Here's Why The World’s Largest Hedge Fund Hired An Apple Guy As CEO
Bridgewater Associates, the world’s largest hedge fund, just took on Apple veteran Jon Rubinstein as one of its CEOs—because doomsaying founder Ray Dalio thinks he’s a pro at “producing greatness through thoughtful disagreement.”
“Jon worked next to Steve Jobs for 16 years doing that, and he clearly wants to do that with us,” Dalio tells Business Insider.
Bridgewater is known for its culture of “radical transparency,” where all meetings are taped for anyone to look back on. Employees rate each other on apps and criticizing people behind their backs is a fireable offense.
Apple founder Steve Jobs was known for his brutal honesty. Rubinstein worked beside him through the '90s and early 2000s, making him the perfect match—Dalio think—for his “idea meritocracy.” [BI]