"I have a 41-year track record of investing excellence," Bill Gross (BOND) told Mohamed El-Erian last summer according to 2 witnesses, reports the WSJ of the events leading to El-Erian's upcoming departure from Pimco. "What do you have." "I'm tired of cleaning up your s---," responded El-Erian.
The article depicts Gross, a naval officer in the Vietnam War, as something of a martinet - not liking employees speaking with him or making eye contact, especially in the morning, preferring silence on the trading floor, and not appreciating dissent once he's made up his mind about an investment.
"If only Mohamed would let me, I could run all the $2 trillion myself…I'm Secretariat" said Gross last year in front of a group of traders. "Why would you bet on anyone other than Secretariat?"
"There is no way for Gross to recover from this article. He knows it too," writes Felix Salmon, calling the piece a "fatal blow to the career of the greatest bond investor of all-time."