New York Times: “In the end, Mr. Dalio, with an estimated net worth of $19 billion, agreed to surrender his control over all key decisions at Bridgewater only if the firm agreed to give him what could amount to billions of dollars in regular payouts over the coming years through a special class of stock.”
“These secret arrangements were described by a half dozen current and former Bridgewater employees who said they risked angering Mr. Dalio and could be sued by the firm if they spoke publicly. At an internal meeting last year 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.”
