General Investing >> Money Manager Interviews >> December 25, 2000

Socially Responsible Investing: Jerome Dodson – Parnassus Investments

JEROME L. DODSON is President of The Parnassus Fund, a mutual fund that invests in companies that practice corporate social responsibility, and President of Parnassus Investments, the Fund's management company. He also serves as President and Portfolio Manager of the Parnassus Income Trust. Before founding The Parnassus Fund in 1985, Mr. Dodson was President of Working Assets Money Fund. From 1976 to 1982, he served as President and Chief Executive Officer of Continental Savings of America where he started the 'Solar T-Bill' program. From 1966 through 1969, he was a Foreign Service Officer with the Department of State, serving with the American Embassy in Vietnam and as the American Consul in David, Panama. Mr. Dodson is a graduate of the University of California at Berkeley and of the Harvard Business School. He is Chairman of the Board of the Haight Ashbury Free Clinics and a former Director of the Social Investment Forum. Mr. Dodson also served on the Board of Project Open Hand, a nonprofit organization that prepares and delivers meals to people with AIDS. He has been active in community affairs and has served on the boards of a number of other nonprofit organizations. In 1992, he received the Entrepreneur of the Year Award from Beta Gamma Sigma (the business school equivalent of Phi Beta Kappa) for his commitment to social responsibility and his entrepreneurial skill in founding three successful financial institutions: Continental Savings of America, Working Assets and The Parnassus Fund. Mr. Dodson has also written and lectured in Europe and Japan on the subject of business and social responsibility. Profile
TWST: What are the implications of the legend of Mt. Parnassus on the

investment philosophy of the firm you head?

Mr. Dodson: The main investment implication of the legend of Mt.

Parnassus has