Gross Says Pimco Fired Him After Offer to Scale Back Role
Bill Gross ran the world’s biggest bond fund at Pacific Investment Management Co., the $1.87 trillion firm he co-founded in 1971, before he abruptly departed for Denver-based Janus on Sept. 26. Photographer: Tim Boyle/Bloomberg
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Bill Gross said he was fired from Pacific Investment Management Co., the first time he’s publicly confirmed that he was dismissed from the firm he co-founded in 1971.
Gross, speaking in an interview with Bloomberg View’s Barry Ritholtz, said he offered to step down from the executive committee and compensation committee and oversee closed-end funds after differences with management over his personality and the firm’s business direction. The full interview airs on Bloomberg Radio on Jan. 17 at 10 a.m. in New York.