Top CEO likens firm culture to a nudist camp

The Nude Torso Censored

Awkward ?

Ray Dalio, the founder of the hedge fund firm Bridgewater Associates, on Tuesday argued on behalf of his firm’s unusual workplace culture, where meetings and internal debates are recorded.

Speaking at a conference sponsored by The New York Times in Half Moon Bay, Calif., the 67-year-old billionaire likened that culture — which he calls “radical transparency” — to going to a nudist camp for the first time.

“You first walk into a nudist camp and it’s very awkward,” he said at the New Work Summit conference. For people to get beyond that, he said, “there has to be getting over the emotional reaction.”

The culture at Bridgewater, which manages more than $150 billion for large investors like pension funds and sovereign wealth funds, has been the focus of a number of articles in The Times and The Wall Street Journal over the last year.

An article in The Times on Monday detailed interviews with dozens of former Bridgewater employees who described a workplace where the emphasis on challenging others can lead to humiliation, at times reaching the upper echelons of the firm.

Hit the link below to access the complete New York Times article:

Bridgewater’s Culture Is Like a ‘Nudist Camp’ at First: ‘Very Awkward’

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