had a 10-year succession plan for Bridgewater Associates LP, the hedge fund he constructed. It’s yr 10. He’s nonetheless in cost.
The billionaire has tried single, double and a triad of chief executives. He formally named a younger inheritor obvious after which demoted him after an influence wrestle. At one level, he named a former Apple Inc. govt as co-CEO solely to take away him lower than a yr later.
His final association—appointing
as co-CEOs—resulted in December when Ms. Murray introduced her resignation. Her accomplice, Mr. McCormick, had mentioned jobs with the Trump administration.
Mr. Dalio—who’s co-chairman and co-chief funding officer—at age 70 isn’t giving up actual management over the enterprise that helped him amass a $19 billion fortune. His phrase practically all the time wins out in debates at Bridgewater on matters from administration, staffing and investments to compensation, personnel and the knowledge of assembly with an autocratic head of state, say present and former staff.