Paul Tudor Jones distances himself from Harvey Weinstein


Paul Tudor Jones, a billionaire hedge fund supervisor who had thrown his assist behind Harvey Weinstein, wrote a notice to workers of Tudor Funding on Wednesday attempting to distance himself from the disgraced Hollywood mogul.

The notice comes after a New York Times report detailing Tudor Jones’ communications with Weinstein in October simply as stunning sexual abuse accusations had been popping out into the open. Tudor Jones, a former member of the board of Weinstein’s manufacturing firm, instructed him an an October e mail that “this may go away ahead of you assume and will probably be forgotten,” the Instances reported Tuesday.

“Give attention to the longer term as America loves an awesome comeback story,” Tudor Jones is reported to have written to Weinstein.

Within the memo to workers on Wednesday, Tudor Jones requested them to grasp the context through which he knew Weinstein, citing charitable occasions staged on behalf of households affected by the Sept. 11, 2001, terror assaults and the 2012 harm from Superstorm Sandy.

“I deeply imagine in redemption, however what I do know now’s that Harvey was a buddy I believed too lengthy and defended too lengthy,” Tudor Jones wrote. “Maybe in your personal life you may have confronted an identical dilemma — the way to react to a buddy who’s revealed to be somebody apart from the particular person you believed her or him to be.”

Right here is the textual content of the memo:

“I do know that a lot of you may have seen the newest reporting on Harvey Weinstein that features statements attributed to me. Please perceive the context through which I knew Harvey— because the particular person whose Live performance for New York Metropolis helped so many 9/11 victims and whose 12/12/12 live performance then helped so many victims of Superstorm Sandy.

Please additionally perceive that I first discovered in regards to the revelations about Harvey solely as they started to be reported within the media. They had been 100% a shock to me. I joined the Weinstein Firm Board as an unpaid, outdoors member in late 2015, after the inner firm debate about Harvey’s contract renewal. I by no means knew about these discussions or any of the revelations till they started to floor publicly, and I resigned two days later.

Harvey’s actions had been horribly fallacious, and within the wake of those disclosures I instructed him that. I additionally inspired Harvey to get the assistance he actually wanted and to start to alter his life. As a result of a few of the arguments I personally made to Harvey to attempt to be extra just like the particular person so many people thought he was sound excessively encouraging now, I need you to grasp the context through which they had been made.

I deeply imagine in redemption, however what I do know now’s that Harvey was a buddy I believed too lengthy and defended too lengthy. Maybe in your personal life you may have confronted an identical dilemma—the way to react to a buddy who’s revealed to be somebody apart from the particular person you believed her or him to be.

All of you at Tudor ought to know that private and particular person respect for each other and look after one another are qualities I hope to indicate every of you each day. I’ve tried to construct the agency on these easy values and hope that comes by to you right here.”

— CNBC’s Leslie Picker contributed reporting.



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