One billionaire founder will fire people because they do not tell him what he is doing wrong. Ray Dalio is the name of the man who will do this. He has been called the Steve Jobs of investing and he seems like a regular guy because he wants to be treated like everyone else. He feels that getting criticized is important.
Key Takeaways:
- Self-made billionaire Ray Dalio is the founder and co-Chief Investment Officer of the world’s largest hedge fund, Bridgewater Associates, which manages about $150 billion.
- “Although he has been called ‘the Steve Jobs of investing,’ employees don’t communicate with him as if he’s anyone special,” writes bestselling author and Wharton professor Adam Grant in “Originals.”
- Ultimately, Dalio wants employees who will think for themselves and challenge standards when necessary. “Don’t let ‘loyalty’ stand in the way of truth and openness,” the billionaire writes in Bridgewater’s principles.
“But at Bridgewater, employees are expected to critique each other and are evaluated on whether they speak up.”
http://www.ceo.com/strategy/why-one-billionaire-founder-will-fire-employees-for-not-criticizing-him/
