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Wall Street's Gossip Mongers Can Be Fired

by Tanya Thomas on July 6, 2010 at 11:04 AM
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 Wall Street's Gossip Mongers Can Be Fired

One of Wall Street's most feared traders has denied his employees the joys of gossip-bandying at the office. Unnecessary chitchat, they're warned, will cost them their jobs.

Billionaire Ray Dalio, has said that employees who gossip about co-workers will be fired for behaving like 'slimy weasels.'


Founder of Bridgewater Associates, Dalio's list of rules for his one thousand employees was leaked on the Internet.

He had declared that any staff members who were overheard gossiping maliciously about a colleague three times would be fired, according to the Australian.

"Never say anything about a person you wouldn't say to him directly," News.com.au quoted Dalio as writing in the document, called 'Dalio rules'.

"If you do, you are a slimy weasel," he added.

The rules are useful for both the parties-while the company meetings are stored in a transparency library so that staff can find out what their managers are saying about them, bosses also can hear any nasty nicknames they have acquired.

Dalio said that his workers loved his anti-gossip rules, which, according to him, promoted honesty within the workplace.

Source: ANI
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