DIRS.INFO The most relevant business & tech news

☆ Bridgewater rigged its famous 'believability weighting' system after founder Ray Dalio complained that some employees scored higher than him, book says
▼ + stars: | 2023-11-09 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Bridgewater rigged its "believability weighting" system to keep founder Ray Dalio on top, a new book says. That's according to "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend," out Tuesday from New York Times finance reporter Rob Copeland. Bridgewater's believability weighting system, in theory, was supposed to help determine how much weight a person's opinion carried and to help identify hidden talent within the firm. Bridgewater started experimenting with Dalio's believability weighting system with a prototype allowing staff to see each others' scores on a scale of 1-to-10, but Dalio wasn't pleased, the book said. In response to a request for comment from Insider on the book's assertions regarding the believability rating system, Bridgewater provided excerpts of letters that its lawyers sent to the book's publisher, St. Martin's Press.

Persons: Bridgewater, Ray Dalio, outranked, Dalio, —, Rob Copeland, Dalio wasn't, He'd, Copeland Organizations: Service, Bridgewater Associates, New York Times, —, Bridgewater, New, Martin's Press Locations: Bridgewater

☆ Bridgewater spent $1 million renovating a 45-foot 'Rockstar Bus' to shuttle employees between the office, bars, and casinos, book says
▼ + stars: | 2023-11-08 | by ( Pete Syme | Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Ray Dalio's Bridgewater spent nearly $1 million turning a coach bus into an employee limo, a new book says. In a statement, Bridgewater said the book's claims about the bus were "untrue or misleading." AdvertisementAdvertisementBridgewater Associates spent $1 million turning a coach bus into a limousine to shuttle employees around to after-work entertainment, according to a new book about Ray Dalio and his hedge fund. AdvertisementAdvertisementThe bus, internally called the "Rockstar Bus," transported employees from Bridgewater's Connecticut headquarters to bars, restaurants, and casinos, according to Copeland's book. AdvertisementAdvertisement"Four of the buses are standard coach commuter buses, and one of the buses was upfitted as a limousine bus.

Persons: Ray Dalio's Bridgewater, Rob Copeland's, Bridgewater, —, Ray Dalio, Rob Copeland, Bridgewater's, Dalio Organizations: Bridgewater, Service, Bridgewater Associates, New York Times, Martin's Press Locations: Bridgewater, Bridgewater's Connecticut, Bridgewater's, New York City, Bridgewater's Westport

☆ Paranoid Bridgewater employees ventured into the woods to take some calls — until a rumor spread that the company was looking into installing listening devices in the trees, a new book says
▼ + stars: | 2023-11-07 | by ( Grace Dean | Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Some staff at Bridgewater Associates took personal calls in the woods so their employer couldn't listen in, a new book says. This stopped when a rumor claimed the firm might install devices in the trees, per "The Fund." AdvertisementAdvertisementSome employees at Ray Dalio's investment-management firm Bridgewater Associates took non-work calls in the woods near their offices because they were worried about their employer listening in, according to a new book. This practice stopped, though, when a rumor claimed that the firm was looking into installing devices in the trees that could intercept calls, per the book. AdvertisementAdvertisementIt added that the company "did not investigate installing 'devices in the trees.'"

Persons: Rob Copeland's, —, Ray, Rob Copeland, Ray Dalio, James Comey, printout, printouts, Bridgewater, Dalio Organizations: Bridgewater Associates, Service, New York Times, FBI, Staff, Bridgewater, St Martin's Press Locations: Bridgewater, New, keystroke

☆ Ray Dalio once interrogated his pregnant protégé in front of his top execs until she cried
▼ + stars: | 2023-11-06 | by ( Rob Copeland | ) www.businessinsider.com time to read: +11 min

She was one of Ray Dalio's favorites. Dalio announced to the room that he would first "probe" and then deliver what he called a "diagnosis." The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. Excerpted from THE FUND: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. He then became an investigative reporter at a prominent newspaper and made a career of writing distorted stories about Bridgewater and Ray Dalio, at first in articles and now in this book.

Persons: Ray Dalio's, Katina Stefanova, mentee, Dalio, Stefanova, wasn't, lackeys, Bridgewater, hadn't, Who, Dalio's leveragers, Ray Dalio, Rob Copeland, Ray, Dustin Hoffman's Oscar Organizations: Bridgewater Associates, Bridgewater, Transparency, Martin's, Martin's Publishing, New York Times, Wall Street Journal Locations: Bridgewater, Bridgewater's Westport, Conn, St

☆ Ray Dalio Interrogated His Pregnant Employee Until She Cried: Book
▼ + stars: | 2023-11-06 | by ( Rob Copeland | ) www.businessinsider.com time to read: +11 min

She was one of Ray Dalio's favorites. The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. Excerpted from THE FUND: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. A spokesperson for Ray Dalio told Insider, "This book is just another one of those classic tabloid books, authored by someone who applied for a job at Bridgewater and was rejected more than a decade ago. He then became an investigative reporter at a prominent newspaper and made a career of writing distorted stories about Bridgewater and Ray Dalio, at first in articles and now in this book.

NEW YORK (AP) — MSNBC host Ali Velshi is drawing upon the personal past for an upcoming book about democracy. St. Martin's Press announced Wednesday that “Small Acts of Courage: A Legacy of Endurance and the Fight for Democracy” will be published May 7, 2024. “In ‘Small Acts of Courage,’ Velshi taps into 125 years of family history to advocate for social justice as a living, breathing experience — a way of life more than an ideology.”Velshi's previous books include “How to Speak Money." He also edited the recently released “The Trump Indictments,” which documents the criminal counts against the former president. This material may not be published, broadcast, rewritten or redistributed.

Persons: Ali Velshi, Mahatma Gandhi, Velshi’s, Martin's, ’, ” Organizations: MSNBC, Martin's Press, Democracy, Trump, Associated Press Locations: South Africa, Kenya, Canada, United States, St

☆ 'It's huge, beyond anything in my career': Publishing industry insiders explain how TikTok has sent book sales surging and how they're trying to tap into the BookTook phenomenon
▼ + stars: | 2022-03-01 | by ( Marta Biino | ) www.businessinsider.com time to read: +8 min

In 2020 and 2021, book sales surged, reaching a near 20-year peak, according to industry data. 2021 sales of Hoover's books were up 650% over 2020 sales, with 1.9 million copies sold, according to data from NPD BookScan, the largest book sales tracker in the US. Since mid-2020, TikTok has been the driving force of an unprecedented surge in book sales, industry insiders say. The strategy of marketers has always been to push and advertise newer books, industry experts said, and those usually sell better. Then, around Halloween 2021, sales rose steadily to about 2,000 copies a week.

Search resuls for: "Martin's Press"

7 mentions found