Bridgewater Spars With Ex-CEO in Gender Discrimination Dispute
- Eileen Murray’s exit package said to be less than men received
- Ray Dalio’s hedge fund prides itself on diversity, inclusion
Bridgewater Associates and former co-Chief Executive Officer Eileen Murray are still negotiating an exit package three months after she left the world’s biggest hedge fund -- a fight that has dragged on because Bridgewater’s offer is both less than what has been paid to men who left the firm and below the status of her position, one of Murray’s advisers said.
When Murray, 62, departed in April she was the lone woman among the top four non-investment executives at the firm, and the longest tenured other than founder Ray Dalio. Her adviser, who asked not to be named because of the sensitivity of the situation, said this was the third time since 2017 that Bridgewater offered her compensation that was lower than male colleagues at comparable levels. The adviser declined to provide further details on the departure package.