This practice has both cultural and legal benefits
Bridgewater Associates, the hedge fund giant founded by Ray Dalio, has always stood out on Wall Street for its adherence to a culture of 'radical transparency.'
The New York Times reports that means more than just being honest with colleagues. It also involves tape-recording employees’ conversations and playing them back for the employees to review.
While disconcerting to some, this practice has both cultural and legal benefits, Dalio said at the DealBook conference in Manhattan on Thursday.
'You can’t talk behind anybody’s back,' Dalio said. 'You know that there’s real honesty.'
Hit the link below to access the complete New York Times article:
Bridgewater’s Ray Dalio Says Taping Employees Has Legal Benefits
Some Accused of Insider Trading May Rethink Their Guilty Pleas