Transcript
0:00 well we're going to turn now to a comment made by one of the richest men in the world that has so many women seeing red a respected hedge fund billionaire known mostly for his philanthropic work is making headlines this morning for what he said about working moms ABC's Lindsay Janice is here with the latest on their scroll backlash a lot of people talking about this story linding indeed good morning guys we've heard Facebook's Cheryl Sandberg and Yahoo's Marissa Meer weigh
0:24 in on the working mothers debate but these comments from a superstar investor really riled people Paul tutor Jones is a legend on Wall Street a billionaire and a philanthropist but this comment about working moms as soon as that baby's lips touch that girl's bosom forget it has many wondering if he's also a sexist tutor Jones is a father of four and one of the richest men in the US according to Forbes the remarks came after he was
0:54 asked why no women were part of this panel of Titan Traders at the University of Virginia tutor Jones says the lack of great women traitors is because motherhood is a focus killer he explained upheavals like babies in divorce can translate to losing money every single investment idea is going to be overwhelmed by that emotive connection between that mother and that baby the media response was an immediate oh no he didn't
1:25 cosmopolitan.com headline read lame hedge fund Mogul says breastfeed feeding ruins perfectly decent business women well you know I've had two children while I've Been A working woman Jamie Zimmerman is one of the most successful female investors on Wall Street she says None of her staff moms or dads have missed a beat the men that work for me love their kids just as much as the women they're just as connected to them it doesn't affect their work far from
1:52 losing focus an accounting firm found that female hedge fund managers performed three times better than the industry as a whole during 201 12 in a written statement tutor Jones apologized saying gender bias is quote antithetical to who I am my remarks offended and I'm sorry well the investor and philanthropist also said his off-the-cuff comments were about an elite group of macr traders who require a special amount of focus I know you guys want to weigh in don't be shy I'm
2:22 struck by that statistic that says 2012 women did three times better in the hedge funds first mon year look he admitted he apologized for this com was a stupid thing to say he's raised a lot of money does done a lot of good things you know throughout his life and his career my mom held down two or three jobs at one time and raised me so I think we can do it all all yep thanks Lind thanks Lindsay