The co-founder of bond behemoth Pacific Investment Management Co. on Thursday defended its competitive culture, saying in an interview that the trading floor can’t thrive on “sweet talking” alone but that the firm is still a family of sorts…In the interview, Mr. Gross, 69 years old, said he is focused on the Newport Beach, Calif.-based firm’s performance and that no one had raised concerns about his behavior. He said he understands why some employees may perceive him as difficult to work with, but that not everyone feels that way. He is challenging at times, he said, in the interest of running the company well. “It’s like dealing with family—you don’t always produce a productive family by sweet talking and always being inclusive,” Mr. Gross said. “There’s a time for soft love and time for hard love.…I can admit to both.” [WSJ, “Mr. Gross doesn’t like employees speaking with him or making eye contact”]

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Comments (19)

  1. Posted by investorcluzo | February 28, 2014 at 11:36 AM

    "There’s a time for soft love and time for hard love.…I can admit to both"

    Sounds like he's been taking pages from Gundlach's playbook.

  2. Posted by Blow Me | February 28, 2014 at 12:06 PM

    I can see people dancing around singing "Thank you very much" when he dies a la Alber Finney's 'Scrooge'. We're all here to make a buck, surprise surpise. Anyone who thinks they can't be replaced though, they're fooling themselves….including Gross.

    "Don't make eye contact with me you whore"

  3. Posted by Quant me maybe ... | February 28, 2014 at 12:39 PM

    Wearing an untied tie is like being a bisexual. You need to pick a side of the fence and get on it or you just confuse the fuck out of everyone around you.

    >Let the PC thumbs down fly, bitches.

  4. Posted by Guest | February 28, 2014 at 12:40 PM

    "Productive family"

    You know, the kids may think they hate it now, but years down the road, they'll look back at the annual performance reviews and the big chart on the kitchen wall showing the children ranked by sales volume, and they'll miss the good times.

  5. Posted by Guest | February 28, 2014 at 12:48 PM

    "but that the firm is still a family of sorts"

    Sounds just like my family environment growing up.

    – Will Hunting

  6. Posted by SlowCal | February 28, 2014 at 12:55 PM

    Living in the OC breeds the crazy

  7. Posted by Guest | February 28, 2014 at 12:59 PM

    I tried to give hard and soft love but my exemployee is still suing.

  8. Posted by PC Police | February 28, 2014 at 1:10 PM

    Unfortunately there is no discrimination policy in a family or HR department either.

  9. Posted by Da Gooch | February 28, 2014 at 1:19 PM

    Considering his hard ass public persona, he's either a jerkoff or a closet fag. Not sure why anyone would have a problem with this.


  10. Posted by Guest | February 28, 2014 at 1:20 PM

    so the way to produce a productive family is to speak disparagingly and exclude.

  11. Posted by guest | February 28, 2014 at 1:23 PM

    we tried that on shazza and it doesn't work; witness monday OB time.

  12. Posted by guest | February 28, 2014 at 1:32 PM

    Ohhhh, Pimco wheeling out the new anti-Mohamed now…
    Pimco: The man who replaced Mohamed

  13. Posted by BodyLanguageCop | February 28, 2014 at 1:53 PM

    the eyes say soft love but the hands say hard love.

  14. Posted by Montrachet time | February 28, 2014 at 1:56 PM

    I'll do that after the close on an exhausting day or particularly good P&L maybe 3 times a year. ( you can do it right unlike this, and you don't have to carry the tie )

    I've never seen it done by anyone over 42 though.

    But hey I don't have 2 bil.

  15. Posted by Jimmy Mac | February 28, 2014 at 1:58 PM

    your gonna get dem queda boys after yur ass with headlines like that

  16. Posted by Bored Guest | February 28, 2014 at 2:15 PM

    Keep your hard love away from me, you Skeletor-freak.

  17. Posted by DiscoDuck | February 28, 2014 at 2:19 PM

    I disagree. Those are hard love eyes ala some one just took a popper

  18. Posted by guest | February 28, 2014 at 3:25 PM

    the hair says I don't own a mirror.

  19. Posted by Guest | February 28, 2014 at 4:08 PM

    Don't call it that.

    -Nichael B.