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Bridgewater Associates prides itself on open, honest (and usually videotaped) discussion, in which those with a right to an opinion can freely express themselves to one another, and then endure savage criticism of what they’ve said. It doesn’t always live up to that high standard, but now, thanks to it—and also probably some combination of the strength of the firm’s case and its interest in avoiding further bad publicity and additional bad blood at one of its regulators—Ray Dalio & co. have one fewer gender-based pay-discrimination claim looming over them.

Ms. Murray on Monday said in a statement, “After thoughtful discussions with Bridgewater, we have arrived at an amicable and fair agreement regarding my departure from the company….”

Bridgewater said, “We are pleased that we were able to amicably and fairly resolve the discussions around Eileen’s post-employment benefits. We have a tremendous amount of respect for Eileen and the many contributions she made to Bridgewater.”

Terms, of course, were not disclosed, but you’d undoubtedly expect that slight deviation from the professed commitment to radical transparency, given that Murray’s not-particularly-radical transparency in telling her new employer of the tiff with her old one was the genesis of the dispute in the first place. Still, all is well once again in the magical forests of Westport. Well, not all, exactly, but, you know, baby steps.

Former Bridgewater Co-CEO Eileen Murray Settles Pay Dispute With Hedge Fund [WSJ]


Ray Dalio (Getty Images)

Bridgewater Questioning Whether Ex-Co-CEO Ever Actually Read ‘Principles,’ Let Alone Her Employment Agreement

It’s going to have to check and recheck its machine to see how someone so unPrincipled suck through.

Coming soon to a Bridgewater office near you.

Famed Liar, Do-As-I-Say-Not-As-I-Do Proponent Of Radical Transparency Head To Court

When others violate Principles, it should cost them $100 million, according to Bridgewater.


Ray Dalio Would Like More Control Over Media Reports About His Control Over Bridgewater

Radical transparency requires the Svengali-philosopher king to run around shouting “Fake news!”

Ray Dalio (Getty Images)

Bridgewater Didn’t Try Very Hard To Prove Ex-Employees Stole Its Secrets

The lazy arrogance of the hedge fund’s effort to destroy them is pretty stark.

Getty Images

Radical Transparency Means Never Trusting What Your Administrator Says

Bridgewater hires an evaluator for its evaluator because Bridgewater does not f@$% around, you guys.