Many employees fear criticizing their peers and managers to their face — but at Bridgewater Associates, the world’s largest hedge fund, you could get fired if you don’t.
Bridgewater, run by the billionaire Ray Dalio, has a well-documented culture of “radical transparency,” where employees routinely judge one another’s performance. The corporate culture isn’t for the faint of heart — Dalio says about 30% of new employees leave the firm within 18 months.
Dalio even says the hedge fund, in Westport, Connecticut, has a reputation for being the “intellectual Navy SEALs” for its approach to pushing employees.
While Dalio says he avoids lengthy interviews and bringing cameras into his company, the CBS’s “60 Minutes” journalist Bill Whitaker recently got an exclusive view of Bridgewater’s day-to-day operations.
Source: Business Insider