Ray Dalio had a 10-year succession plan for Bridgewater Associates LP, the hedge fund he built. It’s year 10. He’s still in charge.

The billionaire has tried single, double and a triad of chief executives. He officially named a young heir apparent and then demoted him after a power struggle. At one point, he named a former Apple Inc. executive as co-CEO only to remove him less than a year later.


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