Pimco School Fight A Gross Disgrace

Fascinating press about the dramas at Pimco this week. All was not well among the senior management team and rumours (and facts) had been circulating since well before the acrimonious departure of Mohamed El-Erian in January this year. It all culminated in the dramatic exit last weekend of Pimco co-founder and king of the bond-markets Bill Gross. Pimco’s CEO sent him off with a farewell slightly short of what you would expect after a 43-year career at one company: “While we are grateful for everything Bill contributed to building our firm and delivering value to Pimco’s clients, over the course...

Fascinating press about the dramas at Pimco this week. All was not well among the senior management team and rumours (and facts) had been circulating since well before the acrimonious departure of Mohamed El-Erian in January this year.

It all culminated in the dramatic exit last weekend of Pimco co-founder and king of the bond-markets Bill Gross. Pimco’s CEO sent him off with a farewell slightly short of what you would expect after a 43-year career at one company:

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