Nightly News   |  May 24, 2013

Paul Tudor Jones’ remarks on motherhood draw criticism

Hedge fund billionaire and philanthropist Paul Tudor Jones has since apologized for his recent remark that women who work as Wall Street traders become “overwhelmed” by the “beautiful experience” of having children and lose focus. NBC’s Andrea Mitchell reports.

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>>> controversial comments made by one of the wealthiest men in the world who is also a high profile philanthropist. there is no doubt paul tudor jones is among the most savvy of investors but what he said about working moms on wall street elicited a backlash.

>> reporter: it's the sound bite reverberating from college campuses to wall street . this self-made hedge fund billionaire said women aren't equipped for the elite crowd of macro traders if they are mothers calling a child a focus killer.

>> they both had children. as soon as that baby's lips touched that girl's busom, forget it. every single investment idea. every desire to understand, every desire to understand what's going to make this go up or down is going to be overwhelmed by the most beautiful experience which a man will never share.

>> reporter: it was the talk of cable news from " morning joe " to cnbc.

>> except this happens to be about having babies for women .

>> give me a break. fathers love their children, worry about their children, think about their children just as much as mothers.

>> reporter: he helped the robin hood foundation raise $80 million to fight poverty last week apologized today saying he's talking about macro traders. fewer than 1,000 global traders in highly specialized financial instruments who are on call 24/7 and require a high degree of skill, and reputation. that didn't cut it.

>> he talked about the mother bond experience men cannot feel. made me wonder if he doesn't know what it feels like how does he know it knocks women off their game.

>> reporter: more women are graduating from business schools but few are high stakes traders. part of the conversation about the glass ceiling on wall street . women are only 4% of the ceos in the top 500 companies. is it because of mother hood? marissa mayer took over at aat at yahoo.

>> reporter: it's not like women aren't debating work life balance .

>> lean in.

>> reporter: hedge funds run by women outperform those run by men. andrea mitchell , nbc news, washington.