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> during the heat of the exit negotiations, Mr. Dalio described the hedge fund as his “property rights,” according to one employee, and indicated that he expect

> during the heat of the exit negotiations, Mr. Dalio described the hedge fund as his “property rights,” according to one employee, and indicated that he expected to be compensated accordingly. Bridgewater is a publicly traded company which manages public institutional resources and funds. Why should it continue to pay out to the founder after they've departed? Has Mr. Ray not already received numerous remarkably healthy payouts along the way? I don't understand how this makes any sense, what am I missing? Edit: thank you @jmillikin, super helpful. This makes a tremendous difference. Had not heard of Bridgewater until today. https://www.google.com/search?q=is+Bridgewater+publicly+traded https://www.google.com/search?q=is+Bridgewater+publicly+trad... Card: > Is Bridgewater Associates a public company? > Bridgewater Associates is a public company headquartered in Connecticut with an estimated 1,500 employees. F google, got it dead wrong.

jmillikin 4y ago
> Bridgewater is a publicly traded company No it's not. > Why should it continue to pay out to the founder after they've departed? Because distribution of profits is based on ownership. > Has Mr. Ray not already received numerous remarkably healthy payouts > along the way? One of the benefits of building a cashflow-positive business is that it can return profits that exceed the initial investment.
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andsoitis 4y ago
Even of Bridgewater was a public company, that does not mean it is a public good / owned by society at large / owned by the government. A public company is one that is publicly traded. In other words anyone can buy shares in it which means you become a part owner. You can read more here: https://en.wikipedia.org/wiki/Public_company https://en.wikipedia.org/wiki/Public_company
kennend3 4y ago
> This makes a tremendous difference. Had not heard of Bridgewater until today. If this is the case, why did you feel a need to respond here? You have no clue what you are talking about, but made many wild statements based on "is Bridgewater a public company"? To borrow a bridgewaterism... Everyone is entitled to an opinion, just some are worth a lot less. (meritocracy)
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jmillikin 4y ago

> Bridgewater is a publicly traded company No it's not. > Why should it continue to pay out to the founder after they've departed? Because distribution of profits is based on ownership. > Has Mr. Ray not already received numerous remarkably healthy payouts > along the way? One of the benefits of building a cashflow-positive business is that it can return profits that exceed the initial investment.

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andsoitis 4y ago

Even of Bridgewater was a public company, that does not mean it is a public good / owned by society at large / owned by the government. A public company is one that is publicly traded. In other words anyone can buy shares in it which means you become a part owner. You can read more here: https://en.wikipedia.org/wiki/Public_company https://en.wikipedia.org/wiki/Public_company

kennend3 4y ago

> This makes a tremendous difference. Had not heard of Bridgewater until today. If this is the case, why did you feel a need to respond here? You have no clue what you are talking about, but made many wild statements based on "is Bridgewater a public company"? To borrow a bridgewaterism... Everyone is entitled to an opinion, just some are worth a lot less. (meritocracy)

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