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Final Note

Bill Gross unleashes on Pimco executives

Kai Ryssdal Oct 8, 2015
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Final Note

Bill Gross unleashes on Pimco executives

Kai Ryssdal Oct 8, 2015
HTML EMBED:
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This final note on the way out today, which comes with the caveat that anybody can sue anybody for anything.

There was a lawsuit filed here in California on Thursday that’s, well, a piece of work.

Bill Gross, whom you might have heard referred to in the financial press as the Bond King, started — and for many years — ran the world’s biggest bond fund at Pimco.

He left the company last year under, shall we say, unpleasant circumstances. 

Anyway, he’s sued Thursday for, among other things, breach of contract.

Here’s the opening line of his suit: “Driven by a lust for power, greed, and a desire to improve their own financial position and reputation at the expense of investors and decency, a cabal of Pimco managing directors plotted to drive founder Bill Gross out of Pimco in order to take, without compensation, Gross’s percentage ownership in the profitability of Pimco.” 

Tell us how you really feel, Bill.

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