Posts tagged The New York Times
New Goldman Sachs Fund Will Track Paul Tudor Jones’s Feel-Good Companies

The spiritual guru Deepak Chopra had just finished teaching a class about ethics in business at Columbia Business School when he called the billionaire investor Paul Tudor Jones II in the fall of 2012. “‘Listen, one of my students has got a really good idea,’” Mr. Jones said Mr. Chopra had told him. The student had posed two questions: “Why can’t companies be an instrument for goodness? Why can’t companies focus their capital — human and financial — on being a change agent for societal betterment, a change agent for justness?”

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BlackRock’s Message: Contribute to Society, or Risk Losing Our Support

The chief executives of the world’s largest public companies recently received a letter from one of the most influential investors in the world. And what it says is likely to cause a firestorm in the corner offices of companies everywhere and a debate over social responsibility that stretches from Wall Street to Washington. Laurence D. Fink, founder and chief executive of the investment firm BlackRock, is going to inform business leaders that their companies need to do more than make profits — they need to contribute to society as well if they want to receive the support of BlackRock.

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