals all public philanthropy in a year so we’re gonna hopefully change the dialogue and start talking about something other than just profits when

you think about the universe the universe when it comes to corporate engagement is you have corporate you have shareholders you have employees


customers communities and the those are the five stakeholders that exist in the world today just so we all know what has happened and the reason

why we had the greatest wealth disparity in the history of this country right now because most of the shareholders today also happened to be the wealthiest people in the world profit margins have gone from 40 years ago 6% to 12% today

labor shares gone from 60% percent of revenue down to 54 percent so we’ve had this massive reallocation of wealth concentrated into a very small number of people and it’s causing huge tears in


our society and what this is going to do is hopefully begin the dialogue to find an equalization something that doesn’t tear our society apart an equalization between shareholders on the one hand and those other four important stakeholders employees customers communities and the environment so that’s what tonight is about

The post PTJ: Inequality Is “Causing huge tears in our society “ appeared first on ValueWalk.

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