Double fist pump for DoubleLine LLC! Earlier this week, when we discussed the matter of Jeffrey Gundlach, who’s being sued by his former employer, TCW, for conspiracy, unfair competition, theft of proprietary and having dozens upon dozens of dildos, hardcore pornos, spank rags and weed in his office, a few of you wondered if there would be any sort of fall-out for Gunds. Would his new clients take issue with his admission to keeping, among other things, Weapons of Ass Destruction, Dr. Fellatio 16, a 6-inch brown rubber penis, an 8-inch glass penis and a pink and black strap restraining device in his office? Would the colleagues who followed him out the door of TCW be regretting their decision? No word yet on how clients feel about all this but apparently the defectors like it just fine and they’ve convinced their friends to get on board the Trip Down Mammary Lane train. At least 7 TCW employees have joined the new shop as of yesterday.
TCW
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:
TCW Group Sues Former CIO Jeffrey Gundlach For Having Drugs, Pornos And 12 “Sexual Devices” In Office
By Bess LevinThe 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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