The Bridgewater succession plan, which has been underway at the home of 'radical truth' for the past seven years took an exciting turn yesterday with news of the consensual demise of the Co-CEO, the 'Podfather' himself, Jon Rubinstein...along with details about the latest changes at the helm of the organisation. For anyone who is confused after reading about these changes, please allow me to explain:
Mr Dalio is stepping down as Co-CEO, to become one of 3 Co-CIOs as well as one of 2 Co-Chairmen…meanwhile installing a replacement as Co-CEO…meaning that the Co will have 2 Cos running the Co, 2 Cos overseeing the Co and 3 Cos running the investment.
The ex-Co-CEO is staying on as a consultant and the ex-CEO of ATP is coming into the Co as part of the ‘Senior Fellowship Programme’. Though he will not be a Co initially, his track record at his last Co suggests that he is earmarked for being a Co at some point.
Anyone who is still confused should speak to Ray.