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.

An interview with Jeffrey Gundlach is less like conversation than like listening to a manic stream-of-consciousness monologue. Consider Gundlach's description of his aborted stint in a math Ph.D. program at Yale (after getting an undergraduate degree in the same subject at Dartmouth): "It was a four-year Ph.D. deal. And they gave me a full scholarship, and it was very hard to get into. There were only seven people accepted, and they had hundreds of applicants. And one of the guys, he was Korean, he had come in via Toronto. I was the only American left. The other American had flunked out. There was a Chinese guy who had polio. That guy was smart. That guy was something else. He had crutches. He had horrible dandruff. He never took a shower, but he was one smart motherf----r, let me tell you. That guy is probably the smartest guy I ever met in my life. And he was my friend. I was the only guy he would be friends with, and there was this other guy, this Korean guy out of Korea, out of Toronto, and I didn't like him very much, and I was walking down the street, and there he was. It was like, 'Hey, Jeff!' They called me Jeff in the day. 'Hey!' You know, good to see you. I was Ike -- I had this really heebie-jeebie feeling, and he goes, 'Let's go to the bookstore and get our books.' And I was like, 'Uh, I don't know.' And he was like, 'What do you mean?' I said, 'Uh, I don't know.' And it hit me right then. I said, 'I'm not going back. I'm not doing it. I can't do it. This is pointless.' "

Firing The $70 Billion Man [Fortune]

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You Can Add The FBI To The (Long) List Of People Impressed With Jeffrey Gundlach's Brain

There is no denying that Jeffrey Gundlach is a hugely talented man whose IQ would rank among the highest in the world if he ever had it tested. "What's it like having lunch with a genius," he once asked a colleague, who presumably answered, "To be honest, it's giving me an inferiority complex just breathing the same air as you, knowing that your brain is the standard for how intelligence will be measured from now until the end of eternity." Until recently, however, the application of Gundlach's brilliance was largely confined to bond management. According to a new profile by Bloomberg Markets, though, Gundlach's intellectual prowess is just as if not more impressive when it comes to crime solving.

Want To Earn $100,000 The Hard Way, You Dirty Little Bitch? Give Jeffrey Gundlach A Call

As you may have heard, at some point last week, bond manager Jeffrey Gundlach was robbed. Thieves took $10 million worth of stuff from the Doubleline founder's Santa Monica pad, including a couple of paintings, a few watches, some high-priced wine, a 2010 Porsche Carrera 4S, and whatever cash was lying around. While it's unclear if the burglars made away with Gundlach's collection of priceless pornographic films and sexual apparatus; if he was targeted specifically because the thieves knew they could get their hands on the original copy of Dr. Fellatio 16; or if they were tipped off by JG's regular pizza delivery guy, cable repairman, or pool boy, what is clear that Gundlach is pissed, pissed like a man who is no longer in possession of Ass Traffic Volume 2: The Director's Cut.  And that's where you come in. Mr Gundlach has reportedly offered a $100,000 reward for the return of his property. $1,000 is also being offered for information leading to the arrest and conviction of those who carried out the raid, according to Santa Monica police. And to the burglars, if you're reading this, Gundlach will see your asses in court (the real kind, unless you want to settle this in Bondage Nookie Court in which case, get in touch with this lawyer). Multimillionaire financier victim of $10-million heist [LA Times] Thieves snatch $10million haul of fine art, jewellery and a Porsche from home of wealthy banker dubbed the 'Bond God' [DM] Related (...?): Jeffrey Gundlach NOT Set Up By TCW, Big Fan Of “Dr. Fellatio” Series

Jeffrey Gundlach Had A Little Party Last Night

December 7, 1941. November 22, 1963. December 4, 2009. All dates of such historical and cultural significance that if you asked someone where they were that day, they'd surely be able to tell you. Because they weren't just any old days; they were moments when everything changed. The bombing of Pearl Harbor; the assassination of JFK; and, perhaps most importantly, the firing of Jeffrey Gundlach from the TWC Group, which had taken issue with his decision to start his own firm, and choose to express that anger by first escorting him out of the building and second raiding his offices, where they found an amount of adult films and sexual devices that suggested Gundlach was operating an online wholesale sex shop distributor and keeping the inventory at work. TCW also sued its former employee and at the time, rather than roll over and take it which is something he would never do, Gundlach vowed to fight back and clear up the misconception that TCW was the victim in the situation. On the contrary, JG told people, the real victim was US taxpayers who were "promised" Gundlach's services and had to settled for a subpar bond manager when his relationship with the firm was terminated. Gundlach ultimately emerged victorious* and perhaps even more satisfying to The Pope was the number of TCW employees and clients who followed him en masse to his new company, the aptly named DoubleLine Capital. We're not sure how you celebrated last night's hugely significant anniversary, but we do know how Gundlach did: