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Bridgewater - 4 Ray Dalio - 4 Dalio - 4 — - 4 Rob Copeland - 4 Copeland - 3 It's - 1 Shaun Rein - 1
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Service - 4 Bridgewater Associates - 4 New York Times - 4 Bridgewater - 4 LinkedIn - 2 Chinese Communist Party - 1 Beijing - 1 Private - 1

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6 mentions found


☆ China's cooking oil scandal prompts residents to buy oil presses amid food safety concerns
  + stars: | 2024-07-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +3 min
They are turning to making their own oil by buying household oil press machines. a post on social media platform Xiaohongshu, captioning a video of a bottle of cooking oil, showcased locals' worries. China's authorities have launched an investigation into food safety concerns after domestic media revealed that a major state-owned company, Sinograin, had been using tankers that carry fuel to transport cooking oil. Be careful of 'Made in China' food products," Rein told CNBC's "Squawk Box Europe." "Illegal enterprises and relevant responsible persons will be severely punished in accordance with the law and will not be tolerated," China's Commission on Food Safety of the State Council said.
Persons: It's, Shaun Rein, Rein, CNBC's Organizations: Chinese Communist Party, Beijing, Private, Hopefull, Oil Group, Beijing News, China Market Research, Times Finance, Food, State Locations: China, China's Guangxi, Australia, Europe, Hong Kong
☆ 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
☆ An agitated Ray Dalio once ordered an extensive study of urine on the men's room floor at Bridgewater, new book says
  + stars: | 2023-11-07 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +3 min
Ray Dalio once ordered a probe into urine on the men's room floor, a new book says. Bridgewater said Dalio did complain about restroom tidiness, but the book passage is "exaggerated" and "false." In "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend," Copeland wrote that Dalio once excused himself from a meeting to use the restroom and he found pee on the floor. "It was a true circus," Copeland wrote in the book. Bridgewater even brought in new urinals and added stickers as targets, the book said, and later reviewed their exact placement.
Persons: Ray Dalio, Dalio, Bridgewater, —, Rob Copeland, Copeland Organizations: Service, New York Times, Bridgewater Associates, LinkedIn, Bridgewater Locations: Bridgewater
☆ See questions from Bridgewater's 'Principles' test, which probed employees on arrogance and whether their colleagues would steal
  + stars: | 2023-11-07 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +3 min
Take a look at some questions from the exam, published in "The Fund," out Tuesday. Dalio even had a team put together a five-section, closed-book Principles Test that was mandatory for all employees, Copeland wrote. "The Fund" published a handful of questions from the exam. One string of questions asked:"About what percentage of the Bridgewater population would steal if they could get away with it? In 2017, Dalio published his own book chronicling the lessons he learned throughout his career, called "Principles: Life and Work."
Persons: Ray Dalio's Bridgewater, —, Rob Copeland, Ray Dalio, Dalio, Copeland, Bridgewater Organizations: Service, Bridgewater, New York Times, Bridgewater Associates, Investment, LinkedIn Locations: Bridgewater
☆ 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
☆ New Zealand's finance chief denies pandering to voters' cost-of-living concerns
  + stars: | 2023-05-19 | by ( Clement Tan | ) www.cnbc.com   time to read: +2 min
New Zealand's finance minister has denied the country's new budget is aimed at placating voters ahead of the country's next general election in October. Asked if the budget was short-term thinking to spend and worry about inflation and high deficits later, Grant Robertson replied: "On no, we're absolutely doing both of those things at the same time." New Zealand is also not projected to return to surplus until 2025-2026, a year later than previously forecast. The Treasury sees inflation slowing to 3.3% by mid-2024, from the current blistering 6.7% pace. "We very much had in mind to making sure that this budget contributed to inflation coming down."
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