There is no issue here. This is simply a story of the transfer of ownership between a company's founder to employees. The framing is incredibly weird, I hate it

There is no issue here. This is simply a story of the transfer of ownership between a company's founder to employees. The framing is incredibly weird, I hate it. The article could simply be rewritten as (not GPT3): - Ray started to sell the ownership of Bridgewater in the mid 2010s, but retained a controlling interest in the company. - He financed the buyout of his shares, providing liquidity to employees. - There were struggles finding leadership that could competently carrying the fund forward. - Current leadership has a vision of how the fund should operate going forward, and that vision conflicts with some of Ray's stated principles. - As a result, leadership wants to buy him out entirely, but probably do not have the funds to do so. As a result, Ray is converting his ownership into non-voting preferred stock, conferring him dividend until the sooner of Bridgewater or Dalio's death. All I can say is finally. The early stories of Bridgewater (pre 250 employees) from former employees with whom I have talked make Bridgewater seem like a truly special place to have worked at. Ray facilitated meetings across the org in a very personal, constructive way. Then AUM ballooned and they went to 2,000+ employees in a snap. Then they brought in consultants like IBM to scale their intimate management style and the last vestige of magic dissolved. The fund was a zombie asset aggregator for a good 5-7 years. We'll see how it goes going forward.