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Pimco divorce appears to be getting messy

  • Bill Gross has accused departing Pimco (BOND) CEO Mohamed El-Erian of "trying to undermine" him, telling Reuters that he has evidence that El-Erian "wrote" a recent WSJ article that described the breakdown in the men's relationship and didn't portray Gross in a particularly flattering light.
  • When asked what the evidence was, Gross replied: "You're on his side. Great, he's got you, too, wrapped around his charming right finger."
  • Gross also indicated that he has monitored El-Erian's phone calls.
  • A Pimco spokesman later denied that Gross made the comments that Reuters attributes to him, while the WSJ hotly refuted that El-Erian "wrote" the article.
  • Pimco's parent company is Allianz (AZSEY).
  • Previous
Comments (18)
  • bbro
    , contributor
    Comments (9299) | Send Message
    Moving along....
    7 Mar, 05:26 AM Reply Like
  • rjj1960
    , contributor
    Comments (1357) | Send Message
    Bill Gross should be a host on CNBC, he is on the show at least 3 times a week.
    7 Mar, 05:58 AM Reply Like
  • Holthusen
    , contributor
    Comments (598) | Send Message
    With all the money they've accumulated, you'd think they'd just move on with their respective lives.
    7 Mar, 06:50 AM Reply Like
  • Petrarch
    , contributor
    Comments (625) | Send Message
    truly idiotic
    7 Mar, 06:36 AM Reply Like
  • xcheck2
    , contributor
    Comments (13) | Send Message
    kind of fun watching 2 billionaires catfight in public eh???
    7 Mar, 06:57 AM Reply Like
  • Thanos Maroglou
    , contributor
    Comments (30) | Send Message
    Huge egos at play...
    7 Mar, 07:12 AM Reply Like
  • Michael Nau
    , contributor
    Comments (972) | Send Message
    Gross got what he wanted, he's still the boss. He should be the bigger man and say only good things about his former employee. If he slings mud too, everyone will get dirty.
    7 Mar, 07:50 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (17736) | Send Message
    He seems to be displaying "issues" ...
    7 Mar, 08:00 AM Reply Like
  • Energysystems
    , contributor
    Comments (943) | Send Message
    Paulo...or should I call you Mohamed?!?! Spot on lol
    7 Mar, 09:14 AM Reply Like
  • NYer1
    , contributor
    Comments (618) | Send Message
    Major issues Paulo.
    Being occupied with this departure to such extent will have a detrimental effect on his time dedicated to managing his funds and also puts into perspective the huge risk Pimco and Allianz are running by continuing to let him have free rein.
    Ego has been known to topple many successful managers all through history and like any manager, leader, CEO who is at the helm for over 10 years, one can easily feel like "Caesar" - no one can or should question his judgement or decisions (after all he has a 41 year rack record...)
    7 Mar, 09:23 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (17736) | Send Message
    He's Secretariat. No one bets against Secretariat. Unless one is betting against someone who's thinking he's a horse, that is.


    Anyway, it would seem that sometime in the not so distant future this will probably have further developments. It seems likely that the Pimco restructuring is not done yet.
    7 Mar, 09:28 AM Reply Like
  • User 6961371
    , contributor
    Comments (2) | Send Message
    So, Mohammed has Paulo rapped around his finger,t oo!
    7 Mar, 10:13 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (17736) | Send Message
    I actually think Bill Gross is awesome. But it seems there's something wrong at this point.
    7 Mar, 10:22 AM Reply Like
  • NYer1
    , contributor
    Comments (618) | Send Message
    I think Bill Gross USED to be awesome.
    I believe he has been letting his ego distract him and is making riskier and riskier bets along his funds in order to try and keep up with the historical track record.
    If the bleeding from his funds continues it would force Allianz hand in some way to retire Secreteriat to pasture.
    7 Mar, 10:37 AM Reply Like
  • PSalerno
    , contributor
    Comments (3626) | Send Message
    Bill Gross thinks to be the best, but reality is quite different. He was totally wrong 1 year ago calling the stock market overvalued while his opponent Jeremy Seagle was correct.
    7 Mar, 08:32 AM Reply Like
  • I'm Howard
    , contributor
    Comments (84) | Send Message
    Mohammad comes across like a gentleman,I enjoy his comments and his financial acumen is better than his sports choices.
    Gross will be proved right,eventually,the US market is overpriced and over due for a good correction.
    Only trees grow straight up and I am 25% cash waiting for the opportunity.
    7 Mar, 09:23 AM Reply Like
  • PSalerno
    , contributor
    Comments (3626) | Send Message
    Gross was wrong at least in timing his call.
    The SPX is up about 45% since his declaration, so to be wrong in timing, but correct in the bottom line the SPX should give back all that 45% and then some, and stay there for some time.
    7 Mar, 10:26 AM Reply Like
  • NYer1
    , contributor
    Comments (618) | Send Message
    One more voice of dissent, this time from within Pimco's board of Trustees for the Total return Bond fund :
    See the link to an article today in the Financial Times of London:

    11 Mar, 04:54 PM Reply Like
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