Copeland and Hope never even walked though Bridgewater speaking to its people, yet they also chose not to speak with these experts. If you are interested in reading a few much more informed assessments of Bridgewater, we suggest that you read ' An Everyone Culture ' by Robert Kegan and Lisa Lahey, ' Originals ' by Adam Grant, and/or ' Learn or Die ' by Edward Hess or read the quotations from these books that are included here. "Copeland asked us about our culture of radical transparency, so we explained the logic behind it. We directed him to Principles, which describes it in depth. We agreed that Bridgewater is a challenging place to work, that the characterization of the firm being like 'an intellectual Navy Seals' is apt, and that it isn't for everyone. We made clear that nobody doubts that our unique culture has worked remarkably well for 40 years, and that no company could produce the results we have without there being deep and meaningful relationships among the people who work there. We tried to explain how the culture works and how it has produced our unique results, and we tried to provide him with facts that substantiated that assertion. For example, in our most recent anonymous annual survey, 89 percent of employees agreed that 'running Bridgewater according to the culture and principles is key to Bridgewater's success' and 94 percent agreed that 'the culture helps my personal evolution.' Similarly, 89 percent of our clients said that they were satisfied or very satisfied with Bridgewater, 95 percent said that 'Bridgewater's investment insights are uniquely valuable,' and 95 percent said that 'Bridgewater's personnel are honest and direct with me, even when we disagree.' "We also explained the logic behind radical transparency in conversations and in the following written statement: 'If you agree that a real idea-meritocracy is an extremely powerful thing, it should not be a great leap for you to see that giving people the right to see things for themselves is better than forcing them to rely on information that is processed for them by others. Radical transparency forces issues to the surfacemost importantly (and most uncomfortably) the problems that people are dealing with and how they're dealing with themand it allows the organization to draw on the talents and insights of all of its members to solve them. Eventually, for people who get used to it, living in a culture of radical transparency is more comfortable than living in the fog of not knowing what's going on. And it is incredibly effective.
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Reuters has not verified these stories and does not vouch for their accuracy. - Donald Trump blasted Toyota Motor Corp for its plan to build a new Mexican plant, just hours after the head of the Japanese auto maker signaled a willingness to work with the new administration. http://on.wsj.com/2ihIF3G - Apple Inc said its App Store generated record revenue of more than $20 billion for developers in 2016, as that business roughly maintained its growth rate even as iPhone sales volumes declined. http://on.wsj.com/2ihMaXF - Struggling retailer Sears Holdings Corp has bought itself some breathing room through maneuvers that include the sale of its Craftsman brand for $900 million and the closure of 150 additional stores as it grapples with a prolonged sales slump and mounting losses. http://on.wsj.com/2ihIWTY - Verizon Communications Inc is unsure whether it will proceed with its $4.83 billion purchase of Yahoo Inc's core business, a top Verizon executive said, weeks after the internet company disclosed a second massive data breach. http://on.wsj.com/2ihCjRK - T-Mobile US Inc plans to eliminate additional fees and taxes on the bills for its new data plan, the latest move by the wireless carrier to differentiate itself from rivals. http://on.wsj.com/2ihxIPy - Fox News tapped veteran journalist and commentator Tucker Carlson to replace Megyn Kelly in one of its most prominent time slots, underscoring that the cable news network has no intention of moving away from its conservative roots. http://on.wsj.com/2ihxuHZ - A U.S. federal judge ruled that drugmakers Sanofi SA and partner Regeneron Pharmaceuticals Inc infringed the patent that rival Amgen Inc holds for its new cholesterol drug. http://on.wsj.com/2ihAHre - Shake Shack Inc's chief financial officer, who successfully led the burger chain through its 2015 initial public offering, plans to leave company in March, according to a regulatory filing. http://on.wsj.com/2ihCA7g - Wal-Mart Stores Inc will resume accepting Visa Inc cards in its Canadian stores in the wake of a dispute over credit-card fee terms, the two companies said Thursday.
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