Reason Number One the abrupt departure of Pimco Chief Executive Mohamed El-Erian will not only not hurt the firm but will in fact help it: the old structure of having one chief investment officer sucked. The new structure of having six deputy chief investment officers rocks.
Reason Number Two Pimco 2.0 will make Pimco 1.0 look like a “Before” picture: seating arrangements.
Reason Number Three El-Erian did everyone a favor by leaving: because Bill Gross has an exclamation point that says so. Read more »