Ray Dalio had a 10-year succession plan for Bridgewater Associates LP, the hedge fund he built. 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 replace him less than a year later.

Source: Wall Street Journal January 31, 2020 21:11 UTC