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In Rival Exec’s Professional Opinion, The Time Has Come For Bill “American Thoroughbred” Gross To Be Sent To The Glue Factory

As those of you who follow the news out of Newport Beach, California know, the past couple months have not been the best for Bill Gross. First, Pimco co-CEO Mohammed El-Erian announced that he would be parting ways with the bond giant. Then, the Wall Street Journal detailed his “What the fuck are you looking at” management style, in an article that also revealed Gross’s nickname for himself: Secretariat. Next, Reuters refused to print his theory that El-Erian had penned the Journal story himself, and instead made him not look great by quoting him as saying that El-Erian was waging a campaign to undermine him and that ME-E had Reuterswrapped around his charming right finger.” Along the way, people have offered up suggestions re: how you solve a problem like Bill Gross, which have included not investing with him, slashing his $200 million/year salary, teaching him remedial strategies for acting like a sentient human being who would not admonish someone for daring to look him in the eye and, most recently, putting him out to pasture.

So what should Bill be paid? “Nothing,” believes one senior executive at a rival investment house, who asserts – like many others – that it is perhaps time for Mr Gross to part ways with the company he set up in 1971. “He needs to walk,” he says. A senior adviser at a competing US asset manager adds: “Personally, I find it wholly inappropriate that any one person should take home such a staggeringly large amount in any business. He is now 69 and in many industries this is regarded as being beyond retirement age.”

Secretariat, for example, only worked until he was 19.

Bill and his Grossly ‘indefensible’ salary [FT]

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14 Responses to “In Rival Exec’s Professional Opinion, The Time Has Come For Bill “American Thoroughbred” Gross To Be Sent To The Glue Factory”

  1. Quant me maybe ... says:

    Gross is a total power player. If I'm interpreting that picture right — 2 Bloomberg terminals, a PC, a Sun Workstation, his own color printer and no way to get out of his workspace.

    > Now that's old school.

  2. Guest says:

    to be fair to BG, at least he's paying the top tax rate on the $200mm as opposed to Buffett who takes home $100,000 and tax breaks the rest. at least BG is paying for 2000 teachers in tax whereas Buffett….

  3. BNP Paribas HR says:

    Fuck this guy.

  4. Guest says:

    Secretariat still had immense value after he retired because of his breeding rights. He sired as many as 600 foals. Something for Bill to consider.

  5. Guest says:

    Anyone who gives themselves a nickname is a tool. End of story. He strikes me as the type of guy who has his name sewn into his underwear

  6. Barbaro says:

    Bill- Do NOT go to Preakness this year. I've lived this story, it ends poorly!

  7. Mr. Ed says:

    Hay!

  8. Guest says:

    Bill Gross + Grasp of Convexity = Charlie Sheen

  9. guest says:

    This greedy old fart needs to retire. What's the point of working once you've accumulated some much capital? I'll tell ya, greed is killing this nation. Sickening.

    -C. Icahn

  10. Learn To Urn says:

    19 years of work is 18.9 years longer than Bill. Once you've made $200 million there is no slash, only maybe a small slice. His Gross income?

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