# Prof. Jonathan Haidt on the philanthropy of financiers

1 Faculty News February 11, 2014 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://dealbook.nytimes.com/2014/02/11/finance-magnates-among-top-donors-in-2013/) -- “'These people have an incredible problem-solving focus,' said [Jonathan Haidt](http://www.stern.nyu.edu/faculty/bio/jonathan-haidt), a professor of business ethics at the New York University Stern School of Business. Mr. Haidt pointed out why private equity specifically might fit this mold. 'Private equity is all about coming in, finding the inefficiencies, ripping them out, putting in better procedures and making the thing more valuable.'”

[Read more](http://dealbook.nytimes.com/2014/02/11/finance-magnates-among-top-donors-in-2013/)