HomeNewsTrendsBillionaire Ray Dalio once found urine on the office bathroom floor. What he did next

Billionaire Ray Dalio once found urine on the office bathroom floor. What he did next

Ray Dalio emailed his entire 1,000-staff workforce, exclaiming, 'There's piss on the floor.'

November 09, 2023 / 13:15 IST
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Ray Dalio is a 74-year-old billionaire and founder of Bridgewater Associates.
Ray Dalio is a 74-year-old billionaire and founder of Bridgewater Associates.

A new book has exposed the extreme lengths to which hedge fund titan Ray Dalio went in his pursuit of "radical transparency" at his firm after he discovered urine on the floor of the men’s loo at Bridgewater Associates. According to the book, titled "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend," Dalio became so enraged by a puddle of urine on the bathroom floor that he initiated a full-blown investigation, known internally as the "piss case."

During a fateful day at Bridgewater's Westport, Connecticut office, the 74-year-old billionaire, apparently encountered an unusual and unsanitary situation. He noticed urine on the floor in front of a urinal, a sight that he found "inconceivable that it could be an accident."

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Seizing this moment, Dalio implemented his radical transparency philosophy. He promptly emailed the entire 1,000-staff workforce, exclaiming, "There's piss on the floor."

He declared, "If people can't aim their f–king pee, they can't work here." He then proceeded to implement a series of drastic measures to identify the culprit, including assigning staff members to guard the bathroom and making notes of who entered and exited, as well as the state of the floors before and after each visit.