Jeffrey Gundlach

  • 10 Mar 2010 at 3:37 PM

Jeffrey Gundlach’s TCW Bosses Didn’t Expect So Many People To Side With “The Godfather”

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Back in January, when Jeffrey Gundlach was fired from TCW, his bosses sort of assumed that everyone would be happy to see the guy go. He was known to ask dining companions, “What’s it like having lunch with a genius” and he forced people to refer to him as “The Godfather” and “The Pope.” Sure, he had some good qualities (Gundlach collected the finest dildos from all over the world, had an entire library of porn in his office, including all the classics– A Trip Down Mammary Lane and the full Dr. Fellatio series, and was a stoner and a gifted drummer), but management just figured JG’s ego had grown too big to handle, and thought that everyone would be happy to say good riddance. Oh, how wrong they thought.

TCW proved inept in its efforts to stanch the turmoil caused by Gundlach’s departure. On the rainy Monday morning after he was fired, TCW employees gathered in conference rooms for a companywide conference call. CEO Stern told his troops that the downpour was a sign of renewal, and that TCW would emerge as “a firm that has respect for everyone within the firm.”But Day, TCW’s founder and chairman, was less temperate in his remarks. He told the employees that he had been through this before — i.e., with Marks — and that there was no other choice. “It sort of reminds me a bit of General Washington crossing the Delaware,” he said. “The general was in the back of the boat. It would be like a soldier getting up, trying to rock the boat, expecting to sink the boat. His choices are very simple. You shoot the soldier. You throw him off the boat.”

After a pause, nervous laughter emanated over the speakers. Some of Gundlach’s former colleagues were horrified. A few started crying. Others walked out. “Whatever people may say about [Gundlach], here’s a guy that has been working for his company for over 20 years and has made a lot of money for investors,” says Luz Padilla, a fund manager at the company. “After that call, I was just incensed.”

By this point scores of former TCW have chosen the DP-friendly environment Gundlach created at his new firm, DoubleLine, as have many a former TCW client. Others may have sided with Gunds for his ability to consistently make it rain (though, really, the Weapons of Ass Destruction and Swallow My Pride 2 DVDS, which you can’t find anywhere anymore, were mostly the main draw). And the chance to be around a guy who tells stories like this. Continue reading »

  • 17 Feb 2010 at 5:08 PM

Jeffrey Gundlach Cracked His Rib “Tripping Over A Computer Cable”

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Picture 166.pngThat’s at least the story the dildo collector told Bloomberg so okay, sure. Other things “The Godfather” (also known as “The Pope“) got off his chest include:
* The fact that he is, as previously stated, a genius:

“I am amazingly brilliant analytically,” says Gundlach, a wiry man whose short brown hair hugs his skull like a helmet.

* That the drugs, paraphernalia (“bearing evidence of recent use”), 12 sexual “devices,” 34 “hardcore pornographic magazines,” and 36 “hardcore sexually explicit DVDs and videocassettes” found in his former offices at TCW were nothing, and that attempts to use them in order to make him look bad were cheap, since it’s not like he had them scattered about the place.

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  • 19 Jan 2010 at 4:02 PM

Who Said It: “What’s It Like Having Lunch With A Genius?”

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Here’s your hint: the question came from someone not only known by colleagues as a dick, but a lover of dick as well. Chrome, rubber, glass, whatever. Okay, guess.

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  • 11 Jan 2010 at 3:20 PM

Jeffrey Gundlach NOT Set Up By TCW, Big Fan Of “Dr. Fellatio” Series

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Last week we wondered aloud whether or not former TCW CIO Jeffery Gundlach had been set up by his employer to look like a sex-crazed maniac. To recap, Gundlach is being sued by TCW for, among other things, conspiracy, unfair competition and theft of proprietary (Gundlach started his own firm last month, DoubleLine LLC). The other “things” are the items the firm claimed to have found by searching Gundlach’s offices (one in Santa Monica, one in LA), which included drugs, paraphernalia (“bearing evidence of recent use”), 12 sexual “devices,” 34 “hardcore pornographic magazines,” and 36 “hardcore sexually explicit DVDs and videocassettes.” The sheer volume of stuff seemed suspect to us (what could he possibly need with thirty-six different DVDs), and we felt that it was our duty to get to the bottom of the whole thing, by asking you people, in your professional opinions, if you thought the guy was set up. Although over 67% of you agreed that yes, TCW must’ve stashed the stuff in Gundlach’s office to make him look bad (or like he was operating a online wholesale sex shop distributor and keeping the inventory at his office), we’ve been informed that the answer is no. By Jeffery Gundlach. Who took ownership of the items in a letter to his new clients today.
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Also! I’ve spoken with someone extremely familiar with the matter, who was kind enough to provide me with a bit more specific accounting of the aforementioned items. Disclaimer: obviously, this is the sort of thing that, in lieu of having the actual DVD titles, description of the devices, etc, I would be forced to “imagine” whether or not Gundlach was a fan of, say, Backdoor Sluts 9. So I understand that you might automatically assume the following was made up straight from the mind of Bess Levin. But no: this is the stuff Gundlach kept in his office, for real:

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  • 08 Jan 2010 at 12:57 PM

Did TCW Set Up Jeffrey Gundlach To Look Like A Sex-Crazed Maniac?

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Yesterday we discussed the matter of Jeffrey Gundlach, who is being sued by his former employer, TCW Group. The Los Angeles-based asset manager is claiming, among other things, that Gundlach and a bunch of ex-employees stole TWC proprietary information to be used in a new company launched last month, DoubleLine LLC. The other “things” being alleged are that on the day JG was fired, a search of his office turned up drugs, paraphernalia (“bearing evidence of recent use”), 12 sexual “devices,” 34 “hardcore pornographic magazines,” and 36 “hardcore sexually explicit DVDs and videocassettes.”
Now, on the one hand, maybe all of this is legit. Maybe Gundlach just loves his drugs and porn, and needed them close to him at all hours of the day. On the other hand: the sheer volume of stuff just seems really suspect, and as though perhaps someone was maybe tasked with stashing some stuff around the office to make Gundlach look bad, except that whoever was put on the job failed to exercise a little restraint, making the whole thing slightly unbelievable.
Let’s just say Gundlach does feel the need to jerk it at the office, and, being blocked from XTube, has no other choice but to bring in his own materials. Fine. Would he seriously need thirty-six different DVDs??? One, okay. Two, fine. Everyone needs variety. THIRTY-SIX? To say nothing of him apparently having every single issue of Honcho? And twelve different devices? So, basically, what TCW is trying to tells us, is that either a) Gundlach essentially spent every single minute of the working day looking at porn, in a sex swing, with a ball gag in his mouth or b) he was operating a online wholesale sex shop distributor and kept the inventory at his office. And not that there’s anything wrong with either, but it just seems a bit suspect. And forces me to ask:

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  • 07 Jan 2010 at 4:10 PM

TCW Group Sues Former CIO Jeffrey Gundlach For Having Drugs, Pornos And 12 “Sexual Devices” In Office

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The firm had some other issues with Gundlach, who was fired on December 4, as well (he’s being accused of conspiracy, unfair competition and theft of proprietary TCW information) but we figured this should discussed ASAP, as some of you may have some things you need to dispose of from your desk, in the event that your employer also frowns up this sort of thing. No word on a rebuttal from JG or his representation, but presumably he’ll have good reason for the Backdoor Sluts 9 DVD, the “videocassettes” (they’re vintage) and an itemized list of said “devices.” We need to know what does and doesn’t fly (vibrators, yes, ball gags, no, spreader and truss bar debatable?).
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