Ray Dalio and billionaire F1 boss Toto Wolff traded tips on how to get the best out of staff using 'tough love'

What happened: At the Milken Institute Asia Summit in Singapore, Bridgewater founder Ray Dalio and Mercedes F1 CEO Toto Wolff discussed managing staff, agreeing leaders should pair high standards with genuine care, which Dalio called "tough love." Key numbers: Mercedes' run of eight straight constructors' championships ended; Wolff offered a senior technical Why it matters: Wolff said he had to change his approach after the executive considered leaving over pressure, and both argued pay alone does not motivate workers, with Dalio saying community is the greatest determinant of happiness.

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