Business, Company Culture, Entrepreneurship, Hedge Funds

Billionaire will fire employees for not challenging the status quo…

What would happen if you wrote an email like this to your boss:

Ray — you deserve a “D-” for your performance today … you rambled for 50 minutes … It was obvious to all of us that you did not prepare at all because there is no way you could have and been that disorganized at the outset if you had prepared … today was really bad … we can’t let this happen again.

Good things probably wouldn’t come your way. That is, unless your boss is Ray Dalio.

Founder of Bridgewater Associates, the world’s biggest hedge fund, the self-made billionaire is changing the way his employees think. Rather than saying what they think he wants to hear, he’s challenging his employees to think for themselves and challenge the status quo when necessary.

Not only that, but “they can be fired for failing to challenge the status quo,” notes Wharton professor Adam Grant, author of Originals: How Non-Conformists Move the World.

Dalio insists that the culture of truth and openness he’s created at Bridgewater is central to the firm’s success.

“Our greatest power is that we know that we don’t know and we are open to being wrong and learning.” says Dalio.

Kathleen Elkins of CNBC has the full story.